Flash FinanceUS
Market open S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Avis Budget (CAR)

Avis Budget Group: Chief Digital & Innovation Officer Ravi Simhambhatla to leave company

Neutral Impact 3 of 5 leadership Written later

Avis Budget Group announced that Ravi Simhambhatla, Executive Vice President and Chief Digital & Innovation Officer, will leave the company. He will stay in his current role until September 30, 2026 to ensure a smooth transition. The filing contains no financial results or replacement details.

Key points

  • Ravi Simhambhatla, Executive Vice President and Chief Digital & Innovation Officer, is leaving the company
  • He remains in his current position until September 30, 2026
  • Company says he served for the past four years
  • Filing does not name a successor

The filing

CompanyAvis Budget (CAR)
Form8-K, current report
Filed with the SECSep 1, 2026, 4:17 PM ET
Accession number0000950142-26-002479

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 01, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.