Form 8-K AVIS BUDGET GROUP, INC. For: May 25

 

 

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): May 26, 2022 (May 25, 2022)

 

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

 

6 Sylvan Way Parsippany, NJ		07054
(Address of Principal Executive Offices)		(Zip Code)

 

(973) 496-4700

(Registrant’s telephone number, including area code)

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 25, 2022, Avis Budget Group, Inc. (the “Company”) held its 2022 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 2022 proxy statement were elected to serve a one-year term expiring in 2023 and until their successors are duly elected and qualified, based upon the following votes:

 

Director Nominee		Votes For		Votes Against		Abstain		Broker Non-Votes
Bernardo Hees		40,059,840		1,732,300		37,226		3,103,881
Jagdeep Pahwa		40,166,141		1,642,311		20,914		3,103,881
Anu Hariharan		41,748,435		58,714		22,217		3,103,881
Lynn Krominga		40,543,205		1,266,127		20,034		3,103,881
Glenn Lurie		41,636,173		166,541		26,652		3,103,881
Karthik Sarma		41,341,304		467,016		21,046		3,103,881

 

(2)

Ratification of Appointment of Independent Registered Accounting Firm: The appointment of Deloitte & Touche LLP to serve as the Company’s independent registered accounting firm for fiscal year 2022 was ratified as follows:

 

Votes For		Votes Against		Abstain
44,216,586		692,117		24,544

 

(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 2022 proxy statement, was approved by the following votes:

Votes For		Votes Against		Abstain		Broker Non-Votes
41,171,892		615,340		42,134		3,103,881

 

 

 

 

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 26, 2022

 

 

 

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