What information about the Budget licensee's officers, directors, and managers must be provided to Budget?

According to Budget's 2025 Franchise Disclosure Document, a licensee must notify Budget of the names and addresses of all of the licensee's officers, directors, and managers. Furthermore, the licensee must notify Budget immediately if there are any changes to these positions. This notification must include providing Budget with organizational documents executed to effect or approve such change, as set forth in Exhibit G.

Budget also reserves the right to periodically run criminal background checks and credit checks on any of the licensee's officers, directors, and managers, including at the time of renewal. This allows Budget to ensure that individuals in key positions meet their standards and maintain the integrity of the Budget brand.

In the event of a transfer of the license, the transferring licensee must submit to Budget written notice of its intent to transfer, along with several documents and information for Budget's review. This includes the names, addresses, and phone numbers (both business and personal) of the transferee, its shareholders, members and/or partners, and its officers, directors, and operational management personnel related to the Rental Business. This information must be certified as true, correct, and complete by the transferee, its shareholders, members, and/or partners.