-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OnAdaCg9rAKxBzikquqz8zgPoHK04BTe+JStY0/ZASIf9NqkfYxEnKxQ/+K4scqJ 2IbloVy8tHMgCUK1+YI+sQ== 0001047469-07-008202.txt : 20071101 0001047469-07-008202.hdr.sgml : 20071101 20071031174837 ACCESSION NUMBER: 0001047469-07-008202 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20071029 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071101 DATE AS OF CHANGE: 20071031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HERTZ GLOBAL HOLDINGS INC CENTRAL INDEX KEY: 0001364479 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AUTO RENTAL & LEASING (NO DRIVERS) [7510] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33139 FILM NUMBER: 071203939 BUSINESS ADDRESS: STREET 1: 225 BRAE BOULEVARD CITY: PARK RIDGE STATE: NJ ZIP: 07656 BUSINESS PHONE: 201-307-2000 MAIL ADDRESS: STREET 1: 225 BRAE BOULEVARD CITY: PARK RIDGE STATE: NJ ZIP: 07656 8-K 1 a2180565z8-k.htm 8-K
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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) October 31, 2007 (October 29, 2007)

HERTZ GLOBAL HOLDINGS, INC.
(Exact name of registrant as specified in its charter)

DELAWARE
(State of incorporation)
  001-33139
(Commission File Number)
  20-3530539
(I.R.S Employer
Identification No.)

225 Brae Boulevard
Park Ridge, New Jersey 07656-0713
(Address of principal executive offices, including zip code)

(Registrant's telephone number, including area code) (201) 307-2000

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))





Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

        On October 29, 2007, Hertz Global Holdings, Inc. ("Hertz Holdings") and its wholly owned subsidiary, The Hertz Corporation ("Hertz" and, together with Hertz Holdings, the "Companies"), announced the appointment of Elyse Douglas as the Companies' Executive Vice President and Chief Financial Officer, effective immediately. Ms. Douglas has previously served as interim chief financial officer following the retirement of Paul J. Siracusa in August 2007. Ms. Douglas will also retain the position of Treasurer of the Companies.

        Ms. Douglas joined Hertz as Staff Vice President and Treasurer in July 2006, after serving for seven years as Senior Vice President and Treasurer of COTY, Inc., the $3 billion cosmetic company. Prior to that, she served in senior treasury and finance positions for Nabisco, Inc. and Chase Manhattan.

        Ms. Douglas earned a bachelor's degree in Finance from Villanova University and an MBA in Finance from New York University. She is also a Certified Public Accountant and earned her (CFA) designation in 1997.

        In connection with her appointment to this position, Ms. Douglas will receive an annual salary of $450,000 and an annual targeted cash bonus of $315,000, for a total of $765,000 in expected annual cash compensation. In addition, Ms. Douglas will receive an additional grant of options to purchase 50,000 shares of Hertz Holdings common stock, vesting over a period of four years, and will be eligible to participate in the Hertz Holdings Supplemental Executive Retirement Plan. Ms. Douglas will also receive certain additional benefits such as access to car rentals, country club membership and financial planning services. The terms of Ms. Douglas's compensation are not expected to be set forth in a written agreement.

        A copy of the press release regarding this announcement is attached as Exhibit 99.1 to this current report and is incorporated by reference herein.


Item 9.01    Financial Statements and Exhibits.

        Exhibit 99.1 Press Release of Hertz Holdings dated October 29, 2007.

        Exhibit 99.1 shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in a filing.

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SIGNATURES

        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 hereunto duly authorized.

    HERTZ GLOBAL HOLDINGS, INC.
(Registrant)

 

 

By:

 

/s/  
ELYSE DOUGLAS      
    Name:   Elyse Douglas
    Title:   Executive Vice President and Chief Financial Officer and Treasurer

Date: October 31, 2007

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SIGNATURES
EX-99.1 2 a2180565zex-99_1.htm EXHIBIT 99.1
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Exhibit 99.1

         GRAPHIC

FOR IMMEDIATE RELEASE   CONTACT:   Richard Broome
201-307-2486
rbroome@hertz.com


HERTZ APPOINTS ELYSE DOUGLAS AS CFO

        Park Ridge, NJ (October 29, 2007)—Hertz Global Holdings, Inc. (NYSE: HTZ) has appointed Elyse Douglas Executive Vice President and Chief Financial Officer, effective immediately. Ms. Douglas reports to the Company's Chairman and Chief Executive Officer, Mark P. Frissora. Ms. Douglas has been serving as interim Chief Financial Officer of Hertz since the retirement of Paul J. Siracusa in August 2007 and she has almost 25 years of corporate finance, treasury and financial management experience.

        "As Treasurer, Elyse successfully managed several complex, international financial transactions, which will save Hertz over ten million dollars annually, and she has helped us generate faster-than-anticipated balance sheet improvements. Since her appointment as interim CFO in August, Elyse has stepped up to the initial challenges of managing the Company's overall financial operations. Elyse has also assumed a central role, demonstrating dynamic leadership skills, in our effort transform Hertz into the lowest cost, highest quality and most customer- focused company in our rental markets," said Mark P. Frissora.

        Ms. Douglas joined Hertz as Staff Vice President and Treasurer in July 2006, after serving for seven years as Senior Vice President and Treasurer of COTY, Inc., the $3 billion cosmetic company. Prior to that, she served in senior treasury and finance positions for Nabisco, Inc. and Chase Manhattan.

        Ms. Douglas earned a bachelor's degree in Finance from Villanova University and an MBA in Finance from New York University. She is also a Certified Public Accountant and earned her (CFA) designation in 1997.

        The Hertz Corporation, the world's largest general use car rental brand, operates from approximately 7,800 locations in 145 countries worldwide. Hertz is the number one car rental brand in the United States and at 69 major airports in Europe, as well as the only car rental company with corporate and licensee locations in Africa, Asia, Australia, Europe, Latin America, the Middle East and North America. Product and service initiatives such as Hertz #1 Club Gold, Neverlost customized onboard navigation systems, SIRIUS Satellite Radio, and unique cars and SUVs offered through Hertz's Prestige, Fun and Green collections, set Hertz apart from the competition. Hertz also operates one of the largest equipment rental companies in the United States and Canada combined, with corporate locations in France and Spain.


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HERTZ APPOINTS ELYSE DOUGLAS AS CFO
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