HERC is a major player in the oilandgas sector

Hertz Unable to File Third Quarter Results

Nov. 10, 2014
Hertz Global Holdings said in a filing with the Securities Exchange Commission that it will be unable to file its quarterly report for the third quarter, for the third consecutive quarter “because of the ongoing nature of the company’s previously announced thorough review of its internal financial records for fiscal years 2011, 2012 and 2013.”

Hertz Global Holdings said in a filing with the Securities Exchange Commission that it will be unable to file its quarterly report for the third quarter for the third consecutive quarter “because of the ongoing nature of the company’s previously announced thorough review of its internal financial records for fiscal years 2011, 2012 and 2013.”

Hertz previously announced that its announced earnings for 2011-2013 could not be relied upon because of accounting error. Turmoil in the company and dissatisfaction on the part of shareholders led to the resignation of chairman and CEO Mark Frissora.

Hertz Global Holdings is the parent company to North America’s third largest equipment rental company Hertz Equipment Rental Corp.