secwatch / observer

8-K filed July 7, 2021, 7:59 PM ET ticker HTZ CIK 0001657853

other material confidence high sentiment neutral materiality 1.00

Hertz emerges from Chapter 11; new capital structure includes $1.3B term loan, $6.8B ABS notes

HERTZ GLOBAL HOLDINGS, INC

Emerged from Chapter 11 on June 30, 2021; Plan supported by Knighthead, Certares, Apollo as Plan Sponsors.
Issued 89M warrants to former common stockholders; exercise price $13.80, expiring June 30, 2051.
Entered $1.3B Term B loan, $245M Term C facility, $1.255B revolver under Exit Credit Agreement.
HVF III issued $2.8125B Series 2021-A notes (floating+1.50%), $2B Series 2021-1 and $2B Series 2021-2 notes.
Proceeds used to repay existing debt, fees, and fund distributions under the Plan.

item 1.01 item 1.02 item 2.03 item 3.02 item 3.03 item 5.01 item 5.02 item 5.03 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Vincent Intrieri

Director

HTZ · HERTZ GLOBAL HOLDINGS, INC

Effective: 2021-06-30
Filed: July 7, 2021, 7:59 PM ET

As of the Effective Date, by operation of and in accordance with the Plan, the directors of the Company include: (i) M. Gregory O’Hara (Chair – Class I); (ii) Thomas Wagner (Vice Chair – Class I); (iii) Colin Farmer (Class III); (iv) Andrew Shannahan (Class III); (v) Christopher Lahoud (Preferred Stock Director); (vi) Vincent Intrieri (Class I); (vii) Paul Stone (CEO – Class II); (viii) Mark Fields (Class II);

Appointed

Mark Fields

Director

HTZ · HERTZ GLOBAL HOLDINGS, INC

Effective: 2021-06-30
Filed: July 7, 2021, 7:59 PM ET

As of the Effective Date, by operation of and in accordance with the Plan, the directors of the Company include: (i) M. Gregory O’Hara (Chair – Class I); (ii) Thomas Wagner (Vice Chair – Class I); (iii) Colin Farmer (Class III); (iv) Andrew Shannahan (Class III); (v) Christopher Lahoud (Preferred Stock Director); (vi) Vincent Intrieri (Class I); (vii) Paul Stone (CEO – Class II); (viii) Mark Fields (Class II);

Departed

SungHwan Cho

Director

HTZ · HERTZ GLOBAL HOLDINGS, INC

Effective: 2021-06-30
Filed: July 7, 2021, 7:59 PM ET

David A. Barnes, SungHwan Cho, Henry R. Keizer, Anindita Mukherjee, Daniel A. Ninivaggi and Kevin A. Sheehan ceased to hold office as members of the Company’s board of directors (the “Board”) on the Effective Date.

Departed

Daniel A. Ninivaggi

Director

HTZ · HERTZ GLOBAL HOLDINGS, INC

Effective: 2021-06-30
Filed: July 7, 2021, 7:59 PM ET

David A. Barnes, SungHwan Cho, Henry R. Keizer, Anindita Mukherjee, Daniel A. Ninivaggi and Kevin A. Sheehan ceased to hold office as members of the Company’s board of directors (the “Board”) on the Effective Date.

Appointed

Thomas Wagner

Vice Chair

HTZ · HERTZ GLOBAL HOLDINGS, INC

Effective: 2021-06-30
Filed: July 7, 2021, 7:59 PM ET

As of the Effective Date, by operation of and in accordance with the Plan, the directors of the Company include: (i) M. Gregory O’Hara (Chair – Class I); (ii) Thomas Wagner (Vice Chair – Class I); (iii) Colin Farmer (Class III); (iv) Andrew Shannahan (Class III); (v) Christopher Lahoud (Preferred Stock Director); (vi) Vincent Intrieri (Class I); (vii) Paul Stone (CEO – Class II); (viii) Mark Fields (Class II);

Departed

Henry R. Keizer

Director

HTZ · HERTZ GLOBAL HOLDINGS, INC

Effective: 2021-06-30
Filed: July 7, 2021, 7:59 PM ET

David A. Barnes, SungHwan Cho, Henry R. Keizer, Anindita Mukherjee, Daniel A. Ninivaggi and Kevin A. Sheehan ceased to hold office as members of the Company’s board of directors (the “Board”) on the Effective Date.

Appointed

Andrew Shannahan

Director

HTZ · HERTZ GLOBAL HOLDINGS, INC

Effective: 2021-06-30
Filed: July 7, 2021, 7:59 PM ET

As of the Effective Date, by operation of and in accordance with the Plan, the directors of the Company include: (i) M. Gregory O’Hara (Chair – Class I); (ii) Thomas Wagner (Vice Chair – Class I); (iii) Colin Farmer (Class III); (iv) Andrew Shannahan (Class III); (v) Christopher Lahoud (Preferred Stock Director); (vi) Vincent Intrieri (Class I); (vii) Paul Stone (CEO – Class II); (viii) Mark Fields (Class II);

Departed

Kevin A. Sheehan

Director

HTZ · HERTZ GLOBAL HOLDINGS, INC

Effective: 2021-06-30
Filed: July 7, 2021, 7:59 PM ET

David A. Barnes, SungHwan Cho, Henry R. Keizer, Anindita Mukherjee, Daniel A. Ninivaggi and Kevin A. Sheehan ceased to hold office as members of the Company’s board of directors (the “Board”) on the Effective Date.

Departed

David A. Barnes

Director

HTZ · HERTZ GLOBAL HOLDINGS, INC

Effective: 2021-06-30
Filed: July 7, 2021, 7:59 PM ET

David A. Barnes, SungHwan Cho, Henry R. Keizer, Anindita Mukherjee, Daniel A. Ninivaggi and Kevin A. Sheehan ceased to hold office as members of the Company’s board of directors (the “Board”) on the Effective Date.

Departed

Anindita Mukherjee

Director

HTZ · HERTZ GLOBAL HOLDINGS, INC

Effective: 2021-06-30
Filed: July 7, 2021, 7:59 PM ET

David A. Barnes, SungHwan Cho, Henry R. Keizer, Anindita Mukherjee, Daniel A. Ninivaggi and Kevin A. Sheehan ceased to hold office as members of the Company’s board of directors (the “Board”) on the Effective Date.

Appointed

Christopher Lahoud

Preferred Stock Director

HTZ · HERTZ GLOBAL HOLDINGS, INC

Effective: 2021-06-30
Filed: July 7, 2021, 7:59 PM ET

As of the Effective Date, by operation of and in accordance with the Plan, the directors of the Company include: (i) M. Gregory O’Hara (Chair – Class I); (ii) Thomas Wagner (Vice Chair – Class I); (iii) Colin Farmer (Class III); (iv) Andrew Shannahan (Class III); (v) Christopher Lahoud (Preferred Stock Director); (vi) Vincent Intrieri (Class I); (vii) Paul Stone (CEO – Class II); (viii) Mark Fields (Class II);

Appointed

M. Gregory O’Hara

Chair

HTZ · HERTZ GLOBAL HOLDINGS, INC

Effective: 2021-06-30
Filed: July 7, 2021, 7:59 PM ET

As of the Effective Date, by operation of and in accordance with the Plan, the directors of the Company include: (i) M. Gregory O’Hara (Chair – Class I); (ii) Thomas Wagner (Vice Chair – Class I); (iii) Colin Farmer (Class III); (iv) Andrew Shannahan (Class III); (v) Christopher Lahoud (Preferred Stock Director); (vi) Vincent Intrieri (Class I); (vii) Paul Stone (CEO – Class II); (viii) Mark Fields (Class II);

Appointed

Paul Stone

Chief Executive Officer

HTZ · HERTZ GLOBAL HOLDINGS, INC

Effective: 2021-06-30
Filed: July 7, 2021, 7:59 PM ET

As of the Effective Date, by operation of and in accordance with the Plan, the directors of the Company include: (i) M. Gregory O’Hara (Chair – Class I); (ii) Thomas Wagner (Vice Chair – Class I); (iii) Colin Farmer (Class III); (iv) Andrew Shannahan (Class III); (v) Christopher Lahoud (Preferred Stock Director); (vi) Vincent Intrieri (Class I); (vii) Paul Stone (CEO – Class II); (viii) Mark Fields (Class II);

Appointed

Colin Farmer

Director

HTZ · HERTZ GLOBAL HOLDINGS, INC

Effective: 2021-06-30
Filed: July 7, 2021, 7:59 PM ET

As of the Effective Date, by operation of and in accordance with the Plan, the directors of the Company include: (i) M. Gregory O’Hara (Chair – Class I); (ii) Thomas Wagner (Vice Chair – Class I); (iii) Colin Farmer (Class III); (iv) Andrew Shannahan (Class III); (v) Christopher Lahoud (Preferred Stock Director); (vi) Vincent Intrieri (Class I); (vii) Paul Stone (CEO – Class II); (viii) Mark Fields (Class II);

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Vincent Intrieri was appointed as Director at HERTZ GLOBAL HOLDINGS, INC.

Action: appointed as director
Role: Director

Exact text from the filing

As of the Effective Date, by operation of and in accordance with the Plan, the directors of the Company include: (i) M. Gregory O’Hara (Chair – Class I); (ii) Thomas Wagner (Vice Chair – Class I); (iii) Colin Farmer (Class III); (iv) Andrew Shannahan (Class III); (v) Christopher Lahoud (Preferred Stock Director); (vi) Vincent Intrieri (Class I); (vii) Paul Stone (CEO – Class II); (viii) Mark Fields (Class II);

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Mark Fields was appointed as Director at HERTZ GLOBAL HOLDINGS, INC.

Action: appointed as director
Role: Director

Exact text from the filing

As of the Effective Date, by operation of and in accordance with the Plan, the directors of the Company include: (i) M. Gregory O’Hara (Chair – Class I); (ii) Thomas Wagner (Vice Chair – Class I); (iii) Colin Farmer (Class III); (iv) Andrew Shannahan (Class III); (v) Christopher Lahoud (Preferred Stock Director); (vi) Vincent Intrieri (Class I); (vii) Paul Stone (CEO – Class II); (viii) Mark Fields (Class II);

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

SungHwan Cho departed as Director at HERTZ GLOBAL HOLDINGS, INC.

Action: ceased to hold office as member of the board
Role: Director

Exact text from the filing

David A. Barnes, SungHwan Cho, Henry R. Keizer, Anindita Mukherjee, Daniel A. Ninivaggi and Kevin A. Sheehan ceased to hold office as members of the Company’s board of directors (the “Board”) on the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Daniel A. Ninivaggi departed as Director at HERTZ GLOBAL HOLDINGS, INC.

Action: ceased to hold office as member of the board
Role: Director

Exact text from the filing

David A. Barnes, SungHwan Cho, Henry R. Keizer, Anindita Mukherjee, Daniel A. Ninivaggi and Kevin A. Sheehan ceased to hold office as members of the Company’s board of directors (the “Board”) on the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Thomas Wagner was appointed as Vice Chair at HERTZ GLOBAL HOLDINGS, INC.

Action: appointed as director and Vice Chair
Role: Vice Chair

Exact text from the filing

As of the Effective Date, by operation of and in accordance with the Plan, the directors of the Company include: (i) M. Gregory O’Hara (Chair – Class I); (ii) Thomas Wagner (Vice Chair – Class I); (iii) Colin Farmer (Class III); (iv) Andrew Shannahan (Class III); (v) Christopher Lahoud (Preferred Stock Director); (vi) Vincent Intrieri (Class I); (vii) Paul Stone (CEO – Class II); (viii) Mark Fields (Class II);

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Henry R. Keizer departed as Director at HERTZ GLOBAL HOLDINGS, INC.

Action: ceased to hold office as member of the board
Role: Director

Exact text from the filing

David A. Barnes, SungHwan Cho, Henry R. Keizer, Anindita Mukherjee, Daniel A. Ninivaggi and Kevin A. Sheehan ceased to hold office as members of the Company’s board of directors (the “Board”) on the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Andrew Shannahan was appointed as Director at HERTZ GLOBAL HOLDINGS, INC.

Action: appointed as director
Role: Director

Exact text from the filing

As of the Effective Date, by operation of and in accordance with the Plan, the directors of the Company include: (i) M. Gregory O’Hara (Chair – Class I); (ii) Thomas Wagner (Vice Chair – Class I); (iii) Colin Farmer (Class III); (iv) Andrew Shannahan (Class III); (v) Christopher Lahoud (Preferred Stock Director); (vi) Vincent Intrieri (Class I); (vii) Paul Stone (CEO – Class II); (viii) Mark Fields (Class II);

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Kevin A. Sheehan departed as Director at HERTZ GLOBAL HOLDINGS, INC.

Action: ceased to hold office as member of the board
Role: Director

Exact text from the filing

David A. Barnes, SungHwan Cho, Henry R. Keizer, Anindita Mukherjee, Daniel A. Ninivaggi and Kevin A. Sheehan ceased to hold office as members of the Company’s board of directors (the “Board”) on the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

David A. Barnes departed as Director at HERTZ GLOBAL HOLDINGS, INC.

Action: ceased to hold office as member of the board
Role: Director

Exact text from the filing

David A. Barnes, SungHwan Cho, Henry R. Keizer, Anindita Mukherjee, Daniel A. Ninivaggi and Kevin A. Sheehan ceased to hold office as members of the Company’s board of directors (the “Board”) on the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Anindita Mukherjee departed as Director at HERTZ GLOBAL HOLDINGS, INC.

Action: ceased to hold office as member of the board
Role: Director

Exact text from the filing

David A. Barnes, SungHwan Cho, Henry R. Keizer, Anindita Mukherjee, Daniel A. Ninivaggi and Kevin A. Sheehan ceased to hold office as members of the Company’s board of directors (the “Board”) on the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Christopher Lahoud was appointed as Preferred Stock Director at HERTZ GLOBAL HOLDINGS, INC.

Action: appointed as director
Role: Preferred Stock Director

Exact text from the filing

As of the Effective Date, by operation of and in accordance with the Plan, the directors of the Company include: (i) M. Gregory O’Hara (Chair – Class I); (ii) Thomas Wagner (Vice Chair – Class I); (iii) Colin Farmer (Class III); (iv) Andrew Shannahan (Class III); (v) Christopher Lahoud (Preferred Stock Director); (vi) Vincent Intrieri (Class I); (vii) Paul Stone (CEO – Class II); (viii) Mark Fields (Class II);

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

M. Gregory O’Hara was appointed as Chair at HERTZ GLOBAL HOLDINGS, INC.

Action: appointed as director and Chair
Role: Chair

Exact text from the filing

As of the Effective Date, by operation of and in accordance with the Plan, the directors of the Company include: (i) M. Gregory O’Hara (Chair – Class I); (ii) Thomas Wagner (Vice Chair – Class I); (iii) Colin Farmer (Class III); (iv) Andrew Shannahan (Class III); (v) Christopher Lahoud (Preferred Stock Director); (vi) Vincent Intrieri (Class I); (vii) Paul Stone (CEO – Class II); (viii) Mark Fields (Class II);

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Paul Stone was appointed as Chief Executive Officer at HERTZ GLOBAL HOLDINGS, INC.

Action: appointed as director
Role: Chief Executive Officer

Exact text from the filing

As of the Effective Date, by operation of and in accordance with the Plan, the directors of the Company include: (i) M. Gregory O’Hara (Chair – Class I); (ii) Thomas Wagner (Vice Chair – Class I); (iii) Colin Farmer (Class III); (iv) Andrew Shannahan (Class III); (v) Christopher Lahoud (Preferred Stock Director); (vi) Vincent Intrieri (Class I); (vii) Paul Stone (CEO – Class II); (viii) Mark Fields (Class II);

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Colin Farmer was appointed as Director at HERTZ GLOBAL HOLDINGS, INC.

Action: appointed as director
Role: Director

Exact text from the filing

As of the Effective Date, by operation of and in accordance with the Plan, the directors of the Company include: (i) M. Gregory O’Hara (Chair – Class I); (ii) Thomas Wagner (Vice Chair – Class I); (iii) Colin Farmer (Class III); (iv) Andrew Shannahan (Class III); (v) Christopher Lahoud (Preferred Stock Director); (vi) Vincent Intrieri (Class I); (vii) Paul Stone (CEO – Class II); (viii) Mark Fields (Class II);

View on SEC.gov

HERTZ GLOBAL HOLDINGS, INC filing history →

Source: SEC EDGAR

accession 0001104659-21-089858

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