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Hertz delays annual report

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  • | 4:50 p.m. March 3, 2014
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  • Charlotte–Lee–Collier
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NAPLES — Hertz, the car-rental giant that is moving its headquarters to Southwest Florida, requested a delay to file its annual report with regulators.

“As a result of the company's recent implementation of an enterprise resource planning (ERP) system, the company encountered significant issues during the preparation of its annual financial statements which impacted its resources and overall system of financial reporting,” the company says in a securities filing.

“During the course of the preparation of the company's 2013 financial statements it identified certain adjustments relating to prior periods which will require the company to revise certain of its previously issued financial statements,” the filing says. “The company does not expect that these revisions to its financial statements will have a material impact on the company's previously reported results of operations, financial condition or liquidity.”

In the regulatory filing with the Securities and Exchange Commission on Monday morning, Hertz says it plans to file its annual report within the 15-day extension it has requested.

Hertz is moving its corporate headquarters from New Jersey to Estero. Its top executives currently occupy leased space in Naples.


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