# EDGAR Filing Document

**Accession Number:** 0000047129
**File Stem:** 0001657853-23-000010
**Filing Date:** 2023-1
**Character Count:** 12665
**Document Hash:** 9aa3bcdec059b613b473362d0c0f2850
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001657853-23-000010.hdr.sgml**: 20230118

**ACCESSION NUMBER**: 0001657853-23-000010

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230113

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230118

**DATE AS OF CHANGE**: 20230118

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HERTZ GLOBAL HOLDINGS, INC
- **CENTRAL INDEX KEY:** 0001657853
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-AUTO RENTAL & LEASING (NO DRIVERS) [7510]
- **IRS NUMBER:** 611770902
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37665
- **FILM NUMBER:** 23533011

**BUSINESS ADDRESS:**
- **STREET 1:** 8501 WILLIAMS ROAD
- **STREET 2:** 3RD FLOOR
- **CITY:** ESTERO
- **STATE:** FL
- **ZIP:** 33928
- **BUSINESS PHONE:** (239) 301-7000

**MAIL ADDRESS:**
- **STREET 1:** 8501 WILLIAMS ROAD
- **STREET 2:** 3RD FLOOR
- **CITY:** ESTERO
- **STATE:** FL
- **ZIP:** 33928

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Hertz Rental Car Holding Company, Inc.
- **DATE OF NAME CHANGE:** 20151109
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HERTZ CORP
- **CENTRAL INDEX KEY:** 0000047129
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-AUTO RENTAL & LEASING (NO DRIVERS) [7510]
- **IRS NUMBER:** 131938568
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-07541
- **FILM NUMBER:** 23533012

**BUSINESS ADDRESS:**
- **STREET 1:** 8501 WILLIAMS ROAD
- **CITY:** ESTERO
- **STATE:** FL
- **ZIP:** 33928
- **BUSINESS PHONE:** (239) 301-7000

**MAIL ADDRESS:**
- **STREET 1:** 8501 WILLIAMS ROAD
- **CITY:** ESTERO
- **STATE:** FL
- **ZIP:** 33928

?xml version="1.0" ? htz-20230113

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **January 13, 2023**

**HERTZ GLOBAL HOLDINGS, INC.** 

**THE HERTZ CORPORATION** 

(Exact name of registrant as specified in its charter)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Delaware** | **001-37665** | **001-37665** | **001-37665** | **61-1770902** |
| **Delaware** | **001-07541** | **001-07541** | **001-07541** | **13-1938568** |
| (State or other jurisdiction of<br>incorporation) | (Commission File Number) | (Commission File Number) | (Commission File Number) | (I.R.S. Employer Identification No.) |
|  | **8501 Williams Road** | **8501 Williams Road** | **8501 Williams Road** |  |
|  | **Estero,** | **Florida** | **33928** |  |
|  | **239** | **301-7000** | **301-7000** |  |
|  | (Address, including Zip Code, and <br>telephone number, including area code, <br>of registrant's principal executive offices) | (Address, including Zip Code, and <br>telephone number, including area code, <br>of registrant's principal executive offices) | (Address, including Zip Code, and <br>telephone number, including area code, <br>of registrant's principal executive offices) |  |
|  | **Not Applicable** | **Not Applicable** | **Not Applicable** |  |
|  | **Not Applicable** | **Not Applicable** | **Not Applicable** |  |
|  | (Former name, or former address, if changed since last report.) | (Former name, or former address, if changed since last report.) | (Former name, or former address, if changed since last report.) |  |

---

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

---

| | | | |
|:---|:---|:---|:---|
| **Securities registered pursuant to Section 12(b) of the Act:** | **Securities registered pursuant to Section 12(b) of the Act:** | **Securities registered pursuant to Section 12(b) of the Act:** | **Securities registered pursuant to Section 12(b) of the Act:** |
| | **Title of Each Class** | **Trading Symbol(s)** | **Name of Each Exchange on which Registered** |
| Hertz Global Holdings, Inc. | Common Stock per value $0.01 per share | HTZ | Nasdaq Global Select Market |
|  | Warrants to purchase Common Stock | HTZWW | Nasdaq Global Select Market |
| The Hertz Corporation |  |  |  |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

------

**Item 5.02&nbsp;&nbsp;&nbsp;&nbsp;Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.** 

Effective January 17, 2023, the Board of Directors of Hertz Global Holdings, Inc. (the "Company") elected Stephen Scherr to replace Greg O'Hara as Chairperson of the Board in addition to Mr. Scherr's role as Chief Executive Officer for the Company. Effective the same date, Mr. O'Hara resigned as a director and as Chairperson of the Board. Mr. O'Hara's resignation did not result from any disagreement with the Company.

In addition, effective January 17, 2023, 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. Ms. Bermanzohn is expected to join the Board's Audit Committee effective February 15, 2023.

Upon joining the Board, Ms. Bermanzohn will be entitled to receive compensation under the Company's Directors Compensation Policy as set forth in Exhibit 10.24 to the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on February 23, 2022 and described in the Company's Definitive Proxy Statement on Schedule 14A filed with the SEC on April 8, 2022. Pursuant to the Directors Compensation Policy as a director associated with Certares, Mr. Nedelman will receive $1 annually for serving as a member of the Board.

Ms. Bermanzohn and Mr. Nedelman have each entered into an Indemnification Agreement with the Company in the same form as its other directors have entered, which is filed with the SEC as Exhibit 10.10 to its Current Report on Form 8-K filed on July 7, 2021.

There are no arrangements or understandings between Ms. Bermanzohn or Mr. Nedelman and any other person pursuant to which either she or he was elected as a director, and neither has entered into or proposed to enter into any transactions required to be reported under Item 404(a) of Regulation S-K.

**Item 7.01&nbsp;&nbsp;&nbsp;&nbsp;Regulation FD Disclosure.** 

On January 18, 2023, the Company issued a press release, a copy of which is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

In accordance with General Instruction B.2 of Form 8-K, the information included in this Item 7.01 and Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise be subject to the liabilities of Section 18 of the Exchange Act. The information in this Item 7.01 and Exhibit 99.1 hereto shall not be incorporated by reference into any filing or other document filed by the Company with the SEC pursuant to the Securities Act of 1933, as amended, the rules and regulations of the SEC thereunder, the Exchange Act, or the rules and regulations of the SEC thereunder, except as shall be expressly set forth by specific reference in such filing or document.

------

**Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

(d) Exhibits

---

| | |
|:---|:---|
| **Exhibit** | **Description** |
| 99.1 | <u>[Press Release of Hertz Global Holdings, Inc. dated January 18, 2023.](exhibit991pressrelease11823.htm)</u>  |
| 104.1 | Cover page Interactive Data File (embedded within the Inline XBRL document) |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | **HERTZ GLOBAL HOLDINGS, INC.<br>THE HERTZ CORPORATION** | **HERTZ GLOBAL HOLDINGS, INC.<br>THE HERTZ CORPORATION** |
| | (each, a Registrant) | (each, a Registrant) |
| Date: January 18, 2023 | By: | <u>/s/ Colleen Batcheler_____________________________</u> |
|  | Name: | Colleen Batcheler  |
|  | Title: | Executive Vice President, General Counsel and Secretary  |

---

## Exhibit 99.1

&nbsp;&nbsp;&nbsp;&nbsp;

**HERTZ ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS**

*Michael Gregory (Greg) O'Hara to Step Down; CEO Stephen Scherr Appointed Board Chair;*

*Fran Bermanzohn and Jeff Nedelman Join* 

ESTERO, Fla., Jan 18, 2023 – Hertz Global Holdings, Inc. (NASDAQ: HTZ) announced today certain changes to the composition of its Board of Directors, effective immediately.

Greg O'Hara, founder and Senior Managing Director of Certares and current Chair of the Hertz Board, is stepping down from the Board. Certares and Knighthead were the principals that led Hertz through reorganization. Thomas Wagner, Managing Partner of Knighthead, will remain on the Board as Vice Chair and Colin Farmer, Senior Managing Director at Certares, will continue to stand as Lead Director.

Stephen Scherr, Chief Executive Officer of Hertz, will assume the position of Board Chair. Along with this change, Fran Bermanzohn, former Deputy General Counsel at Goldman Sachs, and Jeffrey Nedelman, a Senior Managing Director at Certares, will join the Board as independent directors.

"It has been a pleasure serving on the Hertz Board for the last 18 months and supporting the company's launch of its new strategic direction under Stephen's leadership," said Mr. O'Hara. "The Certares and Knighthead teams invested in Hertz in 2021 because we saw Hertz's unique position to capitalize on the changing mobility landscape. I have tremendous confidence in Stephen and the Board's ability to provide the leadership necessary to realize our thesis."

"We have made considerable progress since I joined Hertz last February. With the talented leadership team now assembled, we are well-positioned to execute on our core priorities of shared mobility, electrification, and a digital-first customer experience," said Mr. Scherr. "I am honored to chair this highly qualified Board, and with the addition of Fran and Jeff, the Board is increasingly more independent and diverse in its composition."

The changes announced today increase the size of the Hertz Board of Directors to ten members and the number of independent directors to eight. A full list of Hertz's Board members and their biographies can be found here: https://ir.hertz.com/about/board-of-directors.

**ABOUT HERTZ**

The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc., operates the Hertz, Dollar and Thrifty vehicle rental brands throughout North America, Europe, the Caribbean, Latin America, Africa, the Middle East, Asia, Australia and New Zealand. The Hertz Corporation is one of the largest worldwide vehicle rental companies, and the Hertz brand is one of the most recognized globally. Additionally, The Hertz Corporation operates the Firefly vehicle rental brand and Hertz 24/7 car sharing business in international markets and sells vehicles through Hertz Car Sales.

**Media Contact: Investor Contact:**

Mickey Mandelbaum / John Perilli / Anne Hart Johann Rawlinson

Prosek Partners for Hertz johann.rawlinson@hertz.com

pro-hertz@prosek.com

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