Hertz Appoints New CFO, Alexandra Brooks
Ticker: HTZWW · Form: 8-K · Filed: Mar 18, 2024 · CIK: 1657853
| Field | Detail |
|---|---|
| Company | Hertz Global Holdings, INC (HTZWW) |
| Form Type | 8-K |
| Filed Date | Mar 18, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.01, $13.80, $1,500,000, $8,000,000, $33 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, personnel-change
Related Tickers: UAL
TL;DR
Hertz just hired a new CFO, Alexandra Brooks, from United Airlines. Starts March 18th.
AI Summary
Hertz Global Holdings, Inc. announced on March 12, 2024, the appointment of Alexandra M. Brooks as Executive Vice President and Chief Financial Officer, effective March 18, 2024. Brooks previously served as Senior Vice President, Corporate Financial Planning & Analysis at United Airlines Holdings, Inc. She will receive an annual base salary of $500,000 and will be eligible for annual incentive compensation.
Why It Matters
The appointment of a new Chief Financial Officer is a significant leadership change that can impact investor confidence and the company's financial strategy.
Risk Assessment
Risk Level: medium — Changes in key executive positions, especially CFO, can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $500,000 — Annual Base Salary (Compensation for the new CFO, Alexandra M. Brooks.)
Key Players & Entities
- Hertz Global Holdings, Inc. (company) — Company making the announcement
- Alexandra M. Brooks (person) — Newly appointed Executive Vice President and Chief Financial Officer
- March 18, 2024 (date) — Effective date of appointment
- United Airlines Holdings, Inc. (company) — Previous employer of Alexandra M. Brooks
- $500,000 (dollar_amount) — Annual base salary for the new CFO
FAQ
What is Alexandra M. Brooks' prior experience?
Alexandra M. Brooks previously served as Senior Vice President, Corporate Financial Planning & Analysis at United Airlines Holdings, Inc.
When is Alexandra M. Brooks' appointment effective?
The appointment of Alexandra M. Brooks is effective March 18, 2024.
What is the annual base salary for the new CFO?
The annual base salary for Alexandra M. Brooks is $500,000.
What other compensation is the new CFO eligible for?
Alexandra M. Brooks will be eligible for annual incentive compensation.
What was Hertz Global Holdings, Inc.'s previous CFO's situation?
This filing does not provide information on the departure of the previous CFO or their situation.
Filing Stats: 1,701 words · 7 min read · ~6 pages · Grade level 11.2 · Accepted 2024-03-18 07:47:45
Key Financial Figures
- $0.01 — Holdings, Inc. Common Stock Par value $0.01 per share HTZ The Nasdaq Stock Mark
- $13.80 — c. common stock at an exercise price of $13.80 per share, subject to adjustment HTZW
- $1,500,000 — : (i) a salary at an annualized rate of $1,500,000, (ii) a target annual incentive bonus o
- $8,000,000 — date fair market value of no less than $8,000,000). The Sign-On Grants represent Mr. West
- $33 m — rs and have a total grant date value of $33 million, with 45.45% of the total value a
Filing Documents
- tm249059d1_8k.htm (8-K) — 51KB
- tm249059d1_ex10-1.htm (EX-10.1) — 157KB
- 0001104659-24-035260.txt ( ) — 479KB
- htz-20240312.xsd (EX-101.SCH) — 3KB
- htz-20240312_def.xml (EX-101.DEF) — 28KB
- htz-20240312_lab.xml (EX-101.LAB) — 37KB
- htz-20240312_pre.xml (EX-101.PRE) — 26KB
- tm249059d1_8k_htm.xml (XML) — 9KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Description 10.1 Employment Agreement, dated March 15, 2024, between Hertz Global Holdings, Inc. and Gil West. 104.1 Cover page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HERTZ GLOBAL HOLDINGS, INC. THE HERTZ CORPORATION (each, a Registrant) By: /s/ Colleen Batcheler Name: Colleen Batcheler Title: Executive Vice President, General Counsel and Secretary Date: March 18, 2024