Hertz 2012 Annual Report Download - page 51

ITEM 1. BUSINESS (Continued)
Bank Melli, an Iranian bank designated under Executive Order No. 13382. We had no knowledge of or
control over the activities of SPIE or its subsidiaries. CD&R has informed us that in 2012, an indirect
subsidiary of SPIE received payments into the Bank Melli accounts for e2,497,732.83 from PetroIran
Development Company, or ‘‘PEDCO,’’ and e11,062.58 from Iran Oil Pipelines & Telecommunication
Group, or ‘‘IOPTC,’’ in partial payment of amounts that were owed to certain indirect subsidiaries of SPIE
for goods and services delivered in prior years, indirectly transferred approximately e430,000 from the
accounts to France through the use of an intermediary, indirectly transferred approximately e360,000
from the accounts to the U.A.E. through other intermediaries (part of which has not yet been received),
and used the accounts to pay office rent, the salary of one employee and other administrative expenses.
SPIE understands that PEDCO and IOPTC are companies owned or controlled by the Government of
Iran. CD&R has informed us that the relevant SPIE entities received authorization from the French
Ministry of the Economy, Finances and Industry for the receipt of the funds and the transfer to France,
that SPIE and its subsidiaries obtained no revenue or profit from these transactions, apart from payment
of the two receivables described above, that CD&R and SPIE have disclosed these matters to the Office
of Foreign Assets Control in the U.S. Treasury Department, or ‘‘OFAC,’’ and that SPIE and its subsidiaries
do not intend to conduct any transaction or dealing with Bank Melli, PEDCO or IOPTC in the future other
than any transactions that may be authorized by the applicable French governmental authority and
OFAC.
Available Information
We file annual, quarterly and current reports and other information with the United States Securities and
Exchange Commission, or the ‘‘SEC.’’ You may read and copy any documents that we file at the SEC’s
public reference room at 100 F Street, N.E., Washington, D.C. 20549. You may call the SEC at
1-800-SEC-0330 to obtain further information about the public reference room. In addition, the SEC
maintains an Internet website (www.sec.gov) that contains reports, proxy and information statements
and other information about issuers that file electronically with the SEC, including Hertz Holdings. You
may also access, free of charge, our reports filed with the SEC (for example, our Annual Report on
Form 10-K, our Quarterly Reports on Form 10-Q and our Current Reports on Form 8-K and any
amendments to those forms) indirectly through our Internet website (www.hertz.com). Reports filed with
or furnished to the SEC will be available as soon as reasonably practicable after they are filed with or
furnished to the SEC. The information found on our website is not part of this or any other report filed with
or furnished to the SEC.
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