Hertz Global Holdings has received a stock-delisting warning
from the New York Stock Exchange (NYSE) after missing a deadline for filing its
2014 financial results.
Hertz, which is also in the process of restating its results
for the three years ended 2013, said Tuesday that it received a March 18
notification from the NYSE saying that it has until Sept. 17 to file its annual
results, after which the NYSE can start delisting proceedings. Hertz added that
the NYSE has the discretion to extend the so-called “cure” period another six
months past Sept. 17.
Such financial
reporting issues helped spur activist shareholders, led by Carl Icahn, to push
for the resignation of former CEO Mark Frissora last September. Frissora was
succeeded in November by John Tague, former president and COO of United
Airlines.