---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-122831"
form_type: "8-K"
ticker: "HTZ"
cik: "0001657853"
company_name: "HERTZ GLOBAL HOLDINGS, INC"
filed_at: "2021-10-05T23:59:59+00:00"
generated_at: "2026-06-28T23:00:50.574370+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Hertz names Mark Fields interim CEO effective Oct 5; Paul Stone becomes COO/President

## Summary
- Mark Fields appointed interim CEO, base salary $62,500/week, plus 500,000 RSU grant that vests over 6 months.
- Paul Stone resigns as CEO and from board, becomes COO and President; retains $1M base salary and 140% target bonus.
- Stone eligible for $2M transition bonus plus 24 months employer-paid health premiums if employed through March 1, 2022.
- Fields will remain on board; Stone's departure from audit committee effective Oct 5.

## SEC filing metadata
- accession: 0001104659-21-122831
- form_type: 8-K
- ticker: HTZ
- cik: 0001657853
- company_name: HERTZ GLOBAL HOLDINGS, INC
- filed_at: 2021-10-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1657853/000110465921122831/0001104659-21-122831-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47129/000110465921122831/tm2129266d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-122831
- JSON: https://secwatch.observer/filing/0001104659-21-122831.json
- Plain text: https://secwatch.observer/filing/0001104659-21-122831.txt

## Key facts
- Executive change
  Paul E. Stone resigned as Chief Executive Officer at HERTZ GLOBAL HOLDINGS, INC.
  - Action: resigned
  - Role: Chief Executive Officer
  source text: Paul E. Stone resigned as Chief Executive Officer of the Company, and also resigned from the Board, in each case effective October 5, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000110465921122831/0001104659-21-122831-index.htm
- Executive change
  Paul E. Stone was appointed as Chief Operating Officer at HERTZ GLOBAL HOLDINGS, INC.
  - Action: appointed
  - Role: Chief Operating Officer
  source text: The Board separately appointed Mr. Stone as the Company's Chief Operating Officer effective October 5, 2021, and he will also continue in his role as President of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000110465921122831/0001104659-21-122831-index.htm
- Executive change
  Paul E. Stone resigned as Director at HERTZ GLOBAL HOLDINGS, INC.
  - Action: resigned
  - Role: Director
  source text: Paul E. Stone resigned as Chief Executive Officer of the Company, and also resigned from the Board, in each case effective October 5, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000110465921122831/0001104659-21-122831-index.htm
- Executive change
  Mark Fields was appointed as interim Chief Executive Officer at HERTZ GLOBAL HOLDINGS, INC.
  - Action: appointed
  - Role: interim Chief Executive Officer
  source text: appointed Mark Fields as the Company's interim Chief Executive Officer ("Interim CEO") effective as of October 5, 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000110465921122831/0001104659-21-122831-index.htm

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