First Cash Financial Services, Inc. 8-K
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): November 7, 2006
First
Cash Financial Services, Inc.
(Exact
name of registrant as specified in its charter)
Delaware
(State
or
other jurisdiction of incorporation)
|
0-19133
(Commission
File Number)
|
|
75-2237318
(IRS
Employer Identification No.)
|
690
East Lamar Blvd., Suite 400, Arlington, Texas 76011
(Address
of principal executive offices, including zip code)
(817)
460-3947
(Registrant's
telephone number, including area code)
Item
1.02 Termination of a Material Definitive Agreement
Mr.
Alan
Barron’s December 2004 employment contract with First Cash Financial Services,
Inc. (the “Company”) was terminated as described in Item 5.02
below.
Item
5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
Effective
November 7, 2006, the Company announced the resignation of Mr. Alan Barron,
the
Company’s Chief Executive and Chief Operating Officer, and announced the
appointment of Mr. Rick Wessel as its Chief Executive Officer. Mr. Wessel will
retain his existing duties and titles of Vice Chairman of the Board of Directors
and President. Mr. Wessel will relinquish his current non-executive positions
of
Secretary and Treasurer; these positions will be assumed by Mr. Doug Orr, the
Company’s Executive Vice President and Chief Financial Officer. The
responsibilities of the chief operating officer position will be assumed by
the
chief executive officer position. Mr. Wessel’s increased responsibilities will
be governed under his current employment agreement.
Mr.
Barron’s December 2004 employment contract with the Company was terminated
effective November 7, 2006 by the mutual agreement of the parties.
Mr.
Barron will be paid severance compensation through December 30, 2006
in an amount equal to his former annual base salary, on a pro rated
basis.
A
press
release announcing the resignation of Mr. Barron and the appointment of Mr.
Wessel as Chief Executive Officer, which also provides Mr. Wessel’s biographical
information, is attached as Exhibit 99.1. As Messrs. Wessel and Orr are named
executive officers of the Company, information relating to their compensation,
stock ownership, and existing employment agreements is set forth in the
Company’s most recent Schedule 14A Definitive Proxy Statement.
Item
9.01 Financial
Statements and Exhibits
| |
Exhibit
99.1
|
Press
Release dated November 7, 2006 announcing the resignation of Mr. Alan
Barron and the appointment of Mr. Rick Wessel as Chief Executive
Officer. |
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.
| |
|
|
| |
FIRST
CASH FINANCIAL SERVICES, INC.
|
|
(Registrant)
|
| Dated: November
7, 2006 |
|
/s/ R.
DOUGLAS ORR |
| |
R.
Douglas Orr |
| |
Chief
Accounting Officer
|