Avis Budget Group Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
On May 14, 2025, Avis Budget Group, Inc. (the “Company”) held its 2025 Annual Meeting of Shareholders. The following matters were submitted to a vote of shareholders and the voting results were as follows:
Proposal No. 1. Election of Directors. The six nominees named in the Company’s 2025 proxy statement were elected to serve a one-year term expiring in 2026 and until their successors are duly elected and qualified or until their earlier resignation or removal, based upon the following votes:
| Director Nominee | Votes For | Votes Against | Abstentions |
Broker Non-Votes | ||||
| Jagdeep Pahwa | 28,273,551 | 316,339 | 16,255 | 2,818,406 | ||||
| Anu Hariharan | 28,460,569 | 129,726 | 15,850 | 2,818,406 | ||||
| Bernardo Hees | 28,275,432 | 314,899 | 15,814 | 2,818,406 | ||||
| Lynn Krominga | 27,755,731 | 834,721 | 15,693 | 2,818,406 | ||||
| Glenn Lurie | 28,452,200 | 138,135 | 15,810 | 2,818,406 | ||||
| Karthik Sarma | 27,182,393 | 1,403,800 | 19,952 | 2,818,406 |
Proposal No. 2. Ratification of Appointment of Auditors. The proposal to ratify the appointment of Deloitte & Touche LLP to serve as the Company’s independent registered public accounting firm for fiscal year 2025 was ratified as follows:
| Votes For | Votes Against | Abstentions | ||
| 31,284,424 | 120,216 | 19,911 |
Proposal No. 3. Advisory Approval of the Compensation of our Named Executive Officers. The proposal to approve, on an advisory basis, the compensation of the Company’s named executive officers, as described in the Company’s 2025 proxy statement, was approved by the following votes:
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
| 28,284,299 | 283,090 | 38,756 | 2,818,406 |
Proposal No. 4. Approval of Charter Amendment to Remove the Supermajority Vote Requirement to Make Certain Amendments to the Charter. The proposal to approve the charter amendment to remove the supermajority vote requirement to make certain amendments to the charter was not approved, and received the following votes:
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
| 26,951,562 | 1,634,166 | 20,417 | 2,818,406 |
Proposal No. 5. Approval of Charter Amendment to Revise the Vote Requirements for Certain By-law Amendments. The proposal to approve the charter amendment to revise the vote requirements for certain by-law amendments was not approved, and received the following votes:
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
| 26,961,323 | 1,624,653 | 20,169 | 2,818,406 |
Proposal No. 6. Approval of Charter Amendment to Revise the Vote Requirement for Removal of Directors. The proposal to approve the charter amendment to revise the vote requirements for removal of directors was approved by the following votes:
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
| 26,984,286 | 1,598,682 | 23,177 | 2,818,406 |
Proposal No. 7. Approval of Charter Amendment to Revise the Approval Requirements Related to Certain Business Combinations and Transactions Involving Interested Shareholders. The proposal to approve the charter amendment to revise the approval requirements related to certain business combinations and transactions involving interested shareholders was not approved, and received the following votes:
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
| 26,970,943 | 1,612,945 | 22,257 | 2,818,406 |
Proposal No. 8. Approval of Charter Amendment to Allocate the Voting Privileges Over Charter Amendments Solely Affecting Holders of Preferred Stock. The proposal to approve the charter amendment to allocate the voting privileges over Charter amendments solely affecting holders of preferred stock was approved by the following votes:
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
| 28,444,510 | 138,144 | 23,491 | 2,818,406 |
Proposal No. 9. Approval of Charter Amendment to Provide for Officer Exculpation as Permitted by Delaware Law and to Make Certain Housekeeping Amendments. The proposal to approve the charter amendment to provide for officer exculpation as permitted by Delaware law and make certain housekeeping amendments was approved by the following votes:
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
| 23,040,649 | 5,541,867 | 23,629 | 2,818,406 |
SIGNATURE
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 hereto duly authorized.
| AVIS BUDGET GROUP, INC. | |||
| By: | /s/ Jean M. Sera | ||
| Name: | Jean M. Sera | ||
| Title: | Senior Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary | ||
Date: May 19, 2025