hertz global holdings inc (HTZ) Snapshot

Hertz Global Holdings, Inc. announced the launch of Hertz Dream Cars, a line of ultra-high-end performance vehicles that redefine the premium car rental experience. The new fleet and broad range of markets offer greater access to high performance luxury vehicles than ever before, while the VIP rental experience delivers white glove, personalized service to every renter. The launch of Hertz Dream Cars gives consumers the opportunity to experience luxury travel at its finest.

On May 15, 2013, the boards of directors of Hertz Global Holdings, Inc. and The Hertz Corporation (the companies) approved revisions to the by-laws of the companies in order to (i) in the case of Hertz Holdings, to change the advance notice provisions to require enhanced disclosures in connection with stockholder nominations to the Hertz Holdings board or proposals for consideration at stockholder meetings and (ii) in the case of Hertz Holdings and Hertz, to implement a new committee structure pursuant to which the boards of directors of the companies split the duties of the Compensation, Nominating and Governance Committee into separate compensation functions (to be handled by the new Compensation Committee) and nominating and governance functions (to be handled by the new Nominating and Governance Committee) and replaced the current Executive Committee with an Executive and Finance Committee, which would handle certain finance-related matters which are currently approved by the boards of directors in addition to the matters currently handled by the Executive Committee.

On May 15, 2013, Angel L. Morales, a director of Hertz Global Holdings, Inc. and its wholly-owned subsidiary The Hertz Corporation notified the Boards of Directors of the companies that he was resigning as a director of the companies effective immediately after the Board of Directors meeting held after the Annual Meeting held on May 15, 2013. Mr. Morales' decision to resign did not involve any disagreement with the companies, the management of the companies or the Boards of Directors of the companies.