UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): August 5, 2025
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S Employer Identification No.) | ||||||||||||||||||
(Address of principal executive offices and zip code)
(239 ) 301-1000
(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:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of exchange on which registered | ||||||||||||
| | | |||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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ITEM 8.01 OTHER EVENTS.
On July 31, 2025, Herc Holdings Inc., through its subsidiaries (“Herc”), completed the sale of its Cinelease studio entertainment and lighting and grip equipment rental business (“Cinelease”). Zello, a private investment platform, acquired Cinelease for initial cash consideration of $100 million and agreed upon earn outs pursuant to a Sale and Purchase Agreement. Herc will use the net proceeds from the sale of Cinelease to repay indebtedness incurred pursuant to its credit facility.
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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.
| HERC HOLDINGS INC. | ||||||||
| (Registrant) | ||||||||
| By: | /s/ S. Wade Sheek | |||||||
| Name: | S. Wade Sheek | |||||||
| Title: | Senior Vice President, Chief Legal Officer and Secretary | |||||||
Date: August 5, 2025
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