Source-grounded facts extracted from HERTZ GLOBAL HOLDINGS, INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
HERTZ GLOBAL HOLDINGS, INC amended European ABS Issuer Facility Agreement and Master Definitions and Constructions Agreement with International Fleet Financing No. 2 B.V. valued at Increase in aggregate maximum borrowings from €1.1 billion to €1.2 billion and extension of maturity (effective 2023-09-22).
“On September 22, 2023, affiliates of Hertz Global Holdings, Inc. and The Hertz Corporation (“ Hertz ”) entered into amendments to the securitization platform for financing activities relating to such affiliates' vehicle fleets in France, the Netherlands, Germany, Spain, and Italy (the “ European ABS ”) to (i) increase the aggregate maximum borrowings thereunder from €1.1 billion to €1.2 billion, (ii) extend the maturity from November 2024 to March 2026, and (iii) make other amendments and revisions that provide for operating flexibility (the “ Amendments ”).”
Material Agreements
HERTZ GLOBAL HOLDINGS, INC amended Master Definitions and Constructions Agreement with International Fleet Financing No. 2 B.V., Hertz Europe Limited, BNPP Paribas Trust Corporation UK Limited, Credit Agricole Corporate and Investment Bank (effective 2023-09-22).
“In connection with the Amendments, each of the Issuer Facility Agreement and the MDCA were amended effective as of September 22, 2023.”
Material Agreements
HERTZ GLOBAL HOLDINGS, INC amended Issuer Facility Agreement with International Fleet Financing No. 2 B.V., Hertz Europe Limited, BNPP Paribas Trust Corporation UK Limited, Credit Agricole Corporate and Investment Bank valued at increase the aggregate maximum borrowings thereunder from €1.1 billion to €1.2 billion (effective 2023-09-22).
“2 ”), an indirect, special purpose subsidiary of Hertz, is party to an issuer facility agreement originally dated September 25, 2018 between, among others, IFF No.”
Paul Stone resigned as President and Chief Operations Officer at HERTZ GLOBAL HOLDINGS, INC.
“Paul Stone, President and Chief Operations Officer of Hertz Global Holdings, Inc. (the “Company”), and President and Chief Operating Officer, and a member of the board of directors, of The Hertz Corporation (“Hertz”) informed the Company and Hertz on September 7, 2023 of his intent to resign from these positions with the Company and Hertz, effective September 30, 2023 to pursue other opportunities.”
Debt Financings
HERTZ GLOBAL HOLDINGS, INC incurred debt of aggregate principal amount equal to $500,000,000 with The Bank of New York Mellon Trust Company, N.A. maturing March 2030.
“the Series 2023-4 Fixed Rate Rental Car Asset Backed Notes, Class A, Class B, Class C, and Class D, in an aggregate principal amount equal to $500,000,000”
Debt Financings
HERTZ GLOBAL HOLDINGS, INC incurred debt of aggregate principal amount equal to $500,000,000 with The Bank of New York Mellon Trust Company, N.A. maturing February 2028.
“the Series 2023-3 Fixed Rate Rental Car Asset Backed Notes, Class A, Class B, Class C and Class D, in an aggregate principal amount equal to $500,000,000”
Material Agreements
HERTZ GLOBAL HOLDINGS, INC entered into Series 2023-3 Supplement with The Bank of New York Mellon Trust Company, N.A. valued at $337,500,000 Series 2023-3 5.94% Rental Car Asset Backed Notes, Class A $55,000,000 Series 2023-3 6. (effective 2023-08-24).
“Series 2023-3 Supplement, dated as of August 24, 2023, among Hertz Vehicle Financing III LLC, as issuer, The Hertz Corporation, as administrator, and The Bank of New York Mellon Trust Company, N.A., as trustee.”
Kelly Galloway was appointed as Senior Vice President and Chief Accounting Officer at HERTZ GLOBAL HOLDINGS, INC.
“Kelly Galloway, 39, will replace Ms. Brooks as Senior Vice President and Chief Accounting Officer, as of the Effective Date.”
Alexandra Brooks was appointed as Executive Vice President, Chief Financial Officer at HERTZ GLOBAL HOLDINGS, INC.
“Hertz Global Holdings, Inc. (the “Company”) has appointed Alexandra Brooks, 53, as Executive Vice President, Chief Financial Officer, effective July 25 2023”
Earnings Releases
HERTZ GLOBAL HOLDINGS, INC reported Q2 2023 results: revenue $2.4 billion, net income $139 million, EPS $0.44 per diluted share.
“HIGHLIGHTS • Total revenues of $2.4 billion • GAAP net income of $139 million, a 6% margin, or $0.44 per diluted share • Adjusted Net Income of $227 million, or $0.72 per adjusted diluted share • Adjusted Corporate EBITDA of $347 million, a 14% margin”
Material Agreements
HERTZ GLOBAL HOLDINGS, INC amended Second Amended and Restated Series 2021-A Supplement with Deutsche Bank AG, New York Branch and The Bank of New York Mellon Trust Company, N.A. valued at $3.908 billion to $4.063 billion (effective 2023-06-28).
“On June 28, 2023, Hertz Vehicle Financing III LLC (“HVF III”), a wholly-owned, special-purpose and bankruptcy remote subsidiary of The Hertz Corporation (“THC”), and THC entered into a Second Amended and Restated Series 2021-A Supplement”
Shareholder Votes
HERTZ GLOBAL HOLDINGS, INC shareholders approved Advisory Vote on the Frequency of Advisory Votes on Executive Compensation at the 2023-05-17 meeting.
“The Company’s stockholders approved, on a non-binding, advisory basis, the frequency of one year for the advisory vote on compensation of the Company’s named executive officers. The voting results were as follows: 1 Year 2 Years 3 Years Abstain Broker Non-Votes 253,224,611 5,059,378 1,496,636 159,445 22,927,635”
Shareholder Votes
HERTZ GLOBAL HOLDINGS, INC shareholders approved Advisory Vote to Approve Executive Compensation at the 2023-05-17 meeting.
“The Company’s stockholders approved, on a non-binding, advisory basis, a resolution approving the Company’s named executive officers’ compensation. The voting results were as follows: For Against Abstain Broker Non-Votes 222,391,796 37,037,954 510,320 22,927,635”
Shareholder Votes
HERTZ GLOBAL HOLDINGS, INC shareholders approved Ratification of the Appointment of Ernst & Young LLP as the Company’s Independent Auditor for Fiscal 2023 at the 2023-05-17 meeting.
“The Company’s stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year 2023. The voting results were as follows: For Against Abstain 282,538,880 260,114 68,711”
Shareholder Votes
HERTZ GLOBAL HOLDINGS, INC shareholders approved Election of Directors at the 2023-05-17 meeting.
“The Company’s stockholders elected the following nominees to the Board of Directors, each for a three-year term. For each nominee, the voting results were as follows: Nominee For Withheld Broker Non-Votes Jennifer Feikin 226,540,500 33,399,570 22,927,635 Mark Fields 252,956,080 6,983,990 22,927,635 Evangeline Vougessis 242,056,238 17,883,832 22,927,635”
Alexandra Brooks was appointed as interim Chief Financial Officer at HERTZ GLOBAL HOLDINGS, INC.
“The Company has appointed Alexandra Brooks, 52, Senior Vice President and Chief Accounting Officer to the additional role of interim Chief Financial Officer, effective April 1, 2023.”
Kenny Cheung resigned as Executive Vice President, Chief Financial Officer at HERTZ GLOBAL HOLDINGS, INC.
“Kenny Cheung, Executive Vice President, Chief Financial Officer of Hertz Global Holdings, Inc. (the “Company”) informed the Company on March 21, 2023 of his intent to resign from the Company, effective April 14, 2023 to pursue another opportunity.”
Material Agreements
HERTZ GLOBAL HOLDINGS, INC entered into Series 2023-2 Supplement with The Bank of New York Mellon Trust Company, N.A. valued at $300.0 million (effective 2023-03-02).
“• $300.0 million in aggregate principal amount of Series 2023-2 Rental Car Asset Backed Notes, Class A, Class B, Class C, Class D (collectively, the “ Series 2023-2 Notes ” and, together with the Series 2023-1 Notes, the “ Series 2023 Notes ”) issued pursuant to the Series 2023-2 Supplement (the “ Series 2023-2 Supplement ”), dated as of March 2, 2023, among HVF III, as issuer, Hertz, as administrator, and BNYM, as trustee, to the Base Indenture.”
Material Agreements
HERTZ GLOBAL HOLDINGS, INC entered into Series 2023-1 Supplement with The Bank of New York Mellon Trust Company, N.A. valued at $460.0 million (effective 2023-03-02).
“• $460.0 million in aggregate principal amount of Series 2023-1 Rental Car Asset Backed Notes, Class A, Class B, Class C, Class D (collectively, the “ Series 2023-1 Notes ”), issued pursuant to the Series 2023-1 Supplement (the “ Series 2023-1 Supplement ”), dated as of March 2, 2023, among HVF III, as issuer, Hertz, as administrator, and The Bank of New York Mellon Trust Company, N.A. (“ BNYM ”), as trustee, to the Base Indenture (as amended by Amendment No. 1 to the Base Indenture, dated as of June 27, 2022, which was previously filed as Exhibit 10.3 to Hertz’s Quarterly Report on Form 10-Q filed on July 28, 2022, the “ Base Indenture ”), dated as of June 29, 2021, which was previously filed as Exhibit 10.7 to Hertz’s Current Report on Form 8-K filed on July 7, 2021, and”
Earnings Releases
HERTZ GLOBAL HOLDINGS, INC reported full year 2022 results: revenue $8.7 billion, net income $2.1 billion, EPS $3.36 per diluted share.
“EBITDA of $309 million, a 15% margin • Operating cash flow of $277 million • Adj. operating cash flow of $156 million; adj. free cash flow of $424 million FY 2022 • Revenue of $8.7 billion • Record GAAP net income of $2.1 billion, or $3.36 per diluted share • Record adjusted net income of $1.5 billion, or $3.74 per diluted share • Record Adjusted Corporate EBITDA”
Earnings Releases
HERTZ GLOBAL HOLDINGS, INC reported fourth quarter 2022 results: revenue $2.0 billion, net income $116 million, EPS $(0.01) per diluted share.
“("Hertz", "Hertz Global" or the "Company") today reported results for its fourth quarter and full year 2022. For the fourth quarter 2022, the Company generated total revenues of $2.0 billion, up 4% from the fourth quarter of 2021, and up 7% on a constant currency basis. RPD and RPU were at fourth quarter record levels and volume was up 3% led by post-pandemic demand”
Jeffrey Nedelman was elected as Director at HERTZ GLOBAL HOLDINGS, INC.
“the Board increased the number of directors on the Board from 9 to 10 and elected Fran Bermanzohn and Jeffrey Nedelman to serve as directors of the Company.”
Fran Bermanzohn was elected as Director at HERTZ GLOBAL HOLDINGS, INC.
“the Board increased the number of directors on the Board from 9 to 10 and elected Fran Bermanzohn and Jeffrey Nedelman to serve as directors of the Company.”
Greg O’Hara resigned as Chairperson of the Board at HERTZ GLOBAL HOLDINGS, INC.
“Mr. O’Hara resigned as a director and as Chairperson of the Board.”
Stephen Scherr was elected as Chairperson of the Board at HERTZ GLOBAL HOLDINGS, INC.
“elected Stephen Scherr to replace Greg O’Hara as Chairperson of the Board in addition to Mr. Scherr’s role as Chief Executive Officer”
Material Agreements
HERTZ GLOBAL HOLDINGS, INC amended Guarantee (effective 2022-12-21).
“In connection with the Amendments, each of the Issuer Facility Agreement, the MDCA and the Guarantee was amended effective as of December 21, 2022.”
Material Agreements
HERTZ GLOBAL HOLDINGS, INC amended Master Definitions and Constructions Agreement (effective 2022-12-21).
“In connection with the Amendments, each of the Issuer Facility Agreement, the MDCA and the Guarantee was amended effective as of December 21, 2022.”
Material Agreements
HERTZ GLOBAL HOLDINGS, INC amended Issuer Facility Agreement with BNPP Paribas Trust Corporation UK Limited and Credit Agricole Corporate and Investment Bank valued at €1.1 billion (effective 2022-12-21).
“In connection with the Amendments, each of the Issuer Facility Agreement, the MDCA and the Guarantee was amended effective as of December 21, 2022.”
Earnings Releases
HERTZ GLOBAL HOLDINGS, INC reported third quarter 2022 results: revenue $2.5 billion, net income $577 million, EPS $1.33 per diluted share.
“HERTZ REPORTS THIRD QUARTER 2022 RESULTS: REVENUE OF $2.5 BILLION, NET INCOME OF $577 MILLION, ADJUSTED CORPORATE EBITDA OF $618 MILLION, OPERATING CASH FLOW OF $932 MILLION AND ADJUSTED FREE CASH FLOW OF $505 MILLION”
Angela Brav departed as President of International at HERTZ GLOBAL HOLDINGS, INC.
“Effective April 19, 2022, Angela Brav will no longer serve as President of International of Hertz Global Holdings, Inc. and its wholly-owned subsidiary, The Hertz Corporation.”
M. David Galainena departed as Executive Vice President, General Counsel and Secretary at HERTZ GLOBAL HOLDINGS, INC.
“M. David Galainena is retiring from his position as the Company’s Executive Vice President, General Counsel and Secretary”
Mark Fields changed role as Interim Chief Executive Officer at HERTZ GLOBAL HOLDINGS, INC.
“Mark Fields will step down from his role as Interim Chief Executive Officer, effective as of Mr. Scherr's start date.”
Stephen M. Scherr was appointed as Director at HERTZ GLOBAL HOLDINGS, INC.
“Mr. Scherr will also be appointed to the Board effective upon his commencing employment with the Company.”
Stephen M. Scherr was appointed as Chief Executive Officer at HERTZ GLOBAL HOLDINGS, INC.
“appointed Stephen M. Scherr as Chief Executive Officer of the Company, effective as of February 28, 2022.”
Christopher Lahoud resigned as Director at HERTZ GLOBAL HOLDINGS, INC.
“On December 22, 2021, Christopher Lahoud resigned from the Board of Directors of Hertz Global Holdings, Inc. (the “Company”),”
Evelina Vougessis Machas was elected as director at HERTZ GLOBAL HOLDINGS, INC.
“On September 30, 2021, the Board of Directors (the “Board”) of Hertz Global Holdings, Inc. (the “Company”) elected Evelina Vougessis Machas to serve as a director of the Company.”
Paul E. Stone was appointed as Chief Operating Officer at HERTZ GLOBAL HOLDINGS, INC.
“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.”
Paul E. Stone resigned as Director at HERTZ GLOBAL HOLDINGS, INC.
“Paul E. Stone resigned as Chief Executive Officer of the Company, and also resigned from the Board, in each case effective October 5, 2021.”
Paul E. Stone resigned as Chief Executive Officer at HERTZ GLOBAL HOLDINGS, INC.
“Paul E. Stone resigned as Chief Executive Officer of the Company, and also resigned from the Board, in each case effective October 5, 2021.”
Mark Fields was appointed as interim Chief Executive Officer at HERTZ GLOBAL HOLDINGS, INC.
“appointed Mark Fields as the Company's interim Chief Executive Officer ("Interim CEO") effective as of October 5, 2021”
Opal Perry resigned as Chief Information Officer at HERTZ GLOBAL HOLDINGS, INC.
“On September 9, 2021, Opal Perry resigned from her position as Chief Information Officer of Hertz Global Holdings, Inc and its wholly owned subsidiary, The Hertz Corporation, effective as of September 10, 2021, to pursue other opportunities.”
Jennifer Feikin was elected as director at HERTZ GLOBAL HOLDINGS, INC.
“Effective on July 29, 2021, the Board of Directors of Hertz Global Holdings, Inc. (the “Company”) elected Jennifer Feikin to serve as a director of the Company.”
Mark Fields was appointed as Director at HERTZ GLOBAL HOLDINGS, INC.
“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);”
Paul Stone was appointed as Chief Executive Officer at HERTZ GLOBAL HOLDINGS, INC.
“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);”
Vincent Intrieri was appointed as Director at HERTZ GLOBAL HOLDINGS, INC.
“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);”
Christopher Lahoud was appointed as Preferred Stock Director at HERTZ GLOBAL HOLDINGS, INC.
“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);”
Andrew Shannahan was appointed as Director at HERTZ GLOBAL HOLDINGS, INC.
“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);”
Colin Farmer was appointed as Director at HERTZ GLOBAL HOLDINGS, INC.
“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);”
Thomas Wagner was appointed as Vice Chair at HERTZ GLOBAL HOLDINGS, INC.
“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);”
M. Gregory O’Hara was appointed as Chair at HERTZ GLOBAL HOLDINGS, INC.
“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);”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.