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Hertz Approves Equipment Rental Separation

The board of directors at Hertz Global Holdings has approved the announced separation of its car rental and equipment rental businesses. The equipment rental company will change its name to Herc Holdings Inc.

Hertz Completes Financial Restatements

The restatements reduced Hertz’s profits by a cumulative $128 million for years 2011, 2012 and 2013, or nearly 20% of previously stated profits. Richard Broome resigns.

Hertz Fails to File Annual Report by Extension Date

As a result of Hertz Global Holding Inc.’s ongoing review and investigation of internal financial records for fiscal years 2011, 2012 and 2013, Hertz was unable to file the Securities and Exchange Commission’s 2014 Form 10-K by the extended due date of March 17, 2015.

Hertz Looks to Put Troubles Behind

This year has been one of turmoil and change for the Hertz Corp., as it parted ways with its CEO and has yet to file a financial report in 2014.

Hertz Broadens Earnings Restatements to Three Years

In addition to restating 2011 financial statements in June, the Audit Committee of the Hertz Board of Directors has found that the 2012 and 2013 annual and quarterly financial statements must also be restated and can no longer be used.