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FCFS > SEC Filings for FCFS > Form 8-K on 25-Nov-2013All Recent SEC Filings

Show all filings for FIRST CASH FINANCIAL SERVICES INC

Form 8-K for FIRST CASH FINANCIAL SERVICES INC


25-Nov-2013

Regulation FD Disclosure, Other Events, Financial Statements an


Item 7.01 Regulation FD Disclosure.

On November 25, 2013, the Company issued a press release announcing the execution of an asset purchase agreement. The full text of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.



Item 8.01 Other Events.

On November 20, 2013, First Cash Financial Services, Inc. (the "Company") entered into an asset purchase agreement pursuant to which the Company will acquire substantially all of the operating assets of a 12-store chain of pawn stores located in Charleston, South Carolina. The twelve locations had approximately $4.7 million in pawn loans outstanding and $2.9 million of merchandise inventory as of November 20, 2013 (unaudited).

The purchase price for the all-cash transaction is approximately $30 million, subject to standard working capital adjustments. The operations and earnings of the acquired pawn stores will be consolidated into the Company effective with the closing of the transaction, subject to the satisfaction of customary closing conditions, including the issuance of South Carolina pawn licenses and certain other operating licenses, as provided in the agreement.

The information provided in this Item 8.01 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:

99.1 Press Release dated November 25, 2013 announcing the Company entered into an asset purchase agreement.

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