Current Report Filing (8-k)
15 Juni 2022 - 1:38PM
Edgar (US Regulatory)
00016578530000047129falseFALSE00016578532022-06-142022-06-140001657853htz:TheHertzCorporationMember2022-06-142022-06-140001657853us-gaap:CommonStockMember2022-06-142022-06-140001657853us-gaap:WarrantMember2022-06-142022-06-14
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): June 14, 2022
HERTZ GLOBAL HOLDINGS, INC.
THE HERTZ CORPORATION
(Exact name of registrant as specified in its charter)
| | | | | | | | | | | | | | | | | | | | |
| Delaware | | 001-37665 | | 61-1770902 |
| Delaware | | 001-07541 | | 13-1938568 |
(State or other jurisdiction of
incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification No.) |
| | | | | | |
| | 8501 Williams Road | | |
| | Estero, | Florida | 33928 | | |
| | 239 | 301-7000 | | |
| | (Address, including Zip Code, and
telephone number, including area code,
of registrant's principal executive offices) | | |
| | | | | | |
| | Not Applicable | | |
| | Not Applicable | | |
| | (Former name, former address and
former fiscal year, 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:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ 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: |
| | 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 | | None | | None | | None |
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. o
Item 8.01 Other Events.
On June 14, 2022, the Board of Directors of Hertz Global Holdings, Inc. (the "Company") authorized a new share repurchase program of up to $2.0 billion of the Company's outstanding common stock. The new authorization is effective immediately and is in addition to the $2.0 billion share repurchase program announced in November 2021.
Repurchases may be made at management's discretion through a variety of methods, such as open-market transactions (including pre-set trading plans), privately negotiated transactions, accelerated share repurchases and other transactions in accordance with applicable securities laws. The program has no time limit. The share repurchase authorization does not obligate the Company to acquire any particular amount of common stock and can be discontinued at any time. There can be no assurance as to the timing or number of shares of any repurchases.
A copy of the Company's press release dated June 15, 2022 announcing the authorization is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| | | | | | | | |
Exhibit | | Description |
| |
| | |
| 104.1 | | Cover page Interactive Data File (embedded within the Inline XBRL document)
|
SIGNATURE
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.
THE HERTZ CORPORATION |
| (each, a Registrant) |
| | |
| Date: June 15, 2022 | By: | /s/ Colleen Batcheler |
| Name: | Colleen Batcheler |
| Title: | Executive Vice President, General Counsel and Secretary |
Hertz Global (NYSE:HTZ)
Historical Stock Chart
Von Dez 2024 bis Jan 2025
Hertz Global (NYSE:HTZ)
Historical Stock Chart
Von Jan 2024 bis Jan 2025
