FirstCash Holdings Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
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Other Specialty Stores
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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): March 3, 2025
(Exact name of registrant as specified in its charter)
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(817 ) 335-1100
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Not Applicable
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 3, 2025, the Company amended the existing employment agreements of the named executive officers (the “Amendments”). The named executive officers are Rick L. Wessel, the Company’s Chief Executive Officer, T. Brent Stuart, the Company’s President and Chief Operating Officer, R. Douglas Orr, the Company’s Executive Vice President and Chief Financial Officer, Howard F. Hambleton, the Company’s President of AFF, and Raul Ramos, the Company’s SVP Latin American Operations.
The Amendments extend the term of the employment agreements to December 31, 2026, and the date on which automatic one-year extensions become effective, which is now December 31, 2026. In addition, the Amendments provide for annual base salaries, to be effective as of January 1, 2025, in the following amounts: $1,452,946 for Mr. Wessel, $897,592 for Mr. Stuart, $807,773 for Mr. Orr, $681,408 for Mr. Hambleton and $549,000 for Mr. Ramos, in each case continue to be subject to annual review and increases in the discretion of the Committee.
There were no other changes, and except as expressly amended hereby, the existing agreements shall remain in full force and effect in accordance with its terms.
The amendments to the employment agreements of Messrs. Wessel, Stuart, Orr, Hambleton and Ramos are filed as Exhibits 10.1, 10.2, 10.3, 10.4 and 10.5, respectively, to this Current Report on Form 8-K and each is incorporated herein by reference and the foregoing descriptions of these employment agreement are qualified in their entirety by these exhibits.
Item 9.01 Financial Statements and Exhibits.
| (d) Exhibits: | |||||||||||
| 10.1 | |||||||||||
| 10.2 | |||||||||||
| 10.3 | |||||||||||
| 10.4 | |||||||||||
| 10.5 | |||||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document contained in Exhibit 101) | ||||||||||
* Indicates management contract or compensatory plan, contract or arrangement.
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SIGNATURES
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.
| Dated: March 5, 2025 | FIRSTCASH HOLDINGS, INC. | ||||
| (Registrant) | |||||
| /s/ R. DOUGLAS ORR | |||||
| R. Douglas Orr | |||||
| Executive Vice President and Chief Financial Officer | |||||
| (As Principal Financial and Accounting Officer) | |||||
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