0000840489false00008404892025-03-032025-03-03

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
fcfslogo.jpg
FIRSTCASH HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Delaware001-1096087-3920732
(State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)

1600 West 7th Street, Fort Worth, Texas 76102
(Address of principal executive offices, including zip code)

(817) 335-1100
(Registrant’s telephone number, including area code)

Not Applicable
(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))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $.01 per shareFCFSThe Nasdaq Stock Market

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).

Emerging growth company    ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Securities Exchange Act of 1934.    ☐


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.


* Indicates management contract or compensatory plan, contract or arrangement.

2

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, 2025FIRSTCASH HOLDINGS, INC.
(Registrant)
/s/ R. DOUGLAS ORR
R. Douglas Orr
Executive Vice President and Chief Financial Officer
(As Principal Financial and Accounting Officer)

3

EXHIBIT 10.1

AMENDMENT TO EMPLOYMENT AGREEMENT
BETWEEN
RICK L. WESSEL
AND
FIRSTCASH HOLDINGS, INC.

This Amendment to the Employment Agreement (the "Amendment") is made and entered into as of March 3, 2025 by and between FirstCash Holdings, Inc. (the "Company") and Rick Wessel (the "Executive").
WHEREAS, the Company and the Executive entered into an Employment Agreement dated February 25, 2022 (the "Agreement");
WHEREAS, the Company and the Executive desire to amend the Agreement to extend the term of the Agreement and adjust the base salary;
NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, the parties hereto agree as follows:
1.Extension of Term: The ending term of the Agreement (the “Term” as defined in Section 2.) is hereby changed to December 31, 2026 along with the commencement of the automatic renewal provision which is to become effective on December 31, 2026 as well.
2.Base Salary: The Executive's base salary (as defined in Section 4.(a)) shall be adjusted to $1,452,946 per year, effective as of January 1, 2025.
3.No Other Changes: Except as expressly amended hereby, the Agreement shall remain in full force and effect in accordance with its terms.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year first above written.
FirstCash Holdings, Inc.
By: __________________________
Name: James H. Graves
Title: Chair, Compensation Committee of the Board of Directors

Rick Wessel
By: __________________________
Rick Wessel


EXHIBIT 10.2

AMENDMENT TO EMPLOYMENT AGREEMENT
BETWEEN
T. BRENT STUART
AND
FIRSTCASH HOLDINGS, INC.

This Amendment to the Employment Agreement (the "Amendment") is made and entered into as of March 3, 2025 by and between FirstCash Holdings, Inc. (the "Company") and T. Brent Stuart (the "Executive").
WHEREAS, the Company and the Executive entered into an Employment Agreement dated February 25, 2022 (the "Agreement");
WHEREAS, the Company and the Executive desire to amend the Agreement to extend the term of the Agreement and adjust the base salary;
NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, the parties hereto agree as follows:
1.Extension of Term: The ending term of the Agreement (the “Term” as defined in Section 2.) is hereby changed to December 31, 2026 along with the commencement of the automatic renewal provision which is to become effective on December 31, 2026 as well.
2.Base Salary: The Executive's base salary (as defined in Section 4.(a)) shall be adjusted to $897,592 per year, effective as of January 1, 2025.
3.No Other Changes: Except as expressly amended hereby, the Agreement shall remain in full force and effect in accordance with its terms.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year first above written.
FirstCash Holdings, Inc.
By: __________________________
Name: Rick Wessel
Title: CEO

T. Brent Stuart
By: __________________________
T. Brent Stuart


EXHIBIT 10.3

AMENDMENT TO EMPLOYMENT AGREEMENT
BETWEEN
R. DOUGLAS ORR
AND
FIRSTCASH HOLDINGS, INC.

This Amendment to the Employment Agreement (the "Amendment") is made and entered into as of March 3, 2025 by and between FirstCash Holdings, Inc. (the "Company") and R. Douglas Orr (the "Executive").
WHEREAS, the Company and the Executive entered into an Employment Agreement dated February 25, 2022 (the "Agreement");
WHEREAS, the Company and the Executive desire to amend the Agreement to extend the term of the Agreement and adjust the base salary;
NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, the parties hereto agree as follows:
1.Extension of Term: The ending term of the Agreement (the “Term” as defined in Section 2.) is hereby changed to December 31, 2026 along with the commencement of the automatic renewal provision which is to become effective on December 31, 2026 as well.
2.Base Salary: The Executive's base salary (as defined in Section 4.(a)) shall be adjusted to $807,773 per year, effective as of January 1, 2025.
3.No Other Changes: Except as expressly amended hereby, the Agreement shall remain in full force and effect in accordance with its terms.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year first above written.
FirstCash Holdings, Inc.
By: __________________________
Name: Rick Wessel
Title: CEO

R. Douglas Orr
By: __________________________
R. Douglas Orr


EXHIBIT 10.4

AMENDMENT TO EMPLOYMENT AGREEMENT
BETWEEN
HOWARD HAMBLETON
AND
FIRSTCASH HOLDINGS, INC.

This Amendment to the Employment Agreement (the "Amendment") is made and entered into as of March 3, 2025 by and between FirstCash Holdings, Inc. (the "Company") and Howard Hambleton (the "Executive").
WHEREAS, the Company and the Executive entered into an Employment Agreement dated February 25, 2022 (the "Agreement");
WHEREAS, the Company and the Executive desire to amend the Agreement to extend the term of the Agreement and adjust the base salary;
NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, the parties hereto agree as follows:
1.Extension of Term: The ending term of the Agreement (the “Term” as defined in Section 2.) is hereby changed to December 31, 2026 along with the commencement of the automatic renewal provision which is to become effective on December 31, 2026 as well.
2.Base Salary: The Executive's base salary (as defined in Section 4.(a)) shall be adjusted to $681,408 per year, effective as of January 1, 2025.
3.No Other Changes: Except as expressly amended hereby, the Agreement shall remain in full force and effect in accordance with its terms.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year first above written.
FirstCash Holdings, Inc.
By: __________________________
Name: Rick Wessel
Title: CEO

Howard Hambleton
By: __________________________
Howard Hambleton


EXHIBIT 10.5

AMENDMENT TO EMPLOYMENT AGREEMENT
BETWEEN
RAUL RAMOS
AND
FIRSTCASH HOLDINGS, INC.

This Amendment to the Employment Agreement (the "Amendment") is made and entered into as of March 3, 2025 by and between FirstCash Holdings, Inc. (the "Company") and Raul Ramos (the "Executive").
WHEREAS, FirstCash, Inc. (the predecessor entity to FirstCash Holdings, Inc.) and the Executive entered into an Employment Agreement dated July 30, 2018 (the "Agreement");
WHEREAS, the Company and the Executive desire to amend the Agreement to extend the term of the Agreement and adjust the base salary;
NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, the parties hereto agree as follows:
1.Extension of Term: The ending term of the Agreement (the “Term” as defined in Section 2.) is hereby changed to December 31, 2026 along with the commencement of the automatic renewal provision which is to become effective on December 31, 2026 as well.
2.Base Salary: The Executive's base salary (as defined in Section 4.(a)) shall be adjusted to $549,000 per year, effective as of January 1, 2025.
3.No Other Changes: Except as expressly amended hereby, the Agreement shall remain in full force and effect in accordance with its terms.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year first above written.
FirstCash Holdings, Inc.
By: __________________________
Name: Rick Wessel
Title: CEO

Raul Ramos
By: __________________________
Raul Ramos

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Cover Page
Mar. 03, 2025
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Document Type 8-K
Document Period End Date Mar. 03, 2025
Entity Registrant Name FIRSTCASH HOLDINGS, INC.
Entity Incorporation, State or Country Code DE
Entity File Number 001-10960
Entity Tax Identification Number 87-3920732
Entity Address, Address Line One 1600 West 7th Street
Entity Address, City or Town Fort Worth
Entity Address, State or Province TX
Entity Address, Postal Zip Code 76102
City Area Code 817
Local Phone Number 335-1100
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Title of 12(b) Security Common Stock, par value $.01 per share
Trading Symbol FCFS
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