Avis Budget Group, Inc. (NASDAQ:CAR) Files An 8-K Submission of Matters to a Vote of Security Holders

Avis Budget Group, Inc. (NASDAQ:CAR) Files An 8-K Submission of Matters to a Vote of Security Holders

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Item 5.07

Submission of Matters to a Vote of Security Holders.
On May 16, 2017, Avis Budget Group, Inc. (the Company) held its
2017 Annual Meeting of Stockholders in Wilmington, Delaware. The
following matters were submitted to a vote of stockholders and
the voting results were as follows:
(1)
Election of Directors: The twelve nominees named in the
Companys 2017 proxy statement were elected to serve a
one-year term expiring in 2018 and until their successors
are duly elected and qualified, based upon the following
votes:
Director Nominee
Votes For
Votes Against
Abstain
Broker Non-Votes
Ronald L. Nelson
62,802,323
3,122,675
47,073
6,573,728
Brian J. Choi
64,494,523
1,345,271
132,277
6,573,728
Mary C. Choksi
64,888,121
979,054
104,896
6,573,728
Leonard S. Coleman
64,113,782
1,730,610
127,679
6,573,728
Larry D. De Shon
64,734,578
1,159,657
77,836
6,573,728
Jeffrey H. Fox
64,918,248
948,925
104,898
6,573,728
John D. Hardy, Jr.
64,764,687
1,073,895
133,489
6,573,728
Lynn Krominga
64,888,133
981,729
102,209
6,573,728
Eduardo G. Mestre
64,916,834
942,157
113,080
6,573,728
F. Robert Salerno
64,960,013
945,826
66,232
6,573,728
Stender E. Sweeney
64,736,786
1,131,311
103,974
6,573,728
Sanoke Viswanathan
64,809,249
1,035,601
127,221
6,573,728
(2)
Ratification of Appointment of Independent Registered
Accounting Firm:>>The appointment of Deloitte Touche
LLP to serve as the Companys independent registered
accounting firm for fiscal year 2017 was ratified as
follows:
Votes For
Votes Against
Abstain
71,744,845
661,404
139,550
(3)
Advisory Approval of the Compensation of our Named
Executive Officers: The proposal to approve, on an advisory
basis, the compensation of the Companys named executive
officers, as described in the Companys 2017 proxy
statement, was approved by the following votes:
Votes For
Votes Against
Abstain
Broker Non-Votes
65,392,323
526,928
52,820
6,573,728
(4)
Advisory Vote on the Frequency of the Advisory Vote on
Executive Compensation: A majority of the Companys
shareholders recommended, on a non-binding advisory basis,
to hold an advisory vote on executive compensation on an
annual basis, by the votes set forth in the table below:
One-Year
Frequency Vote
Two-Year
Frequency Vote
Three -Year
Frequency Vote
Abstain
Broker Non-Votes
53,705,945
143,102
12,009,520
113,504
6,573,728
Based on these results, and consistent with the Companys
recommendation, the Board of Directors has determined to continue
to hold an advisory vote on executive compensation on an annual
basis (i.e., every year).


About Avis Budget Group, Inc. (NASDAQ:CAR)

Avis Budget Group Inc. is a provider of vehicle rental and car sharing services. The Company operates three brands, which include Avis, Budget and Zipcar. Avis is a rental car supplier and Budget is a rental vehicle supplier. It also owns Payless, which a car rental brand, and Apex, which is a car rental brand in New Zealand and Australia. It operates in two segments: Americas and International. The Americas segment provides and licenses the Company’s brands to third parties for vehicle rentals and ancillary products and services in North America, South America, Central America and the Caribbean, and operates its car sharing business in certain of these markets. The International segment provides and licenses the Company’s brands to third parties for vehicle rentals and ancillary products and services in Europe, the Middle East, Africa, Asia, South America, Central America, the Caribbean, Australia and New Zealand, and operates its car sharing business in certain of these markets.

Avis Budget Group, Inc. (NASDAQ:CAR) Recent Trading Information

Avis Budget Group, Inc. (NASDAQ:CAR) closed its last trading session up +0.84 at 22.38 with 4,071,457 shares trading hands.

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