What form is the Company's Quarterly Report on, as referenced in the Budget FDD?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| 10.6 | Fourth Amended and Restated Cooperation Agreement, dated as of December 23, 2022, by and among Avis Budget Group, Inc., SRS Investment Management, LLC and certain of its affiliates (Incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K dated December 27, 2022). |
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| 10,7 | Avis Budget Group, Inc. Amended and Restated Eguity and Incentive Plan (Incorporated by reference to Annex A to the Company's Definitive Proxy Statement on Schedule 14A, dated March 26, 2019).† |
| 10.8 | Amendment to the Avis Budget Group, Inc. Amended and Restated Equity and Incentive Plan dated October 26, 2021 (Incorporated by reference to Exhibit 10.3 to the Company's Quarterly Report on Form 10-Q for the numericardy period ended Sectember 30, 2021, dated November 2, 2021), if |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the Company's Quarterly Report is filed on Form 10-Q. Specifically, the document references an amendment to the Avis Budget Group, Inc. Amended and Restated Equity and Incentive Plan, which is incorporated by reference to Exhibit 10.3 of the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021, dated November 2, 2021.
This indicates that Budget, as a publicly traded company (Avis Budget Group, Inc.), is required to file quarterly reports with the Securities and Exchange Commission (SEC) using Form 10-Q. These reports provide updates on the company's financial performance and other relevant information to investors and the public.
For a prospective franchisee, this information is useful because it confirms that Budget is subject to regulatory oversight and provides regular financial disclosures. Franchisees can access these Form 10-Q filings to review Budget's financial performance, which may help them assess the overall health and stability of the franchise system. Reviewing these reports can offer insights into the company's revenues, expenses, and profitability, allowing potential franchisees to make more informed decisions about investing in a Budget franchise.