Highest-materiality recent filing
Herc Holdings annual meeting elects all 8 director nominees, approves say-on-pay, ratifies PwC
All eight director nominees elected with majority support; Rakesh Sachdev received lowest votes at 26,993,742 (89.2% of votes cast).
Herc Holdings Q1 2026: revenue up 32% to $1.14B, adjusted EBITDA $448M
Equipment rental revenue $981M (+33%); total revenues $1,139M (+32%).
Q4 equipment rental revenue $1,039M (+24% YoY); total revenues $1,209M (+27%).
Director John M. Engquist not standing for re-election at Herc Holdings' 2026 annual meeting
John M. Engquist informed Board on Jan 28, 2026, he will not seek re-election at the 2026 annual meeting.
Herc Holdings refinances $1.2B debt with new 5.75%/6.00% notes due 2031/2034
Issued $600M 5.750% notes due 2031 and $600M 6.000% notes due 2034, net proceeds used to redeem all $1.2B of 5.50% Senior Notes due 2027.
Herc Holdings prices $1.2B in senior notes; proceeds to redeem $1.2B 2027 notes
Priced $600M of 5.750% notes due 2031 and $600M of 6.000% notes due 2034.
Herc Holdings proposes $1.2B senior unsecured notes offering to refinance 5.50% notes due 2027
Offering $1,200M in senior unsecured notes due 2031/2034, with proceeds to redeem all $1.2B 5.50% Senior Notes due 2027.
Herc Holdings announces conditional redemption of $1.2B 5.50% Senior Notes due 2027
Redemption of all $1.2 billion aggregate principal of 5.50% Senior Notes due 2027 on December 16, 2025.
Herc Holdings names Aaron Birnbaum President; adds two independent directors
Aaron Birnbaum, current COO, elected President effective Jan 1, 2026; CEO Larry Silber remains CEO.
Herc Holdings Q3 revenue up 35% to $1.3B; adj. EPS $2.22; reaffirms FY guidance
Equipment rental revenue $1,122M (+30% YoY); total revenues $1,304M (+35%).
Sixth Amendment to Receivables Financing Agreement executed on August 29, 2025.
Herc Holdings sells Cinelease business to Zello for $100M cash plus earnouts
Sale completed July 31, 2025; initial cash consideration $100M, plus potential earnouts.
Herc Holdings posts Q2 net loss of $35M on H&E acquisition costs; updates FY2025 guidance
Equipment rental revenue $870M (+14% YoY); total revenues $1,002M (+18% YoY)
Completed acquisition of H&E Equipment Services; H&E stockholders received $78.75 cash + 0.1287 Herc shares per share.
Herc Holdings shareholders elect all seven director nominees at annual meeting
All seven director nominees elected for one-year terms; Rakesh Sachdev received lowest votes (23.6M for, 2.3M against).
Herc Holdings prices $2.75B notes at 7.000% and 7.250% to fund H&E acquisition
$1.65B of 7.000% senior unsecured notes due 2030 and $1.1B of 7.250% notes due 2033 priced.
Herc Holdings grants $1M retention equity to COO Aaron Birnbaum
COO Aaron Birnbaum receives $1M in special retention equity: 50% RSUs, 50% PSUs.
On May 29, 2025, the Company expanded the size of its Board of Directors (the “Board”) from seven members to eight members and, under the terms of the Merger Agreement, appointed Mr. John M. Engquist (who previously served as a member on the H&E board of directors) to the Board.
Max materiality 0.90 · Median 0.60 · Most common event debt