Restatements possible at Hertz, shares -8.4%

|About: Hertz Global Holdings, Inc. (HTZ)|By:, SA News Editor

Hertz (HTZ) says it has determined that at least one material weakness existed in its internal controls over financial reporting.

The disclosure is included in a new SEC filing in which the company says financial statements dating back to fiscal year 2011 may need to be adjusted after a "thorough" review.

SEC Form 8-K

HTZ -8.4% premarket