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ESTERO, FL—Hertz Global Holdings (OTC:HTZGQ), Inc. (NASDAQ:HTZ), a leading company in the auto rental and leasing industry with a market capitalization of $1.93 billion, announced the results of its stockholder votes from the annual meeting held on May 21, 2025, according to a recent SEC filing. The company’s stock has shown strong momentum, delivering a 70.77% return year-to-date, though InvestingPro analysis suggests the stock is currently trading above its Fair Value.
At the 2025 Annual Meeting, stockholders elected four director nominees to the company’s board, each to serve a three-year term. The elected directors include Francis S. Blake, Vincent J. Intrieri, Michael Gregory O’Hara, and Thomas Wagner. Detailed voting results for each nominee showed a significant majority of votes in favor, with Francis S. Blake receiving 224,091,780 for and 1,885,651 withheld; Vincent J. Intrieri with 200,341,776 for and 25,635,655 withheld; Michael Gregory O’Hara at 205,930,096 for and 20,047,335 withheld; and Thomas Wagner with 204,956,065 for and 21,021,366 withheld. All nominees also had 34,636,159 broker non-votes each.
Furthermore, stockholders ratified the appointment of Ernst & Young LLP as the company’s independent auditor for the fiscal year ending December 31, 2025. The vote was overwhelmingly in favor with 257,259,226 for, 2,526,755 against, and 827,609 abstentions.
Additionally, an advisory vote to approve named executive officers’ compensation was conducted. The proposal was approved with 189,733,782 votes for, 35,543,451 against, and 700,198 abstentions, along with 34,636,159 broker non-votes.
These results reflect the decisions made by Hertz Global Holdings, Inc.’s stockholders regarding the governance and oversight of the company. According to InvestingPro data, the company operates with a significant debt burden of $18.9 billion and faces challenges with cash burn. The company’s Financial Health Score currently stands at "WEAK," highlighting the importance of strong governance oversight. For deeper insights into Hertz’s financial health and access to 13 additional ProTips, investors can explore the comprehensive Pro Research Report available on InvestingPro.The filing did not include any forward-looking statements or marketing language, focusing solely on the factual reporting of the voting outcomes.
The information provided here is based on the SEC filing by Hertz Global Holdings, Inc. and does not include any additional analysis or opinion.
In other recent news, Hertz Global Holdings reported disappointing financial results for the first quarter of 2025, missing both earnings and revenue expectations. The company posted an earnings per share of -$1.12, falling short of the forecasted -$0.94, and revenue of $1.81 billion, which was below the anticipated $2.01 billion. Analysts from Jefferies, JPMorgan, and Goldman Sachs have all weighed in on Hertz’s performance. Jefferies cut its price target for Hertz to $6.00 but maintained a Hold rating, citing the company’s ongoing turnaround efforts. JPMorgan reiterated an Underweight rating due to Hertz’s larger-than-expected EBITDA loss, while Goldman Sachs maintained a Sell rating with a $3.00 price target, pointing to challenges from fleet size reduction and market share loss.
Hertz’s strategy to refresh its fleet has been a focal point, with the company acquiring a significant portion of its 2025 model year vehicles ahead of schedule. This move is intended to improve vehicle depreciation metrics and align with customer preferences. Despite these efforts, Hertz’s fleet reduction strategy is expected to continue impacting volume and rental price per day. The company is also focusing on strategic partnerships to enhance customer experience and operational efficiency.
The analysts’ assessments reflect varying levels of optimism about Hertz’s future, with Jefferies noting potential long-term benefits from the fleet refresh strategy, while Goldman Sachs remains cautious about Hertz’s ability to regain lost market share. Hertz’s management has expressed confidence in achieving long-term financial goals, including a target of $1 billion in EBITDA by 2027, despite the current economic uncertainties.
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