UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): May 24, 2024 (May 22, 2024)
 


Avis Budget Group, Inc.
 
(Exact Name of Registrant as Specified in its Charter)
 

Delaware
001-10308
06-0918165
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification Number)

379 Interpace Parkway
 
07054
Parsippany, NJ
   
(Address of Principal Executive Offices)   (Zip Code)
 
Registrant’s telephone number, including area code (973) 496-4700
 
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:
 

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
Common Stock, Par Value $0.01
CAR
The Nasdaq Global Select Market
 
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 5.07
Submission of Matters to a Vote of Security Holders.
 
On May 22, 2024, Avis Budget Group, Inc. (the “Company”) held its 2024 Annual Meeting of Shareholders.  The following matters were submitted to a vote of shareholders and the voting results were as follows:
 
  (1)
Election of Directors: The six nominees named in the Company’s 2024 proxy statement were elected to serve a one-year term expiring in 2025 and until their successors are duly elected and qualified or until their earlier resignation or removal, based upon the following votes:
 
Director Nominee
 
Votes For
 
Votes Against
 
Abstentions
 
Broker
Non-Votes
Bernardo Hees
 
27,423,287
 
952,371
 
112,775
  2,694,797
Jagdeep Pahwa
 
27,395,508
 
980,681
 
112,244
  2,694,797
Anu Hariharan
 
28,061,831
 
313,591
 
113,011
 
2,694,797
Lynn Krominga
 
27,696,326
 
679,556
 
112,551
 
2,694,797
Glenn Lurie
 
28,017,253
 
358,610
 
112,570
 
2,694,797
Karthik Sarma
 
28,028,295
 
348,184
 
111,954
 
2,694,797


(2)
Ratification of Appointment of Independent Registered Accounting Firm:  The appointment of Deloitte & Touche LLP to serve as the Company’s independent registered public accounting firm for fiscal year 2024 was ratified as follows:
 
Votes For
 
Votes Against
 
Abstentions
30,465,394
 
601,174
 
116,662


(3)
Advisory Approval of the Compensation of our Named Executive Officers:  The proposal to approve, on an advisory basis, the compensation of the Company’s named executive officers, as described in the Company’s 2024 proxy statement, was approved by the following votes:
 
Votes For
 
Votes Against
 
Abstentions
 
Broker
Non-Votes
28,073,883
 
292,654
 
121,896
 
2,694,797


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 hereto duly authorized.
 
 
AVIS BUDGET GROUP, INC.
     
 
By:
/s/ Jean M. Sera
 
Name:
Jean M. Sera
 
Title:
Senior Vice President, General Counsel,
    Chief Compliance Officer and Corporate Secretary
     
Date: May 24, 2024
   



v3.24.1.1.u2
Document and Entity Information
May 22, 2024
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date May 22, 2024
Entity File Number 001-10308
Entity Registrant Name Avis Budget Group, Inc.
Entity Central Index Key 0000723612
Entity Incorporation, State or Country Code DE
Entity Tax Identification Number 06-0918165
Entity Address, Address Line One 379 Interpace Parkway
Entity Address, City or Town Parsippany
Entity Address, State or Province NJ
Entity Address, Postal Zip Code 07054
City Area Code 973
Local Phone Number 496-4700
Title of 12(b) Security Common Stock, Par Value $0.01
Trading Symbol CAR
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false

Avis Budget (NASDAQ:CAR)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Avis Budget Charts.
Avis Budget (NASDAQ:CAR)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Avis Budget Charts.