{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-25-002401","form_type":"8-K","ticker":"CAR","cik":"0000723612","company_name":"AVIS BUDGET GROUP, INC.","filed_at":"2025-09-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.234081+00:00","generated_at":"2026-05-17T07:48:00.728623+00:00","sec_items":["1.01","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Avis Budget amends cooperation agreement with SRS, raises voting cap to 45%","bullets":["SRS voting cap increased from 35% to 45%; excess voting rights to be voted proportionally with other stockholders.","Board size fixed at 5-6 directors while SRS holds ≥10% of voting securities; SRS limited to 2 directors.","SRS currently holds ~49.5% voting rights, triggering proportional voting on excess above 45% immediately.","New restrictions on SRS selling shares to 10%+ holder unless that holder agrees to 5-year 'interested stockholder' treatment under DGCL.","Amendment requires special committee approval for any extraordinary transaction with SRS and ensures equal per-share consideration."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-25-002401","json":"https://secwatch.observer/filing/0000950142-25-002401.json","markdown":"https://secwatch.observer/filing/0000950142-25-002401.md","text":"https://secwatch.observer/filing/0000950142-25-002401.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723612/000095014225002401/0000950142-25-002401-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723612/000095014225002401/eh250675621_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T07:48:00.728623+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}