secwatch.observer — SEC 8-K summary
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Issuer:     HERTZ GLOBAL HOLDINGS, INC (HTZ)
CIK:        0001657853
Form:       8-K
Filed at:   2021-10-05T23:59:59+00:00
Accession:  0001104659-21-122831
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657853/000110465921122831/0001104659-21-122831-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/47129/000110465921122831/tm2129266d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-122831

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer