Search the web
Welcome, Guest
[Sign Out, My Account]

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
FCFS > SEC Filings for FCFS > Form 8-K on 25-Nov-2013All Recent SEC Filings




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.

  Add FCFS to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for FCFS - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.