- Current report filing (8-K)
May 26 2010 - 5:20PM
Edgar (US Regulatory)
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): May 21, 2010
EZCORP, Inc.
(Exact name of registrant as specified in its charter)
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Delaware
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0-19424
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74-2540145
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer
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Identification No.)
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1901 Capital Parkway, Austin, Texas 78746
(Address of principal executive offices) (zip code)
Registrants telephone number, including area code: (
512) 314-3400
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers
(e)
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As reported in the companys Current Report on Form 8-K filed May 21, 2010, Brad Wolfe,
formerly Senior Vice President and Chief Financial Officer (principal financial officer), left
the company effective May 17, 2010. In connection with Mr. Wolfes departure, the company and
Mr. Wolfe have entered into a Separation Agreement and Release (the Separation Agreement), a
copy of which is attached as Exhibit 99.1. The Separation Agreement provides that Mr. Wolfe
will receive severance payments equal to (a) the amount of salary he would have received had
he remained an employee of the company through January 31, 2011 and (b) 60% of the incentive
bonus he would have otherwise earned for fiscal 2010. These amounts (which are currently
estimated to aggregate approximately $300,000) will be paid at the times they would otherwise
have been paid had Mr. Wolfe remained an employee. In the Separation Agreement, Mr. Wolfe
provided a general release of claims against the company and affirmed certain noncompetition
and nonsolicitation obligations to which he is subject for a period of one year following his
termination of employment. The Separation Agreement, which was approved by the Compensation
Committee of the companys board of directors, was executed by the company on May 17, 2010,
and by Mr. Wolfe on May 21, 2010.
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Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1
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Separation Agreement and Release, dated May 17, 2010, between EZCORP, Inc. and Charles Bradford Wolfe
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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.
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EZCORP, INC.
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Date: May 26, 2010
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By:
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/s/ Thomas H. Welch, Jr.
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Thomas H. Welch, Jr.
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Senior Vice President,
General Counsel and Secretary
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EXHIBIT INDEX
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Exhibit
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No.
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Description of Exhibit
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99.1
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Separation Agreement and Release, dated May 17, 2010, between
EZCORP, Inc. and Charles Bradford Wolfe
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