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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
AVIS BUDGET GROUP, INC.
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(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
053774105
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(CUSIP Number)
Check the following box if a fee is being paid with this statement / /. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*The remainder of this cover shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Cusip No. 053774105 13G Page 2 of 7 Pages
1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
-------------------------------------------------------------
SAMUEL R. SHAPIRO --
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b)
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
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SAMUEL R. SHAPIRO IS A UNITED STATES CITIZEN
NUMBER OF 5. SOLE VOTING POWER 60,000
SHARES
BENEFICIALLY 6. SHARED VOTING POWER 0
OWNED BY
EACH 7. SOLE DISPOSITIVE POWER 60,000
REPORTING PERSON
WITH 8. SHARED DISPOSITIVE POWER 0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
60,000
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.06 %
12. TYPE OF REPORTING PERSON*
IN
Cusip No. 053774105 13G Page 3 of 7 Pages
1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
-------------------------------------------------------------
SHAPIRO CAPITAL MANAGEMENT LLC -- ID NO. 58-1830170
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b)
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
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SHAPIRO CAPITAL MANAGEMENT LLC IS A DELAWARE LIMITED LIABILITY COMPANY
NUMBER OF 5. SOLE VOTING POWER 12,509,522
SHARES
BENEFICIALLY 6. SHARED VOTING POWER 3,698,980
OWNED BY
EACH 7. SOLE DISPOSITIVE POWER 16,208,502
REPORTING PERSON
WITH 8. SHARED DISPOSITIVE POWER 0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,208,502
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.03%
12. TYPE OF REPORTING PERSON*
IA
Cusip No. 053774105 13G Page 4 of 7 Pages
Schedule 13G Additional Information
Item #
1. (a) Name of Issuer: AVIS BUDGET GROUP, INC.
(b) Address of Issuer's Principal Executive Offices:
6 SYLVAN WAY
PARSIPPANY, NJ 07054
2. (a) Name of Person Filing:
SAMUEL R. SHAPIRO, SHAPIRO CAPITAL MANAGEMENT LLC
(b) Address of Principal Business Office for Each of the Above:
3060 PEACHTREE ROAD, SUITE 1555 N.W., ATLANTA, GEORGIA 30305
(c) Citizenship:
SAMUEL R. SHAPIRO -- U.S. CITIZEN
SHAPIRO CAPITAL MANAGEMENT LLC -- Delaware Limited Liability Company
(d) Title of Class of Securities:
COMMON STOCK, $0.01 PAR VALUE
(e) CUSIP Number:
988858106
3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b). The
person filing is a:
IA
Cusip No. 053774105 13G Page 5 of 7 Pages
4. Ownership:
(a) Amount Beneficially Owned: 16,208,502
(b) Percent of Class: 16.03%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 12,509,522
(ii) shared power to vote or to direct the vote 3,698,980
(iii) sole power to dispose or to direct the disposition of 16,208,502
(iv) shared power to dispose or to direct the disposition of 0
5. Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following. / /
6. Ownership of More than Five Percent on Behalf of Another Person:
See attached
7. Identification and Classification of the Subsidiary which Acquired the
Security Being Reported on by the Parent Holding Company
N/A
8. Identification and Classification of Members of the Group:
N/A
9. Notice of Dissolution of Group:
N/A
10. Certification:
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect
of changing or influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in any transaction
having such purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
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Date:
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Signature
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Name/Title
Cusip No. 053774105 13G Page 6 of 7 Pages
INTRODUCTORY NOTE
This Schedule 13G is being filed by Shapiro Capital Management LLC, an
investment adviser under the Investment Advisers Act of 1940. One or more of
Shapiro Capital Management LLC's advisory clients is the legal owner of the
securities covered by this statement. Pursuant to the investment advisory
agreements with its clients, Shapiro Capital Management LLC has the authority to
direct the investments of its advisory clients, and consequently to authorize
the disposition of the Issuer's shares.
This Schedule l3G is also being filed by Samuel R. Shapiro. Mr. Shapiro is the
chairman, a director and majority shareholder of Shapiro Capital Management LLC,
in which capacity he exercises dispositive power over the securities reported
herein by Shapiro Capital Management LLC. Mr. Shapiro, therefore, may be deemed
to have indirect beneficial ownership over such securities. Unless otherwise
indicated herein, Mr. Shapiro has no interest in dividends or proceeds from the
sale of such securities, owns no such securities for his own account and
disclaims beneficial ownership of all for securities reported herein by Shapiro
Capital Management LLC. The aggregate number and percentage of the Issuer's
securities to with this Schedule 13G relates is 16,208,502 representing 16.03%
of the Issuer's outstanding shares. The beneficial ownership reported by Samuel
R. Shapiro and Shapiro Capital Management LLC relates to the same shares of the
Issuer in which each such reporting person has a separate beneficial interest.
As of July 31, 2008, Mr. Shapiro owns 60,000 shares of the Issuer for his own
account. He may be deemed to be the beneficial owner of the 16,208,502 shares as
disclosed in Item 4C of the Schedule 13G.
Item 6. Samuel R. Shapiro is the chairman, director and majority shareholder of
Shapiro Capital Management LLC. He owns no shares of the Issuer for his
individual account, but is deemed to have beneficial ownership of the shares
reported on the Schedule 13G by virtue of his affiliation with Shapiro Capital
Management LLC.
Shapiro Capital Management LLC is an Investment Advisor registered
under the Investment Advisers Act of 1940 and some of its clients have the right
to receive dividends from the securities which it manages, however, no such
client has an interest relating to more than five percent of the class to which
this Schedule 13G applies.
Item 10. Certification.
Date: July 31, 2008
SAMUEL R. SHAPIRO
Samuel R. Shapiro, in his
individual capacity and as
Chairman of Shapiro Capital Management LLC
Cusip No. 053774105 13G Page 7 of 7 Pages
AGREEMENT RELATIVE TO THE
FILING OF SCHEDULE 13G
THIS AGREEMENT, made as of the 8th day of August, 2008, by and between
Shapiro Capital Management LLC, a Delaware Limited Liability Company (an
investment adviser registered with under the Section 203 of the Investment
Advisers Act of 1940) (the "Adviser"), and Samuel R. Shapiro, Chairman, director
and majority shareholder of the Adviser ("Affiliated Person");
WITNESSETH:
WHEREAS, the Affiliated Person and the Adviser are both persons required,
pursuant to 17 C.F.R.240.13d-1, to file a statement containing the information
required by Schedule 13G with respect to the following Issuer:
AVIS BUDGET GROUP, INC.
Cusip No. 053774105
WHEREAS, the Affiliated Person and the Adviser are each individually
eligible to use Schedule 13G; and
WHEREAS, the Affiliated Person and the Adviser are each responsible for the
timely filing of said Schedule 13G and any amendments thereto, and for the
completion and accuracy of the information concerning each, but not on the
behalf of any other, unless any knows or has reason to know that the information
concerning any other is inaccurate; and
WHEREAS, the Schedule 13G attached hereto identifies all the persons and
contains the required information with regard to the Affiliated Person and the
Adviser so that it may be filed with the appropriate persons, agencies and
exchanges on behalf of each of them; and
WHEREAS, the Affiliated Person and the Adviser desire to file the Schedule
13G attached hereto on behalf of each of them.
NOW, THEREFORE, in consideration of the mutual agreements and covenants set
forth herein, the parties hereto agree that the Schedule 13G attached hereto
shall be executed by the Affiliated Person, in his individual capacity and as
Chairman of the Adviser, and filed with the appropriate persons, agencies and
exchanges, on behalf of both of them.
IN WITNESS WHEREOF, the undersigned have executed this Agreement Relative
to the Filing of Schedule 13G as of the day, month and year first above written.
SAMUEL R. SHAPIRO
Samuel R. Shapiro, in his
individual capacity and as
Chairman of Shapiro Capital Management LLC