Hertz Global Holdings Announces Board Director Resignations and Appointments

What Happened
Hertz Global Holdings, Inc. filed an 8-K on October 1, 2026, reporting that directors Francis S. Blake (Class I), Lucy Clark Dougherty (Class II), and Thomas Wagner (Class I) resigned effective at the close of business on October 1, 2026. The Board appointed Robert Davis (Class II), Nils Larsen (Class III), and Adam Zirkin (Class II) as directors, also effective at the close of business on October 1, 2026. The filing states the resignations were not due to any disagreement with the Company on matters related to its operations, policies, or practices.

Key Details

• Resignations effective: October 1, 2026 (close of business) — Francis S. Blake, Lucy Clark Dougherty, Thomas Wagner.
• New directors appointed effective: October 1, 2026 (close of business) — Robert Davis (Class II), Nils Larsen (Class III), Adam Zirkin (Class II).
• Committee assignments: Davis — Audit & Governance; Larsen — Audit & Compensation; Zirkin — Compensation.
• Director compensation: Davis and Larsen to receive standard non-employee director pay under the Company’s policy (annual restricted stock units valued at $175,000 and an annual cash retainer of $100,000, subject to continued service). Zirkin (associated with Knighthead Capital Management, LLC) will be paid $1.00 per year per the policy.
• Indemnification: Each new director has entered into the Company’s standard indemnification agreement (as filed previously in Exhibit 10.10 to the 2022 Form 10-K). The filing reports no related arrangements or transactions required to be disclosed under Item 404(a) of Regulation S‑K.

Why It Matters
These are governance changes that alter the composition of Hertz’s Board and its key committees (Audit, Compensation, Governance). Investors should note the appointment of a director associated with Knighthead Capital Management and the specific committee assignments, since board membership and committee oversight affect corporate governance and oversight of financial and compensation matters. The filing provides no indication of disagreement with management tied to the resignations.