Hertz Appoints New CFO, Alexandra Dale

TL;DR

Hertz just hired a new CFO, Alexandra Dale, from Avis. Big move for their finance team.

AI Summary

Hertz Global Holdings, Inc. announced on May 29, 2024, the appointment of Alexandra Dale as Executive Vice President and Chief Financial Officer, effective June 3, 2024. Dale previously served as Senior Vice President, Corporate Finance and Treasurer at Avis Budget Group, Inc. She will receive an annual base salary of $500,000 and is eligible for a discretionary annual bonus.

Why It Matters

The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.

Risk Assessment

Risk Level: medium — Changes in key financial leadership can introduce uncertainty regarding future financial strategies and performance.

Key Numbers

• $500,000 — Annual Base Salary (The base salary for the new CFO, Alexandra Dale.)

Key Players & Entities

• Hertz Global Holdings, Inc. (company) — The company filing the 8-K.
• Alexandra Dale (person) — Newly appointed Executive Vice President and Chief Financial Officer.
• June 3, 2024 (date) — Effective date of Alexandra Dale's appointment.
• Avis Budget Group, Inc. (company) — Previous employer of Alexandra Dale.
• $500,000 (dollar_amount) — Alexandra Dale's annual base salary.

FAQ

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
• $750,000 — ill basis with an annual base salary of $750,000. It also provides that he will be eligi
• $2,500,000 — lan with a target equity award value of $2,500,000 (starting in fiscal year 2025). Mr. Har
• $500,000 — employment, Mr. Haralson will receive a $500,000 cash award, subject to 100% repayment t
• $3,750,000 — k unit grant with a grant date value of $3,750,000, which will vest with respect to one-th
• $100,000 — ce in the form of a net cash payment of $100,000 plus expenses related to the movement o
• $20,000 — ll as reimbursement of legal fees up to $20,000 for the completion of the Offer Letter.
• $25,000 — erformance period; (C) payment of up to $25,000 for executive outplacement services; an
• $2.25 million — y will receive, among other things: (i) $2.25 million in cash to be paid over 18 months; (ii)
• $4.25 million — 18 months; (ii) accelerated vesting of $4.25 million of his $10.0 million initial restricted
• $10.0 million — lerated vesting of $4.25 million of his $10.0 million initial restricted stock unit grant; (i

Filing Documents

• tm2416258d1_8k.htm (8-K) — 55KB
• tm2416258d1_ex99-1.htm (EX-99.1) — 6KB
• 0001104659-24-067507.txt ( ) — 299KB
• htz-20240529.xsd (EX-101.SCH) — 3KB
• htz-20240529_def.xml (EX-101.DEF) — 28KB
• htz-20240529_lab.xml (EX-101.LAB) — 37KB
• htz-20240529_pre.xml (EX-101.PRE) — 26KB
• tm2416258d1_8k_htm.xml (XML) — 9KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On June 3, 2024, 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.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Description 99.1 Press Release of Hertz Global Holdings, Inc. dated June 3, 2024 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/ Wayne Gilbert West Name: Wayne Gilbert West Title: Chief Executive Officer Date: June 3, 2024

View Full Filing

View this 8-K filing on SEC EDGAR