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Hertz Global Holdings, Inc., et al. – ‘8-K’ for 12/2/22

On: Monday, 12/5/22, at 8:33am ET · For: 12/2/22 · Accession #: 1657853-22-106 · File #s: 1-07541, 1-37665

  As Of               Filer                 Filing    For·On·As Docs:Size

12/05/22  Hertz Global Holdings, Inc.       8-K:7,8,9  12/02/22   12:350K
          Hertz Corp.

Current Report — Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     53K 
 2: EX-99.1     Miscellaneous Exhibit                               HTML     12K 
 7: R1          Coverpage                                           HTML     53K 
10: XML         IDEA XML File -- Filing Summary                      XML     12K 
 8: XML         XBRL Instance -- htz-20221202_htm                    XML     32K 
 9: EXCEL       IDEA Workbook of Financial Reports                  XLSX      8K 
 4: EX-101.DEF  XBRL Definitions -- htz-20221202_def                 XML     45K 
 5: EX-101.LAB  XBRL Labels -- htz-20221202_lab                      XML     91K 
 6: EX-101.PRE  XBRL Presentations -- htz-20221202_pre               XML     44K 
 3: EX-101.SCH  XBRL Schema -- htz-20221202                          XSD     12K 
11: JSON        XBRL Instance as JSON Data -- MetaLinks               15±    21K 
12: ZIP         XBRL Zipped Folder -- 0001657853-22-000106-xbrl      Zip     27K

‘8-K’ — Current Report

This is an HTML Document rendered as filed. [ Alternative Formats ]

iX: C: C:

htz-20221202

i 0001657853 i 0000047129 i false i FALSE00016578532022-12-022022-12-020001657853htz:TheHertzCorporationMember2022-12-022022-12-020001657853us-gaap:CommonStockMember2022-12-022022-12-020001657853us-gaap:WarrantMember2022-12-022022-12-02

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM i 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): i December 2, 2022

i HERTZ GLOBAL HOLDINGS, INC.

THE i HERTZ CORPORATION

(Exact name of registrant as specified in its charter)

i Delaware

i 001-37665

i 61-1770902

i Delaware

i 001-07541

i 13-1938568

(State or other jurisdiction of
incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

i 8501 Williams Road

i Estero,

i Florida

i 33928

i 239

i 301-7000

(Address, including Zip Code, and
telephone number, including area code,
of registrant's principal executive offices)

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:

i ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

i ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

i ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

i ☐ 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.

i Common Stock per value $0.01 per share

i HTZ

i Nasdaq Global Select Market

i Warrants to purchase Common Stock

i HTZWW

i Nasdaq Global Select Market

The Hertz Corporation

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 i ☐

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 7.01 Regulation FD Disclosure.

On December 5, 2022, Hertz Global Holdings, Inc. (“Hertz”) issued the press release furnished hereto as Exhibit 99.1, which is incorporated herein by reference.

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 Hertz with the Securities and Exchange Commission (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.

Item 8.01 Other Events.

On December 2, 2022, The Hertz Corporation, on behalf of itself and its affiliates (collectively, the “Company”), entered into agreements with 364 individuals (the “Claimants”) to settle their outstanding claims (the “Claims”) against the Company regarding the filing of allegedly erroneous vehicle theft reports (the “Settlements”). The aggregate amount the Company will pay under the Settlements is approximately $168 million. The Company will make the payments during its fourth quarter of 2022. The Settlements and related payments are not expected to have a material impact on the Company’s capital allocation plans for the balance of 2022 or 2023.

The Company believes that a meaningful portion of the amount being paid for the Settlements will ultimately be recovered from its insurance carriers. In May 2022, the Company filed a complaint against several of its insurers seeking a determination that certain of its commercial general liability and directors' and officers’ liability insurance policies provide coverage for the Claims; that litigation is currently pending.

The Company has policies to help ensure the proper treatment of its customers and to protect itself against the theft of its services and assets. It has taken significant steps to modernize and update those policies.

Cautionary Note Regarding Forward-Looking Statements.

This report contains "forward-looking statements" within the meaning of the federal securities laws. Words such as "will," "expect," "believe," "seeking," "pending," and similar expressions identify forward-looking statements, which include but are not limited to statements related to the timing and impact on Hertz of the Settlement payments, the availability of insurance coverage, the effectiveness of Hertz’s policies relating to theft reporting, and any other statements regarding future expectations, beliefs, plans, objectives, future events or performance. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including risks related to the Settlement, insurance coverage and other factors identified in this cautionary note and in the risk factors of Hertz's Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC on February 23, 2022 and any updates thereto in subsequent filings with the SEC including in Hertz's Quarterly Reports on Form 10-Q. We caution you not to place undue reliance on our forward-looking statements, which speak only as of the date hereof, and Hertz undertakes no obligation to update this information.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

The following document is furnished as an Exhibit to this Current Report on Form 8-K:


Exhibit						Description

99.1						Press Release of Hertz Global Holdings, Inc. dated December 5 , 2022.
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: December 5, 2022	By:	/s/ *Colleen Batcheler*
	Name:	Colleen Batcheler
	Title:	Executive Vice President, General Counsel and Secretary

Dates Referenced Herein and Documents Incorporated by Reference

This ‘8-K’ Filing	Date	Other Filings

Filed on:	12/5/22
For Period end:	12/2/22
	2/23/22	10-K, 8-K
	12/31/21	10-K, 4
		List all Filings

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Filing Submission 0001657853-22-000106 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)