Hertz Global Announces Definitive Agreement With Carl Icahn - Quick Facts

(RTTNews) - Hertz Global Holdings Inc. (HTZ) announced a definitive agreement with Carl Icahn and affiliated entities under which Vincent Intrieri, Samuel Merksamer and Daniel Ninivaggi have been appointed to the Hertz Board as Class II, Class I and Class I directors, respectively. Messrs. Intrieri, Merksamer and Ninivaggi have also been appointed as directors to The Board. Henry Wolf, Barry Beracha and Philippe Laffont have retired from the Board. The Hertz Board now comprises nine independent directors and will expand to ten directors upon the appointment of a permanent Chief Executive Officer.

Carl Icahn, together with his affiliates, beneficially owns approximately 38.8 million shares of Hertz common stock, which represents approximately 8.48% of Hertz's outstanding shares. Icahn has also agreed to vote the shares he controls in support of Hertz's slate of director nominees at the 2015 Annual Meeting.