---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-089858"
form_type: "8-K"
ticker: "HTZ"
cik: "0001657853"
company_name: "HERTZ GLOBAL HOLDINGS, INC"
filed_at: "2021-07-07T23:59:59+00:00"
generated_at: "2026-06-30T06:57:40.280063+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-21-089858
- form_type: 8-K
- ticker: HTZ
- cik: 0001657853
- company_name: HERTZ GLOBAL HOLDINGS, INC
- filed_at: 2021-07-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 3.03, 5.01, 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1657853/000110465921089858/0001104659-21-089858-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47129/000110465921089858/tm2121430d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-089858
- JSON: https://secwatch.observer/filing/0001104659-21-089858.json
- Plain text: https://secwatch.observer/filing/0001104659-21-089858.txt

## Key facts
- Executive change
  Vincent Intrieri was appointed as Director at HERTZ GLOBAL HOLDINGS, INC.
  - Action: appointed as director
  - Role: Director
  source text: 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);
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000110465921089858/0001104659-21-089858-index.htm
- Executive change
  Mark Fields was appointed as Director at HERTZ GLOBAL HOLDINGS, INC.
  - Action: appointed as director
  - Role: Director
  source text: 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);
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000110465921089858/0001104659-21-089858-index.htm
- Executive change
  SungHwan Cho departed as Director at HERTZ GLOBAL HOLDINGS, INC.
  - Action: ceased to hold office as member of the board
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000110465921089858/0001104659-21-089858-index.htm
- Executive change
  Daniel A. Ninivaggi departed as Director at HERTZ GLOBAL HOLDINGS, INC.
  - Action: ceased to hold office as member of the board
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000110465921089858/0001104659-21-089858-index.htm
- Executive change
  Thomas Wagner was appointed as Vice Chair at HERTZ GLOBAL HOLDINGS, INC.
  - Action: appointed as director and Vice Chair
  - Role: Vice Chair
  source text: 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);
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000110465921089858/0001104659-21-089858-index.htm
- Executive change
  Henry R. Keizer departed as Director at HERTZ GLOBAL HOLDINGS, INC.
  - Action: ceased to hold office as member of the board
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000110465921089858/0001104659-21-089858-index.htm
- Executive change
  Andrew Shannahan was appointed as Director at HERTZ GLOBAL HOLDINGS, INC.
  - Action: appointed as director
  - Role: Director
  source text: 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);
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000110465921089858/0001104659-21-089858-index.htm
- Executive change
  Kevin A. Sheehan departed as Director at HERTZ GLOBAL HOLDINGS, INC.
  - Action: ceased to hold office as member of the board
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000110465921089858/0001104659-21-089858-index.htm
- Executive change
  David A. Barnes departed as Director at HERTZ GLOBAL HOLDINGS, INC.
  - Action: ceased to hold office as member of the board
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000110465921089858/0001104659-21-089858-index.htm
- Executive change
  Anindita Mukherjee departed as Director at HERTZ GLOBAL HOLDINGS, INC.
  - Action: ceased to hold office as member of the board
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000110465921089858/0001104659-21-089858-index.htm
- Executive change
  Christopher Lahoud was appointed as Preferred Stock Director at HERTZ GLOBAL HOLDINGS, INC.
  - Action: appointed as director
  - Role: Preferred Stock Director
  source text: 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);
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000110465921089858/0001104659-21-089858-index.htm
- Executive change
  M. Gregory O’Hara was appointed as Chair at HERTZ GLOBAL HOLDINGS, INC.
  - Action: appointed as director and Chair
  - Role: Chair
  source text: 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);
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000110465921089858/0001104659-21-089858-index.htm
- Executive change
  Paul Stone was appointed as Chief Executive Officer at HERTZ GLOBAL HOLDINGS, INC.
  - Action: appointed as director
  - Role: Chief Executive Officer
  source text: 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);
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000110465921089858/0001104659-21-089858-index.htm
- Executive change
  Colin Farmer was appointed as Director at HERTZ GLOBAL HOLDINGS, INC.
  - Action: appointed as director
  - Role: Director
  source text: 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);
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000110465921089858/0001104659-21-089858-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.