NAPLES — Investors in car-rental giant Hertz will have to wait to get a true picture of the company's financial condition, the company says in a filing.
In a filing with the Securities and Exchange Commission, Hertz says it is unable to file a quarterly earnings report for the period ending Sept. 30. The company did not say when it might file the report.
Hertz has told investors that it is reviewing its financial records for each year back to 2011. In the filing, the company says prior years' financial performance will potentially affect the results for 2014.
Hertz Chairman and CEO Mark Frissora resigned in September following reports of accounting and operational problems. Frissora engineered the relocation of Hertz' global headquarters from New Jersey to Southwest Florida, where it is building an $85 million corporate campus in Estero.