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        Cendant Corporation 8-K dated October 30, 2006
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        8-K</strong>&#160;</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
        REPORT</strong>&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><strong><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
        to Section 13 or 15(d) of the </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Securities
        Exchange Act of 1934 </font></strong></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Date
        of Report (Date of Earliest Event Reported): October 30, 2006 (October 25,
        2006)</strong></font></div>
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        Name of Registrant as Specified in its Charter) </font></div>
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                  or Other Jurisdiction of Incorporation)</font></div>
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                  Employer Identification No.)</font></div>
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        496-4700</strong>&#160;</font></div>
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        the
        appropriate box below if the Form 8-K filing is intended to simultaneously
        satisfy the filing obligation of the registrant under any of the following
        provisions: </font></div>
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        Written communications pursuant to Rule 425 under the Securities Act (17 CFR
        230.425) </font></div>
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        Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
        240.14a-12) </font></div>
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        ]</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
        Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
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        (17 CFR 240.14d-2(b)) </font></div>
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        Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
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        (17 CFR 240.13e-4(c)) </font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Item
        5.02. Departure of Directors or Principal Officers; Election of Directors;
        Appointment of Principal Officer.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">On
        October 25, 2006, our Board of Directors elected Ms. Lynn Krominga as a
        director, effective immediately. Ms. Krominga<strong>&#160;</strong>has most
        recently served as a consultant for several private equity and venture capital
        firms.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Ms.
        Krominga will stand for re-election by shareholders at our 2007 Annual Meeting.
        Ms. Krominga has been assigned to the Audit Committee of the Board of Directors
        replacing Martin L. Edelman on such Committee. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Ms.
        Krominga is an independent director under the New York Stock Exchange Listing
        Standards and our director independence criteria.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Our
        press
        release announcing Ms. Krominga&#8217;s appointment is attached as Exhibit 99.1 and
        incorporated by reference herein.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Item
        5.03. Amendments of Articles of Incorporation or Bylaws; Change in Fiscal
        Year.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">On
        October 26, 2006, the Company's Board of Directors approved amendments of the
        Company's Amended and Restated By-Laws (the "By-Laws") modifying the advance
        notice requirements for stockholders who wish to present proposals at annual
        meetings of stockholders or nominate directors at annual meetings of
        stockholders or special meetings of stockholders called for the purpose of
        electing directors. Specifically, the advance notice requirements have been
        amended to provide that, except as provided below, all stockholder nominations
        for directors and other proposals submitted by stockholders for consideration
        at
        an annual meeting must be received by the Company&#8217;s Secretary at least 60 days,
        and not earlier than 90 days, before the first anniversary of the preceding
        year&#8217;s annual meeting. In cases (i) where the annual meeting is not held within
        25 days before or after the first anniversary of the preceding year's annual
        meeting or (ii) where a stockholder desires to nominate directors at a special
        meeting at which directors are to be elected, the notice requirement has been
        further modified such that notice by the stockholder must be received by the
        Company's Secretary during the 10 day period following the Company's public
        announcement of the date of the meeting. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Previously,
        stockholders were required to submit to the Company&#8217;s Secretary (i) stockholder
        proposals for annual meetings not less than 60, nor more than 90, days prior
        to
        the meeting, except that stockholders had until the close of business on the
        10<sup>th</sup> day after the day the notice of the meeting was mailed to
        stockholders or publicly disclosed if notice or prior public disclosure of
        the
        date of the meeting was given or made to stockholders by the Company less than
        70 days prior to the meeting and (ii) stockholder nominations for directors
        (a)
        at an annual meeting, at least 90 days prior to the first anniversary of the
        preceding year&#8217;s annual meeting and (b) at a special meeting, no later than the
        close of business on the 10<sup>th</sup> day after notice of the meeting was
        first given to stockholders by the Company. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">In
        addition, the By-Laws were amended to clarify and supplement the information
        stockholders must submit and the procedures stockholders must follow in
        submitting proposals </font></div>
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        director nominations to the Company and to clarify that, at special meetings
        of
        stockholders, the only business that may be conducted is that specified in
        the
        notice of meeting.</font></div>
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        foregoing description of the amendment to the Company's By-Laws is not complete
        and is qualified in its entirety by reference to the text of the By-Laws
        attached hereto as Exhibit 3.1 and incorporated herein by
        reference.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        8.01. Other Events. </strong></font></div>
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        October 30, 2006, we announced that
        we have scheduled our 2007 Annual Meeting of Stockholders for May 21, 2007.
        Stockholders of record as of the close of business on April 3, 2007 are entitled
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        meeting date represents a change of more than 30 days from the anniversary
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        our 2006 Annual Meeting of Stockholders. Any shareholder proposal that is sought
        to be included in our proxy materials for this 2007 Annual Meeting pursuant
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        Rule 14a-8 of the Securities Exchange Act of 1934 must be received by us a
        reasonable time before we begin to print and mail our proxy materials. We have
        set the deadline for receipt of such proposals as the close of business on
        December 15, 2006. In addition, since our 2007 Annual Meeting has been set
        for a
        date that is not within 25 days of the anniversary of our 2006 Annual meeting,
        under our By-Laws, in order for a stockholder proposal submitted outside of
        Rule
        14a-8 or a director nomination to be considered timely, such proposal or
        nominations must be received by us not later than November 9, 2006. Proposals
        should be addressed to: Corporate Secretary, Avis Budget Group, Inc., 6 Sylvan
        Way, Parsippany, New Jersey 07054.</font></div>
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        release announcing the date of our 2007 Annual Meeting of Stockholders is
        attached as Exhibit 99.1 and incorporated by reference herein.</font></div>
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        9.01. Financial Statements and Exhibits. </strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        Exhibits. </font></div>
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        following exhibits are filed as part of this report: </font></div>
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              <tr>
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                <td align="left" valign="top" width="4%">&#160;</td>
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                    </font></div>
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">3.1</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                </td>
                <td align="left" valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Amended
                    and Restated By-Laws of Avis Budget Group, Inc., dated October
                    26,
                    2006.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                </td>
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">99.1</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                </td>
                <td align="left" valign="top" width="4%">&#160;</td>
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                    Release dated October 30, 2006.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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                <td align="left" valign="top" width="4%">&#160;</td>
                <td align="left" valign="top" width="131%">&#160;</td>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>SIGNATURE</strong>&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        to the requirements of the Securities Exchange Act of 1934, the registrant
        has
        duly caused this report to be signed on its behalf by the undersigned hereunto
        duly authorized. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
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            <tr>
              <td align="left" valign="bottom" width="20%">&#160;</td>
              <td align="left" valign="bottom" width="20%">&#160;</td>
              <td align="left" valign="bottom" width="28%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>AVIS
                  BUDGET GROUP, INC.</strong></font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
              <td align="left" valign="bottom" width="10%">&#160;</td>
            </tr>
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              <td align="left" valign="bottom" width="20%">&#160;</td>
              <td align="right" valign="bottom" width="20%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">By:</font></div>
              </td>
              <td align="justify" valign="bottom" width="28%" style="border-bottom: black thin solid;">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">/s/
                  Jean M. Sera</font></div>
              </td>
              <td align="left" valign="bottom" width="10%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="20%">&#160;</td>
              <td align="left" valign="bottom" width="20%">&#160;</td>
              <td align="left" valign="bottom" width="28%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Jean
                  M. Sera </font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Senior
                  Vice President and Secretary</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
              <td align="left" valign="bottom" width="10%">&#160;</td>
            </tr>
  
        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Date:
        October 30, 2006 </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div><br>
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        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
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          <div style="WIDTH: 100%; TEXT-ALIGN: center">
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        INDEX</u></strong>&#160;</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
          <div>
            <table cellpadding="0" cellspacing="0" width="100%">
  
                <tr>
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                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Exhibit&#160;No.<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;</font>&#160;</font></div>
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                </tr>
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                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">3.1</font></div>
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metadata_filer: {"company-data": {"conformed-name": "AVIS BUDGET GROUP, INC.", "cik": "0000723612", "assigned-sic": "6531", "irs-number": "060918165", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-10308", "film-number": "061172362"}, "business-address": {"street1": "6 SYLVAN WAY", "city": "PARSIPPANY", "state": "X1", "zip": "07054", "phone": "973-496-2579"}, "mail-address": {"street1": "6 SYLVAN WAY", "city": "PARSIPPANY", "state": "X1", "zip": "07054"}, "former-company": [{"former-conformed-name": "CENDANT CORP", "date-changed": "19971218"}, {"former-conformed-name": "CUC INTERNATIONAL INC /DE/", "date-changed": "19920703"}, {"former-conformed-name": "COMP U CARD INTERNATIONAL INC", "date-changed": "19870914"}]}
text: Cendant Corporation 8-K dated October 30, 2006
  UNITED
        STATES
  SECURITIES
        AND EXCHANGE COMMISSION
  WASHINGTON,
        DC 20549
  FORM
        8-K
  CURRENT
        REPORT
  Pursuant
        to Section 13 or 15(d) of the
  Securities
        Exchange Act of 1934
  Date
        of Report (Date of Earliest Event Reported): October 30, 2006 (October 25,
        2006)
  Avis
        Budget Group, Inc.
  (Exact
        Name of Registrant as Specified in its Charter)
  Delaware
  1-10308
  06-0918165
  (State
                  or Other Jurisdiction of Incorporation)
  (Commission
                  File Number)
  (IRS
                  Employer Identification No.)
  6
                  Sylvan Way
  Parsippany,
                  NJ
  07054
  (Address
                  of Principal Executive Offices)
  (Zip
                  Code)
  (973)
        496-4700
  (Registrant's
        telephone number, including area code)
  N/A
  (Former
        name or former address if changed since last report)
  Check
        the
        appropriate box below if the Form 8-K filing is intended to simultaneously
        satisfy the filing obligation of the registrant under any of the following
        provisions:
  [
        ]
        Written communications pursuant to Rule 425 under the Securities Act (17 CFR
        230.425)
  [
        ]
        Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
        240.14a-12)
  [
        ]
  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
        Act
        (17 CFR 240.14d-2(b))
  [
        ]
        Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
        Act
        (17 CFR 240.13e-4(c))
  Item
        5.02. Departure of Directors or Principal Officers; Election of Directors;
        Appointment of Principal Officer.
  On
        October 25, 2006, our Board of Directors elected Ms. Lynn Krominga as a
        director, effective immediately. Ms. Krominga
  has most
        recently served as a consultant for several private equity and venture capital
        firms.
  Ms.
        Krominga will stand for re-election by shareholders at our 2007 Annual Meeting.
        Ms. Krominga has been assigned to the Audit Committee of the Board of Directors
        replacing Martin L. Edelman on such Committee.
  Ms.
        Krominga is an independent director under the New York Stock Exchange Listing
        Standards and our director independence criteria.
  Our
        press
        release announcing Ms. Krominga's appointment is attached as Exhibit 99.1 and
        incorporated by reference herein.
  Item
        5.03. Amendments of Articles of Incorporation or Bylaws; Change in Fiscal
        Year.
  On
        October 26, 2006, the Company's Board of Directors approved amendments of the
        Company's Amended and Restated By-Laws (the "By-Laws") modifying the advance
        notice requirements for stockholders who wish to present proposals at annual
        meetings of stockholders or nominate directors at annual meetings of
        stockholders or special meetings of stockholders called for the purpose of
        electing directors. Specifically, the advance notice requirements have been
        amended to provide that, except as provided below, all stockholder nominations
        for directors and other proposals submitted by stockholders for consideration
        at
        an annual meeting must be received by the Company's Secretary at least 60 days,
        and not earlier than 90 days, before the first anniversary of the preceding
        year's annual meeting. In cases (i) where the annual meeting is not held within
        25 days before or after the first anniversary of the preceding year's annual
        meeting or (ii) where a stockholder desires to nominate directors at a special
        meeting at which directors are to be elected, the notice requirement has been
        further modified such that notice by the stockholder must be received by the
        Company's Secretary during the 10 day period following the Company's public
        announcement of the date of the meeting.
  Previously,
        stockholders were required to submit to the Company's Secretary (i) stockholder
        proposals for annual meetings not less than 60, nor more than 90, days prior
        to
        the meeting, except that stockholders had until the close of business on the
        10
  th
  day after the day the notice of the meeting was mailed to
        stockholders or publicly disclosed if notice or prior public disclosure of
        the
        date of the meeting was given or made to stockholders by the Company less than
        70 days prior to the meeting and (ii) stockholder nominations for directors
        (a)
        at an annual meeting, at least 90 days prior to the first anniversary of the
        preceding year's annual meeting and (b) at a special meeting, no later than the
        close of business on the 10
  th
  day after notice of the meeting was
        first given to stockholders by the Company.
  In
        addition, the By-Laws were amended to clarify and supplement the information
        stockholders must submit and the procedures stockholders must follow in
        submitting proposals
  or
        director nominations to the Company and to clarify that, at special meetings
        of
        stockholders, the only business that may be conducted is that specified in
        the
        notice of meeting.
  The
        foregoing description of the amendment to the Company's By-Laws is not complete
        and is qualified in its entirety by reference to the text of the By-Laws
        attached hereto as Exhibit 3.1 and incorporated herein by
        reference.
  Item
        8.01. Other Events.
  On
        October 30, 2006, we announced that
        we have scheduled our 2007 Annual Meeting of Stockholders for May 21, 2007.
        Stockholders of record as of the close of business on April 3, 2007 are entitled
        to vote at the annual meeting.
  This
        meeting date represents a change of more than 30 days from the anniversary
        of
        our 2006 Annual Meeting of Stockholders. Any shareholder proposal that is sought
        to be included in our proxy materials for this 2007 Annual Meeting pursuant
        to
        Rule 14a-8 of the Securities Exchange Act of 1934 must be received by us a
        reasonable time before we begin to print and mail our proxy materials. We have
        set the deadline for receipt of such proposals as the close of business on
        December 15, 2006. In addition, since our 2007 Annual Meeting has been set
        for a
        date that is not within 25 days of the anniversary of our 2006 Annual meeting,
        under our By-Laws, in order for a stockholder proposal submitted outside of
        Rule
        14a-8 or a director nomination to be considered timely, such proposal or
        nominations must be received by us not later than November 9, 2006. Proposals
        should be addressed to: Corporate Secretary, Avis Budget Group, Inc., 6 Sylvan
        Way, Parsippany, New Jersey 07054.
  Our
        press
        release announcing the date of our 2007 Annual Meeting of Stockholders is
        attached as Exhibit 99.1 and incorporated by reference herein.
  Item
        9.01. Financial Statements and Exhibits.
  (d)
        Exhibits.
  The
        following exhibits are filed as part of this report:
  Exhibit No.
  Description
  3.1
  Amended
                    and Restated By-Laws of Avis Budget Group, Inc., dated October
                    26,
                    2006.
  99.1
  Press
                    Release dated October 30, 2006.
  SIGNATURE
  Pursuant
        to the requirements of the Securities Exchange Act of 1934, the registrant
        has
        duly caused this report to be signed on its behalf by the undersigned hereunto
        duly authorized.
  AVIS
                  BUDGET GROUP, INC.
  By:
  /s/
                  Jean M. Sera
  Jean
                  M. Sera
  Senior
                  Vice President and Secretary
  Date:
        October 30, 2006
  EXHIBIT
        INDEX
  Exhibit No.
  Description
  3.1
  Amended
                      and Restated By-Laws of Avis Budget Group, Inc., dated October
                      26,
                      2006.
  99.1
  Press
                      Release dated October 30, 2006.