For what quarterly period is the Company's Report on Form 10-Q 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, Item 21 references the company's Quarterly Report on Form 10-Q for the period ended September 30, 2021. This report is dated November 2, 2021, and it is related to an amendment to the Avis Budget Group, Inc. Amended and Restated Equity and Incentive Plan.
For a prospective franchisee, this information is relevant because it provides insight into the financial documents that Budget includes in its FDD. Form 10-Q reports offer a snapshot of the company's financial performance on a quarterly basis, and they are often included as exhibits in the FDD to give potential franchisees a better understanding of the company's financial health.
It is important to note that this particular 10-Q report is related to equity and incentive plans, which may not directly impact the day-to-day operations of a Budget franchise. However, understanding the company's overall financial reporting practices can help a franchisee assess the stability and transparency of the franchisor.