8-K

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): April 13, 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

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (239) 301-7000

N/A

N/A

(Former name or former address, 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 (see General Instruction A.2. below):

¨    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))

	Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Hertz Global Holdings, Inc.	Common Stock par 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. ¨

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 14, 2022, Hertz Global Holdings, Inc. (the “Company”) announced that M. David Galainena is retiring from his position as the Company’s Executive Vice President, General Counsel and Secretary, and all positions that he holds with subsidiaries of the Company, effective as of midnight May 19, 2022. Mr. Galainena will remain with the Company in a non-executive capacity through June 30, 2022, to facilitate the transition of his duties.

Item 7.01 Regulation FD Disclosure.

The Company also announced on April 14, 2022, that the Board of Directors of the Company has appointed Colleen Batcheler to succeed Mr. Galainena as the Company’s Executive Vice President, General Counsel and Secretary, effective May 20, 2022.

A copy of the press release announcing these management changes is furnished as Exhibit 99.1 to this Current Report on Form 8-K. 

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number	Title
99.1	Press Release dated April 14, 2022.
104	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 Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: April 14, 2022	HERTZ GLOBAL HOLDINGS, INC THE HERTZ CORPORATION (each, a Registrant)
	By:	/s/ Stephen M. Scherr
		Name:	Stephen M. Scherr
		Title:	Chief Executive Officer

EX-99.1

Exhibit 99.1

 

For more media information:

Hertz Media Relations
mediarelations@hertz.com

Hertz Announces Colleen Batcheler as New General Counsel

Current General Counsel M. David Galainena announces retirement

ESTERO, Fla., April 14, 2022 – Hertz (NASDAQ: HTZ) today announced that Colleen Batcheler will join the company as executive vice president, general counsel and secretary, effective May 20. Batcheler will lead global governance for Hertz, which encompasses legal, compliance and government affairs. Batcheler’s appointment will follow the retirement of Dave Galainena, who has served as executive vice president, general counsel and secretary for the past three years and has practiced law for nearly 40 years. Dave will continue with the company through June 30 to facilitate a transition.

“We are excited to have Colleen join our leadership team at a time of considerable opportunity for Hertz to engage its customers and to lead the industry in the future of mobility and travel,” said Hertz CEO Stephen Scherr. “Colleen’s strategic thinking and deep experience with formidable consumer brands will better position Hertz to execute on its core priorities of electrification, shared mobility and the delivery of a digital-first customer experience.”

“I also want to congratulate Dave on his retirement and thank him for his many contributions to Hertz, which includes helping the company complete its successful restructuring last year and establishing a strong foundation for the future,” said Scherr.

Batcheler has more than 15 years of experience as a business-oriented general counsel and senior leader and more than 20 years of experience advising public companies. Since 2009, Colleen has served as executive vice president, general counsel and corporate secretary at Conagra Brands, Inc., one of North America’s leading branded food companies, where she has spent the past 16 years, overseeing all legal and governmental affairs for the company. Prior to joining Conagra, Batcheler was vice president and corporate secretary at Albertson's, Inc., associate counsel with The Cleveland Clinic Foundation and an associate with the law firm of Jones Day.

“I’m thrilled to join Hertz at this pivotal time for the company,” said Batcheler. “The company’s strategic focus and investment in the future of mobility presents an exciting opportunity and I look forward to working alongside the leadership at Hertz and with all the talented team members around the world to drive the business forward.”

Colleen serves as a trustee of the Latin School of Chicago and is an emeritus trustee of Case Western Reserve University. She earned a B.A., in political science from the State University of New York College at Fredonia, and her J.D. from Case Western Reserve School of Law.

###

 

About Hertz

The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc., operates the Hertz, Dollar and Thrifty vehicle rental brands throughout North America, Europe, the Caribbean, Latin America, Africa, the Middle East, Asia, Australia and New Zealand. The Hertz Corporation is one of the largest worldwide vehicle rental companies, and the Hertz brand is one of the most recognized globally. Additionally, The Hertz Corporation operates the Firefly vehicle rental brand and Hertz 24/7 car sharing business in international markets and sells vehicles through Hertz Car Sales. For more information about The Hertz Corporation, visit www.hertz.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain statements contained in this release include "forward-looking statements" within the meaning of applicable securities laws and regulations. These statements often include words such as "believe," "expect," "project," "potential," "anticipate," "intend," "plan," "estimate," "seek," "will," "may," "would," "should," "could," "forecasts" or similar expressions. These statements are based on the Hertz's current views with respect to future events and the timing of the tender offer. These forward-looking statements are subject to a number of risks and uncertainties including prevailing market conditions, as well as other factors. Forward-looking statements represent Hertz's estimates and assumptions only as of the date that they were made, and, except as required by law, Hertz undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

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