Avis Budget Group, Inc. Form 8-K dated June 15, 2007
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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): June
15, 2007 (June 15, 2007)
_________________
Avis
Budget Group, Inc.
(Exact
Name of Registrant as Specified in its Charter)
_________________
|
Delaware
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1-10308
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06-0918165
|
|
(State
or Other Jurisdiction of Incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
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6
Sylvan Way
Parsippany,
NJ
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07054
|
|
(Address
of Principal Executive Offices)
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(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:
[
]
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))
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Item
5.02.
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Departure
of Directors or Certain Officers; Election of Directors; Appointment
of
Certain Officers; Compensatory Arrangements
of
Certain Officers.
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On
June
15, 2007, Brett D. Weinblatt was appointed as the Company’s Chief Accounting
Officer, replacing John T. McClain in that role.
The
transition of the responsibilities of principal accounting officer from Mr.
McClain to Mr. Weinblatt had been planned since 2006, reflecting the significant
reduction in separation-related activities that has occurred, as expected,
over
the last several months.
Mr.
Weinblatt, age 38, has been Senior Vice President and Controller of Avis
Budget Group since August 2006 and was previously Senior Vice President and
Controller of the vehicle rental business of Cendant Corporation from July
2005.
Prior to joining our Company, Mr. Weinblatt held various senior leadership
finance positions with Alpharma Inc., a specialty pharmaceutical company,
including chief financial officer of Alpharma’s Animal Health Division, from
June 2002. Prior to joining Alpharma, Mr. Weinblatt was employed by Honeywell
International Inc. (formerly AlliedSignal Inc.) and Deloitte & Touche LLP.
Mr. Weinblatt is a certified public accountant in the State of New
Jersey.
Mr.
McClain will continue to oversee the remaining functions associated with our
legacy as the former parent company of Realogy Corporation, Wyndham Worldwide
Corporation and Travelport. Given the likelihood that the scope of these
responsibilities will diminish as these legacy activities transition to each
company, we expect that Mr. McClain will leave the Company before the end of
2007.
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.
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AVIS
BUDGET GROUP, INC.
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By:
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/s/
Jean M. Sera
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Jean
M. Sera
Senior
Vice President and Secretary
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Date:
June 15, 2007