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i335-1100
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Securities registered pursuant to Section 12(b) of the Act:
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iCommon Stock, par value $.01 per share
iFCFS
iThe
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).
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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.
New Director Appointment
On
December 18, 2020, the Board of Directors (the “Board”) of FirstCash, Inc., (the “Company”) appointed Ms. Paula K. Garrett to the Board effective January 1, 2021. Ms. Garrett was appointed to serve in the class of directors with a term expiring at the 2022 annual meeting of the Company’s stockholders. Furthermore, Ms. Garrett has been appointed to serve on the Audit Committee of the Board. The Board has determined that Ms. Garrett is “independent” under applicable Nasdaq rules and under the Company's Corporate Governance Guidelines.
Ms. Garrett, age 59, serves as the vice president of finance, operations
and information system technology for the Latin America region, of Mary Kay, Inc., a position she has held since 2005. In this role, she leads the financial, operational, technology and other market development functions for all of Mary Kay’s Latin America markets, which include Mexico, Brazil, Argentina, Uruguay, Colombia and Peru. Mary Kay is a multibillion-dollar direct selling beauty company with millions of independent sales force members in nearly 40 markets worldwide. From 1999 to 2004, Ms. Garrett previously held roles at Mary Kay as region controller, Latin America and internal audit project manager. Ms. Garrett’s employment experience also includes service as internal audit manager of Oryx Energy Company from 1998 to 1999 and experience in a progression of accounting and internal audit positions from 1984 to 1998.
Ms. Garrett will participate in the annual compensation package
for non-employee directors in accordance with the Company's non-employee director compensation program.
In connection with the appointment of Ms. Garrett,
the Board has effected certain changes to the composition of its committees with the new composition of each committee as follows:
Audit Committee:
Daniel E. Berce (chair), Paula K. Garrett, Randel G. Owen
Nominating and Corporate Governance Committee:
Randel G. Owen (chair), Mikel D. Faulkner, James H. Graves
Compensation Committee:
James
H. Graves (chair), Daniel E. Berce, Mikel D. Faulkner
Cover Page Interactive Data File (embedded within the Inline XBRL document contained in Exhibit 101)
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 thereunto duly authorized.