Hertz 2014 Annual Report Download - page 11

Table of Contents




We operate our car rental business through the Hertz, Dollar, Thrifty and Firefly brands, as of December 31, 2014, from approximately 10,880
corporate and franchisee locations in North America, Europe, Latin and South America, Asia, Australia, Africa, the Middle East and New Zealand.
We are one of the largest worldwide airport general use car rental companies and our Hertz brand has approximately 9,395 corporate and
franchisee locations in 145 countries. Our Dollar and Thrifty brands combined have approximately 1,380 corporate and franchisee locations in 77
countries and our Firefly brand has approximately 105 corporate and franchisee locations in 12 countries. Our Hertz brand name is one of the most
recognized in the world, signifying leadership in quality rental services and products. We have an extensive network of rental locations in the
United States, or "U.S.," and in all major European markets. We believe that we maintain one of the leading airport car rental brand market shares,
by overall reported revenues, in the U.S. and at approximately 130 major airports in Europe where we have company-operated locations and where
data regarding car rental concessionaire activity is available. Our equipment rental business is operated through the Hertz Equipment Rental brand
from more than 350 branches in the U.S., Canada, France, Spain, the United Kingdom, China and Saudi Arabia, as well as through our
international franchisees. In addition to car rental and equipment rental businesses, we provide fleet leasing and management services through our
Donlen subsidiary.

Hertz Holdings was incorporated in Delaware in 2005 to serve as the top-level holding company for Hertz Investors, Inc. which wholly owns The
Hertz Corporation, or “Hertz,” our primary operating company.
We are a successor to corporations that have been engaged in the car and truck rental and leasing business since 1918 and the equipment rental
business since 1965. Hertz was incorporated in Delaware in 1967. Ford Motor Company acquired an ownership interest in Hertz in 1987 and in
2001 owned 100% of Hertz through one or more of its subsidiaries.
In December 2005, certain private investment funds, which we refer to collectively as the “Sponsors,” through Hertz Investors Inc., acquired all of
Hertz common stock from Ford Holdings LLC.
In 2006, we conducted an initial public offering of our common stock and as a result our common stock trades on the New York Stock Exchange
("NYSE") under the symbol "HTZ".
The Sponsors sold substantially all of their common stock between 2006 and 2013.
In May 2013, we announced plans to relocate our worldwide headquarters to Estero, Florida from Park Ridge, New Jersey which is expected to be
completed by late 2015.
On December 30, 2013, the board of directors of Hertz Holdings declared a dividend of one preferred share purchase right for each outstanding
share of Hertz Holdings common stock, to purchase from Hertz Holdings one ten-thousandth of a share of Series A Junior Participating Preferred
Stock, par value $0.01 per share, of Hertz Holdings at a price of $115.00 per one ten-thousandth of a share of preferred stock, subject to
adjustment as provided in the associated rights agreement. The description and terms of the preferred share purchase rights are set forth in a
rights agreement, dated as of December 30, 2013, between Hertz Holdings and Computershare Trust Company, N.A., as rights agent. No preferred
shares were issued under the agreement and the preferred share purchase rights expired in accordance with their terms on December 29, 2014.
1
Source: HERTZ GLOBAL HOLDINGS INC, 10-K, July 16, 2015 Powered by Morningstar® Document Research℠
The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information,
except to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.