Hertz's Receives Notice From NYSE Of Failure To Meeting Listing Standard

Shares of Hertz Global Holdings fell 1.4% in after-hours trade Tuesday, after the car rental company said it received notice from the New York Stock Exchange of its failure to file its annual report on time. Hertz said in statement that it was unable to timely file its annual report because of "the ongoing nature of the company's previously announced thorough review and investigation of its internal financial records for fiscal years 2011, 2012 and 2013." Hertz said it doesn't expect to be able to file the annual report before mid-2015. The company said it has until Sept. 17 to meet filing standards. The stock has lost 15% so far this year through Tuesday, while the S&P 500 has gained 1.6%.

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