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FCFS > SEC Filings for FCFS > Form 8-K on 28-Jun-2013All Recent SEC Filings

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Form 8-K for FIRST CASH FINANCIAL SERVICES INC


28-Jun-2013

Entry into a Material Definitive Agreement, Results of Operatio


Item 1.01 Entry into a Material Definitive Agreement.

On June 25, 2013, certain affiliates of First Cash Financial Services, Inc. (hereafter the "Company") and O'Pak Credit LP, Pro Pawn LP and Milar Credit LP (hereafter, collectively the "Sellers"), entered into an asset purchase agreement (the "Agreement") pursuant to which the Company acquired from Sellers substantially all of the assets of the Sellers, which own and operate a chain of 19 pawn stores located in the state of Texas primarily under the name "Value + Pawn."

The closing of the transactions contemplated by the Agreement occurred simultaneously with the effective date of the Agreement on June 25, 2013. The purchase price for the all-cash transaction was approximately $70,200,000, subject to closing and post-closing adjustments and was funded primarily by the Company's unsecured line of credit. A portion of the consideration has been allocated as consideration for certain non-competition covenants of the Sellers. The Agreement contains representations, warranties, covenants and indemnification provisions that the Company believes are customary for a transaction of this size and type.

The foregoing description of the Agreement and the transactions contemplated thereby does not purport to be complete and is qualified in its entirety by the terms and conditions of the Agreement, which is filed as Exhibit 10.1 hereto, and incorporated into this report by reference.



Item 2.02 Results of Operations and Financial Condition.

As described in Item 7.01 herein and the related press release (Exhibit 99.1), the Company provided earnings guidance for the three month period ending June 30, 2013 and adjusted fiscal 2013 earnings guidance.

The information provided in this Item 2.02 shall not be deemed "filed" for purposes of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by the specific reference in such filing.



Item 7.01 Regulation FD Disclosure.

On June 25, 2013, the Company issued a press release announcing that it is providing guidance for earnings per share from continuing operations for the three month period ending June 30, 2013 and adjusting fiscal 2013 guidance for earnings per share from continuing operations. The Company's press release is attached hereto as Exhibit 99.1 and is incorporated by reference in its entirety into this Item 7.01.

The information provided in this Item 7.01 shall not be deemed "filed" for purposes of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by the specific reference in such filing.




Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:

10.1 * Asset Purchase Agreement, dated June 25, 2013

99.1 Press Release dated June 25, 2013 announcing the Company's acquisition of 19 pawnshops in the state of Texas and adjusted fiscal 2013 earnings guidance

*The annexes and exhibits have been omitted pursuant to Item 601(b)(2) of Regulation S-K. The Company hereby undertakes to furnish copies of any of the omitted annexes and exhibits to the U.S. Securities and Exchange Commission upon request.

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