secwatch.observer — SEC 8-K summary
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Issuer:     HERTZ GLOBAL HOLDINGS, INC (HTZ)
CIK:        0001657853
Form:       8-K
Filed at:   2026-08-20T20:48:14+00:00
Accession:  0001657853-26-000050
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hertz, CK Amarillo sign amended voting agreement capping votes at 45% and adding sale-of-control payout
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- CK Amarillo must vote shares above 45% of voting power in proportion to all other votes cast; waivers possible via independent directors.
- If CK Amarillo sells 50%+ of outstanding shares above Market Price, it must pay other holders the per-share premium (times unsold percentage).
- Agreement terminates when CK Amarillo's beneficial ownership falls below 45% and after 2021/2022 repurchase programs are exhausted or terminated.
- Executed Aug 20, 2026 in connection with settlement of Cascia v. Farmer litigation; amends March 2025 voting agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657853/000165785326000050/0001657853-26-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/47129/000165785326000050/htz-20260820.htm
  HTML page:      https://secwatch.observer/filing/0001657853-26-000050

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