Hertz Global Holdings Inc.
10/13/2026 | Press release | Distributed by Public on 10/13/2026 14:20
Management Change/Compensation (Form 8-K)
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
On October 9, 2026, the Board of Directors (the "Board") of Hertz Global Holdings, Inc. (the "Company") appointed Joseph R. Hinrichs to serve as a Class I director of the Board, effective immediately. Mr. Hinrichs will serve on the Audit and Risk Committee.
Upon his appointment as a non-employee member of the Board, Mr. Hinrichs will receive the standard compensation paid to non-employee members of the Board under the Company's Amended and Restated Directors' Compensation Policy, dated January 31, 2024, consisting of (i) an annual grant of restricted stock units with a value of $175,000 and (ii) an annual cash retainer of $100,000, subject to his continued service as a director.
Mr. Hinrichs has entered into an indemnification agreement with the Company in the form filed with the Securities and Exchange Commission as Exhibit 10.10 to the Annual Report on Form 10-K filed on February 23, 2022, which is incorporated by reference herein in its entirety.
There is no arrangement or understanding between Mr. Hinrichs and any other person pursuant to which he was elected as a director. Mr. Hinrichs has not entered into or proposed to enter into any transactions required to be reported under Item 404(a) of Regulation S-K.
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