Herc Holdings (HRI) investors approve directors, executive pay and PwC at 2026 meeting
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Herc Holdings Inc. reported the results of its 2026 Annual Meeting of Stockholders held on May 14, 2026. Stockholders elected eight director nominees, each to serve a one-year term ending at the 2027 annual meeting.
Stockholders also approved, on a non-binding advisory basis, the compensation of the company’s named executive officers. In addition, they ratified the selection of PricewaterhouseCoopers LLP as Herc Holdings’ independent registered public accounting firm for 2026, confirming support for the company’s leadership, pay practices, and auditor.
Positive
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Negative
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8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Say-on-pay For votes: 29,517,952 votes
Say-on-pay Against votes: 695,489 votes
Auditor ratification For votes: 31,950,347 votes
+3 more
6 metrics
Say-on-pay For votes
29,517,952 votes
Advisory vote approving executive compensation
Say-on-pay Against votes
695,489 votes
Advisory vote on executive compensation
Auditor ratification For votes
31,950,347 votes
Ratification of PricewaterhouseCoopers LLP for 2026
Auditor ratification Against votes
77,724 votes
Ratification of PricewaterhouseCoopers LLP for 2026
For votes for Lawrence H. Silber
30,147,773 votes
Election of director for one-year term
For votes for Patrick D. Campbell
29,325,556 votes
Election of director for one-year term
Key Terms
Broker Non-Votes, non-binding advisory basis, independent registered public accounting firm, Emerging growth company, +1 more
5 terms
Broker Non-Votes financial
"For | Against | Abstain | Broker Non-Votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
non-binding advisory basis financial
"Stockholders approved, on a non-binding advisory basis, the compensation"
A non-binding advisory basis is guidance or a recommendation offered for informational purposes that does not create legal obligations or guarantees; recipients can accept, modify, or ignore it without contractual consequences. Investors should treat it like a weather forecast for planning—useful for forming expectations and assessing risk, but not a firm promise—so they should verify assumptions, seek confirming information, and avoid relying on it as the sole basis for investment decisions.
independent registered public accounting firm financial
"independent registered public accounting firm for 2026, with the following vote"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
Emerging growth company regulatory
"Emerging growth company 1 Item 5.07 Submission"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Annual Meeting of Stockholders regulatory
"The Company held its 2026 Annual Meeting of Stockholders on May 14, 2026."
FAQ
What did Herc Holdings (HRI) stockholders decide at the 2026 annual meeting?
Herc Holdings stockholders elected eight directors for one-year terms, approved executive compensation on an advisory basis, and ratified PricewaterhouseCoopers LLP as independent auditor for 2026. These results indicate broad support for the board slate, pay programs, and audit firm relationship.
Were all Herc Holdings (HRI) director nominees elected in 2026?
Yes. All eight director nominees, including Patrick D. Campbell, Lawrence H. Silber, and others, were elected to serve until the 2027 annual meeting. Each nominee received more votes "For" than "Against," with additional broker non-votes reported in the tally.
How did Herc Holdings (HRI) stockholders vote on executive compensation in 2026?
Stockholders approved Herc Holdings’ executive compensation on a non-binding advisory basis, with 29,517,952 votes "For," 695,489 "Against," and 15,949 "Abstain," plus 1,806,794 broker non-votes. This outcome reflects general shareholder support for the company’s named executive officer pay practices.
Which auditor did Herc Holdings (HRI) stockholders ratify for 2026?
Stockholders ratified PricewaterhouseCoopers LLP as Herc Holdings’ independent registered public accounting firm for 2026. The vote totaled 31,950,347 "For," 77,724 "Against," and 8,113 "Abstain," with no broker non-votes, showing strong backing for the existing audit relationship.
What were some individual director vote totals at Herc Holdings (HRI)?
Vote totals varied by director. For example, Lawrence H. Silber received 30,147,773 "For" votes and 72,309 "Against," while Patrick D. Campbell received 29,325,556 "For" and 729,258 "Against." Each director also had reported abstentions and 1,806,794 broker non-votes.