AVIS BUDGET GROUP, INC. 8-K

What Happened

• Avis Budget Group (CAR) announced the appointment of Tina Goldenberg as Vice President and Chief Accounting Officer, effective June 15, 2026. Current CAO Cathleen DeGenova will retire and remain in the CAO role through June 14, 2026, then continue advising the company through April 1, 2027 to support the transition.
• The company filed an Offer Letter for Ms. Goldenberg (dated May 26, 2026) specifying compensation and incentive terms.

Key Details

• Effective date: Tina Goldenberg starts as VP & Chief Accounting Officer on June 15, 2026.
• Transition: Cathleen DeGenova retires June 14, 2026 and will advise through April 1, 2027.
• Compensation: Ms. Goldenberg’s base salary is $270,000 per year; she is eligible for an annual incentive at a target of 45% of base salary and participation in the company’s long‑term incentive program.
• Background: Ms. Goldenberg, age 42, has been with Avis since 2013 in roles including Senior Director (Accounting for Americas since March 2020) and is a Certified Public Accountant; prior experience includes Deloitte.

Why It Matters

• This is a leadership change in the company’s finance and accounting function, with an orderly handover and advisory period intended to maintain continuity in financial reporting and controls.
• For investors, the filing signals planned succession for a key reporting officer and provides specific compensation and timing details; it does not report any earnings or other financial results.