Form 8-K

8-K — AVIS BUDGET GROUP, INC.

Accession: 0000950142-26-001547

Filed: 2026-05-29

Period: 2026-05-26

CIK: 0000723612

SIC: 7510 (SERVICES-AUTO RENTAL & LEASING (NO DRIVERS))

Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Item: Financial Statements and Exhibits

Documents

8-K — eh260785427_8k.htm (Primary)

EX-10.1 — EXHIBIT 10.1 (eh260785427_ex1001.htm)

GRAPHIC (logo.jpg)

GRAPHIC (ab_logo.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — FORM 8-K

8-K (Primary)

Filename: eh260785427_8k.htm · Sequence: 1

FORM 8-K

false

0000723612

2026-05-26

iso4217:USD

xbrli:shares

iso4217:USD

xbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): May 26, 2026

Avis Budget Group, Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-10308

06-0918165

(State or Other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

379 Interpace Parkway

Parsippany, NJ

07054

(Address of Principal Executive Offices)

(Zip Code)

(973) 496-4700

(Registrant’s telephone number, including

area code)

N/A

(Former name or former address, if changed since last

report)

Check the appropriate box below if the Form

8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of

the Act:

Title of Each Class

Trading Symbol(s)

Name of Each Exchange on Which

Registered

Common Stock, par value $0.01

CAR

The Nasdaq Global Select Market

Indicate by check mark whether the registrant

is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities

Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check

mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting

standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 26, 2026, Avis Budget Group, Inc. (the “Company”)

appointed Tina Goldenberg to the position of Vice President and Chief Accounting Officer of the Company, effective June 15, 2026. Cathleen

DeGenova, who is retiring, will continue to serve as Senior Vice President and Chief Accounting Officer until June 14, 2026.

Ms. DeGenova will continue to advise the Company through

April 1, 2027, to assist with the orderly transition of her duties to Ms. Goldenberg. The Company thanks Ms. DeGenova for her 13 years

of dedicated exemplary service to the Company and its shareholders.

Ms. Goldenberg, age 42, has been a Senior Director

of the Company overseeing Accounting for the Company’s Americas region since March 2020. Ms. Goldenberg previously held the title

of Senior Director, Financial Reporting & Technical Accounting from August 2019, and held roles of increasing responsibility within

Internal Reporting from March 2013, when she joined the Company. Prior to joining the Company, Ms. Goldenberg was an accountant with Deloitte.

Ms. Goldenberg is a Certified Public Accountant.

Pursuant to Ms. Goldenberg’s offer letter, dated

May 26, 2026 (the “Offer Letter”), Ms. Goldenberg will receive an annual base salary of $270,000, will be eligible to earn

an annual incentive award at a target rate of 45% of base salary, subject to attainment of applicable performance goals, and will continue

to be eligible to participate in the Company’s annual long-term incentive program.

The Offer Letter is attached hereto as Exhibit 10.1

and incorporated herein by reference. The foregoing description of the Offer Letter does not purport to be complete and is qualified in

its entirety by reference to the full text of the Offer Letter.

Item 9.01

Financial Statements and Exhibits.

The following exhibits are filed as part of this report:

Exhibit No.

Description

10.1

Offer Letter dated May 26, 2026 between Tina Goldenberg and Avis Budget Group, Inc.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

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 hereunto 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 29, 2026

EX-10.1 — EXHIBIT 10.1

EX-10.1

Filename: eh260785427_ex1001.htm · Sequence: 2

EXHIBIT 10.1

May 26, 2026

Tina Goldenberg

Dear Tina,

I am pleased

to confirm your promotion to Vice President & Chief Accounting Officer with Avis Budget Car Rental, LLC (the “Company”),

effective June 15, 2026, based at the Company’s headquarters located in Parsippany, New Jersey. In connection with your promotion,

you will also serve as Chief Accounting Officer of Avis Budget Group, Inc. This offer and your employment relationship will be subject

to the terms and conditions of this letter as well as the Company’s Code of Conduct and other policies, procedures, plans and agreements

applicable to your role.

Your salary on

an annualized basis will be $270,000 (USD) and paid on a bi-weekly basis. This position is an exempt position, which means you are paid

for the job and not by the hour. Accordingly, you will not receive overtime pay. Your salary is intended to compensate you for all hours

worked. Your work hours may vary from week to week depending on the Company’s needs.

You are eligible

to participate in the Company Incentive Plan specific to your role, which currently provides for a target incentive of 45% of your eligible

salary, as applicable within the plan guidelines. A copy of the plan will be provided. The actual payout will be determined by our financial

performance as well as your individual performance and will be governed by the terms of the plan. Payout timing is typically in the first

quarter of the following year and will be pro-rated based on your length of service within the plan year. Because the plan’s objective

is to attract and retain employees, you must be actively at work on the payout day in order to be eligible for payment.

You will continue

to be eligible to participate in the Company’s Long-Term Incentive Plan (LTIP), at a level consistent with other employees in comparable

positions. All awards are subject to approval by the Compensation Committee of Avis Budget Group’s Board of Directors and generally

take place annually in the first quarter of the year. Award values may vary from year to year, are subject to change without notice and

are generally contingent upon such criteria as individual performance, scope of responsibility and Company financial performance. Awards

may be subject to your execution of a restrictive covenant, including provisions on non-competition, non-solicitation of employees and

customers and confidentiality.

You will continue

to be eligible for health and welfare benefits commensurate with your level, and you are eligible to participate in the 401K plan subject

to the terms and conditions of the plan. The terms of the health and welfare benefits and 401K plan are subject to change at the Company’s

sole discretion. In addition, you will be eligible to participate in the Company’s vehicle lease, flexible time off, and deferred

compensation programs, and you will be covered by the Executive Severance policy. Details of these employee benefits will be provided.

Avis Budget

Group, Inc. 379 Interpace Pkwy, Parsippany, New Jersey 07054

This offer of

employment is contingent upon your signing, and complying with, a Confidentiality and Intellectual Property Agreement, in the form to

be provided to you by the Company as a separate attachment. This agreement must be signed and dated by you as part of the offer acceptance

process.

This letter is

not intended nor should it be considered as an employment contract for a definite or indefinite period of time. Employment with the Company

is at will, meaning either you or the Company may terminate employment at any time, with or without cause or prior notice; provided,

however, that you agree to provide no less than forty-five (45) days’ prior notice of your intent to voluntarily resign from employment.

Such notice shall include your last day of employment and be delivered in writing to your manager. The Company may, in its sole discretion,

elect to waive all or part of the notice period and accelerate your separation date. In addition, by agreeing to this letter, you acknowledge

that this letter sets forth the entire agreement between you and the Company, regarding your employment with the Company, and fully supersedes

any prior agreements or understandings, whether written or oral, except for the Terms and Conditions, that you expressly agreed to, which

includes, amongst other promises, a Jury Trial Waiver, and any applicable Confidentiality, Intellectual Property or Mutual Arbitration

Agreement you entered into as a condition of your employment with the Company.

Tina, congratulations

on your new role. Should you have any questions or concerns regarding your employment, or if there is anything further I can do to assist

you, please do not hesitate to contact me.

Best Regards,

/s/ Ned Linnen

Ned Linnen

EVP & Chief HR

Officer

Avis Budget Group

Understood and

accepted:

/s/ Tina Goldenberg

27-May-2026

Tina Goldenberg

Date

Enclosures

cc: D. Cunha

/ D. Calabria / J. Sera / B. Choi

Avis Budget

Group, Inc. 379 Interpace Pkwy, Parsippany, New Jersey 07054

GRAPHIC

Filename: logo.jpg · Sequence: 3

Binary file (7978 bytes)

Download logo.jpg

GRAPHIC

Filename: ab_logo.jpg · Sequence: 4

Binary file (4124 bytes)

Download ab_logo.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 9

v3.26.1

Cover

May 26, 2026

Cover [Abstract]

Document Type

8-K

Amendment Flag

false

Document Period End Date

May 26, 2026

Entity File Number

001-10308

Entity Registrant Name

Avis Budget Group, Inc.

Entity Central Index Key

0000723612

Entity Tax Identification Number

06-0918165

Entity Incorporation, State or Country Code

Entity Address, Address Line One

379 Interpace Parkway

Entity Address, City or Town

Parsippany

Entity Address, State or Province

Entity Address, Postal Zip Code

07054

City Area Code

973

Local Phone Number

496-4700

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common Stock, par value $0.01

Trading Symbol

CAR

Security Exchange Name

NASDAQ

Entity Emerging Growth Company

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration