AVIS BUDGET GROUP, INC. 8-K

What Happened
Avis Budget Group, Inc. (CAR) filed an 8‑K reporting results of its 2026 Annual Meeting of Shareholders held on May 20, 2026. All six director nominees were elected to one‑year terms. The company’s appointment of Deloitte & Touche LLP as independent auditors for fiscal 2026 was ratified, and the advisory vote on executive compensation (say‑on‑pay) was approved. A shareholder proposal to adopt majority voting standards and allow meeting adjournment failed.

Key Details

• Directors elected (votes FOR): Jagdeep Pahwa 26,842,853; Anu Hariharan 26,905,610; Bernardo Hees 26,837,520; Lynn Krominga 26,629,099; Glenn Lurie 26,915,791; Karthik Sarma 26,842,520. Broker non‑votes: 1,442,067.
• Auditor ratification: Deloitte & Touche LLP approved — Votes For: 28,201,021; Against: 181,866; Abstentions: 16,590.
• Advisory approval of named executive officers’ compensation: Votes For: 26,617,695; Against: 323,061; Abstentions: 16,654; Broker non‑votes: 1,442,067.
• Shareholder governance proposal failed: Votes For: 2,792,010; Against: 24,142,655; Abstentions: 22,745; Broker non‑votes: 1,442,067.

Why It Matters
These results confirm board continuity and governance stability for the coming year, with all incumbent nominees elected and the auditor retained. The advisory say‑on‑pay passed, signaling shareholder support (though non‑binding) for the company’s executive compensation approach. The defeat of the shareholder governance proposal means the company will not be directed by shareholders to replace super‑majority voting thresholds with simple majority standards or to adjourn meetings under the requested conditions. Investors should note the presence of broker non‑votes on certain items, which can affect vote totals for director elections and advisory proposals.