Every 8-K that Hertz Global Holdings, Inc (HTZ) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow HTZ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HTZ filings page.
HERTZ GLOBAL HOLDINGS, INC. (HTZ) reported executive leadership changes as part of a new Platform Operating Model that organizes the business around four areas: Rental, Fleet, Service, and Oro Mobility. Effective September 9, 2026, Michael Moore was appointed President, Service Division, and Chris Berg was appointed President, Rental Division.
Both executives previously held senior roles at Hertz, with Michael Moore serving as Executive Vice President and Chief Operating Officer, and Chris Berg serving as Executive Vice President, Fleet Management, before these appointments.
Hertz Global Holdings, Inc. (HTZ), through wholly owned subsidiary Hertz Vehicle Financing III LLC, entered into material financing transactions by issuing two new series of rental car asset backed notes to third parties and related Class E notes purchased by The Hertz Corporation.
The Series 2026-3 Fixed Rate Rental Car Asset Backed Notes total $357,750,000 across Classes A–D sold to unaffiliated investors, plus Class E of $17,250,000 purchased by The Hertz Corporation, with expected final payment in February 2030 and legal final payment in February 2031. The Series 2026-4 Notes total $477,000,000 across Classes A–D, plus Class E of $23,000,000 purchased by The Hertz Corporation, with expected final payment in February 2032 and legal final payment in February 2033.
The structure is tranched, with each lower class subordinated to the more senior classes. Unless an amortization event occurs, HVF III is not required to pay principal until September 2029 for Series 2026-3 and September 2031 for Series 2026-4, after which one-sixth of initial principal is expected to be paid annually. Net proceeds were used in part to repay HVF III’s Series 2021-A variable funding notes and are expected to fund acquisition or refinancing of vehicles under its leasing structure, with potential excess proceeds distributable to The Hertz Corporation.
Hertz Global Holdings, Inc. (HTZ) entered into an amended and restated voting agreement with CK Amarillo LP in connection with settlement of the Cascia v. Farmer litigation. The agreement governs how CK Amarillo votes its ownership stake once its voting power exceeds a specified threshold.
CK Amarillo agreed that any voting power above 45% of Hertz’s total outstanding voting securities (the “Excess Voting Securities”) will be voted in the same proportion as all other stockholder votes or consents, excluding broker non-votes and excluding CK Amarillo’s own votes when determining that proportion. CK Amarillo may vote any non-excess securities at its discretion.
The parties also added a sale of control provision: if CK Amarillo sells 50% or more of Hertz’s outstanding common stock to a third party at a price above the defined Market Price, CK Amarillo must pay other common stockholders an amount based on the percentage of shares sold and the excess of the sale price over Market Price. The agreement terminates when CK Amarillo and its affiliates collectively own under 45% of voting securities and, in addition, after Hertz either completes or terminates its stock repurchase programs authorized in 2021 and 2022.
Hertz Global Holdings reported stronger results for the quarter ended June 30, 2026. Revenue rose 10% to $2.4 billion, driven by a 9% increase in total Revenue per Day (RPD) to $61.98 and an 8% rise in Revenue per Unit (RPU) per month to $1,542, despite operating with a 1% smaller average vehicle fleet.
The company generated GAAP net income of $64 million (diluted EPS $0.05), a sharp improvement from a $294 million loss a year earlier, while still posting an adjusted net loss of $47 million (adjusted diluted EPS $(0.11)). Adjusted Corporate EBITDA improved to $81 million from $18 million, with margin increasing to 3%. Utilization reached 79%, and the spread between RPD and direct operating expense per day widened 17% year over year. Liquidity stood at $984 million, and Hertz issued $350 million of Exchangeable First Lien Notes due 2030, later upsized by $30 million via a greenshoe.
Hertz Global Holdings and The Hertz Corporation completed a financing deal involving new exchangeable debt and a related share offering structure. Hertz Corp. issued $350 million of 6.75% Exchangeable Senior First-Lien Secured PIK Notes due 2030, with initial purchasers able to buy up to an additional $50 million. The notes pay interest partly in cash and partly by adding to principal, and can be exchanged into cash, stock, or a mix at Hertz Corp.’s election.
The initial exchange rate is 279.5248 shares per $1,000 of notes, subject to adjustment and a cap of 63,457,320 shares before shareholder approval. Based on a higher maximum exchange rate, initially up to 148,226,268 shares of common stock may be issued on exchange, or up to 169,401,449 shares if the option to sell additional notes is fully exercised. Separately, Hertz entered into an agreement under which underwriters sold 37,037,037 borrowed shares at $2.70 per share, with those shares loaned by the company under a secured share lending arrangement.
Hertz Global Holdings announced two linked capital markets transactions. The company priced a SEC-registered offering of 37,037,037 shares of common stock at $2.70 per share. These shares are being lent to J.P. Morgan Securities LLC under a share lending agreement, and the underwriter or its affiliates will receive all offering proceeds, while Hertz only earns a nominal lending fee and will later receive the shares back.
Separately, Hertz’s subsidiary, The Hertz Corporation, priced $350 million aggregate principal amount of 6.75% Exchangeable Senior First-Lien Secured PIK Notes due 2030, upsized from a previously announced $300 million. Estimated net proceeds are about $339.5 million (or $388.0 million if the option for an additional $50 million of notes is fully exercised), to be used to repay borrowings under its revolving credit facility and for general corporate purposes. The notes are exchangeable into cash, Hertz common stock, or a combination, at an initial exchange rate of 279.5248 shares per $1,000 principal (about $3.58 per share), with potential equity issuance capped at 19.9% of shares outstanding prior to the notes offering unless shareholders approve a larger issuance.
Hertz Global Holdings plans two linked financings. The company intends a SEC-registered offering of common stock with an aggregate public offering price of $100 million, using a share lending structure in which J.P. Morgan Securities LLC borrows the shares and receives all offering proceeds, paying Hertz only a nominal lending fee and later returning the shares.
Separately, wholly owned subsidiary The Hertz Corporation intends to offer $300 million in aggregate principal amount of Exchangeable Senior First-Lien Secured PIK Notes due 2030 in a private offering to qualified institutional buyers, with an option for purchasers to buy up to an additional $45 million of notes. Hertz Corp. plans to use net proceeds for general corporate purposes, which may include repaying outstanding debt. The notes will bear semiannual cash and PIK interest, be guaranteed and secured on a first-lien basis alongside existing first-lien debt, and be exchangeable into cash, Hertz common stock, or a combination, with stock issuance from exchanges capped at 19.9% of pre-offering shares unless shareholders approve a larger issuance.
Hertz Global Holdings provided a preliminary update for its second quarter of 2026. The company expects fleet size, revenue, revenue per day (RPD) and rental days to align with or slightly exceed earlier expectations, helped by healthy demand and better-than-expected capacity utilization, with year-over-year RPD growth accelerating versus the first quarter.
However, unexpected softness in the used car market led to losses on vehicle sales in May 2026 compared with gains in April, pressuring net depreciation per unit (net DPU). Hertz now believes second quarter net DPU per month will be approximately $300, and it expects Adjusted Corporate EBITDA in a range of $50–$80 million, within margin expectations but toward the lower end of its prior second quarter range. Management emphasized these figures are unaudited, preliminary and subject to change once the quarter closes and normal accounting procedures are completed.
Hertz Global Holdings, Inc. and The Hertz Corporation disclosed that their subsidiary Hertz Vehicle Financing III LLC issued two new series of fixed-rate rental car asset backed notes to third-party investors. Each of the Series 2026-1 and Series 2026-2 offerings totals $500,000,000 in principal across Class A through Class E tranches.
Class A notes for both series are the largest tranches at $327,000,000 each, with interest rates of 5.09% for Series 2026-1 and 5.40% for Series 2026-2, and the lower classes carry higher interest rates and are subordinated to the more senior classes. Expected final payment dates range from November 2029 for Series 2026-1 to November 2031 for Series 2026-2, with legal final payment dates one year later.
HVF III is not required to repay principal until June 2029 for Series 2026-1 and June 2031 for Series 2026-2, after which principal is scheduled to amortize in six equal installments, subject to earlier repayment if amortization events occur. Net proceeds were used in part to repay HVF III’s Series 2021-A variable funding rental car asset backed notes, with remaining funds expected to support future vehicle acquisitions or refinancing for Hertz’s U.S. rental car fleet.
Hertz Global Holdings held its 2026 Annual Meeting of Stockholders on May 28, 2026. Stockholders elected two directors to serve until the 2029 annual meeting: Lucy Clark Dougherty received 230,551,398 votes for and 2,505,973 withheld, and Evangeline Vougessis received 207,688,995 votes for and 25,368,376 withheld, with 35,901,397 broker non-votes for each nominee.
Stockholders also ratified Ernst & Young LLP as independent auditor for the fiscal year ending December 31, 2026, with 266,186,337 votes for, 2,332,765 against, and 439,666 abstaining. In addition, they approved, on a non-binding advisory basis, the compensation of named executive officers, with 228,337,281 votes for, 3,869,272 against, 850,818 abstentions, and 35,901,397 broker non-votes.
Hertz Global Holdings reported first-quarter 2026 revenue of $2.0 billion, up 11% year over year, its strongest revenue growth in three years. The company still posted a GAAP net loss of $333 million, or $(1.06) per diluted share, though the loss narrowed from 2025.
Adjusted net loss improved to $224 million, with Adjusted Corporate EBITDA at $(161) million, nearly a 50% year-over-year improvement as pricing, asset efficiency, and cost control strengthened. Revenue per day rose 5% to $57.38, while Net Depreciation Per Unit per Month fell 13% to $312.
Vehicle recalls were about 300% higher, reducing utilization by roughly 200 basis points and cutting revenue by about $50 million, yet overall utilization held at 79%. Hertz ended the quarter with about $837 million of liquidity and later added roughly $200 million of financing.
The company also launched Oro Mobility, an affiliated operating company targeting driver-led and autonomous fleet management, and expanded its Hertz Car Sales digital presence through a new partnership with eBay, supporting its broader mobility and fleet platform strategy.
Hertz Global Holdings is expanding its asset-backed financing to support its rental car fleets in the U.S. and Europe. Hertz Vehicle Financing III issued new Class E Fixed Rate Rental Car Asset Backed Notes across multiple series with total principal of $221,421,000, carrying fixed interest rates between about 10.67% and 12.54%. About $22 million of these Class E Notes were purchased by affiliates of CK Amarillo LP, with the rest bought by third parties. The net proceeds are expected to fund future vehicle purchases or refinance existing fleet debt.
Hertz also extended the commitment termination date for its U.S. Series 2021-A variable funding Class A notes by one year to May 5, 2028, with a Class A maximum principal amount of $3.240 billion until May 7, 2027 and $2.980 billion thereafter. In Europe, affiliates amended their ABS program to extend the maturity of Class A, B and C notes to April 2028 and increase aggregate commitments to €1,293,062,500 for fleet financing in several countries.
Hertz Global Holdings, Inc. reported Q4 2025 revenue of $2.0 billion and full-year 2025 revenue of $8.5 billion, slightly below 2024. Net loss narrowed to $194 million in Q4 and $747 million for the year, significantly better than 2024’s $2.9 billion loss.
Adjusted Corporate EBITDA improved but remained negative at $(205) million in Q4 and $(339) million for 2025. Fleet efficiency strengthened, with vehicle utilization averaging 81% for the year and Depreciation Per Unit Per Month falling to $300, a 44% improvement. Liquidity totaled about $1.5 billion at year-end, while total net debt was $16.2 billion and stockholders’ equity showed a deficit.
Hertz Global Holdings (HTZ) furnished an update via Form 8-K, announcing financial results for the quarter ended September 30, 2025. The results were released in a press release dated November 4, 2025 and attached as Exhibit 99.1.
The information was furnished under Item 2.02 and is not deemed filed under the Exchange Act. The filing also lists exhibits under Item 9.01.
Hertz Global Holdings appointed Michael Moore as Executive Vice President and Chief Operating Officer effective September 30, 2025. Moore, who joined Hertz in July 2024 and most recently led Operations – North America, brings over 25 years of fleet operations and maintenance experience, including leadership roles at Delta Air Lines, Northwest Airlines, and Virgin Galactic.
Moore’s new compensation package includes a $650,000 annual base salary, eligibility for the annual executive incentive plan with a target award equal to 80% of base salary, and participation in the long‑term incentive plan with a target equity award of $1,500,000. He will also receive a one‑time restricted stock unit grant valued at $1,000,000, vesting in three equal annual installments, along with continued access to a Hertz service vehicle and standard executive benefits.
Hertz Global Holdings, Inc. filed an 8-K reporting an other event: a press release dated September 25, 2025 relating to the pricing of certain notes. The filing lists the company’s common stock (HTZ) and publicly traded warrants (HTZWW) exercisable for one share at an exercise price of $13.61 per share, subject to adjustment. The filing attaches the press release as Exhibit 99.1 and an interactive data cover page as Exhibit 104.1. The document identifies Scott M. Haralson as Executive Vice President and Chief Financial Officer signing on behalf of the registrants. The filing provides notice that a material financing-related pricing event occurred but contains no additional financial terms or note sizes in the text provided here.
Hertz Global Holdings, Inc. reported that its wholly owned indirect subsidiary, The Hertz Corporation, plans a private offering of $250 million aggregate principal amount of Exchangeable Senior Notes due 2030. The notes will be offered in a transaction exempt from the registration requirements of the Securities Act of 1933.
The company emphasized that the offering is subject to market and other conditions and to the satisfaction of customary closing requirements. A press release with further details was issued on September 24, 2025 and furnished as an exhibit. The company also included standard cautionary language about forward‑looking statements and related risks.
Hertz Global Holdings, Inc. and The Hertz Corporation disclosed that they will receive a pro rata settlement distribution of $154,054,348.07 in cash from their participation in the In re Automotive Parts Antitrust Litigation class action settlement. This represents a gross distribution of $171,171,497.85, reduced by fees owed to Hertz’s claims administrator, Class Action Capital Recovery, LLC. Hertz expects this settlement distribution to be paid on or around September 30, 2025, providing a significant one-time cash inflow unrelated to its core rental operations.