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FCFS > SEC Filings for FCFS > Form 8-K on 12-Jun-2014All Recent SEC Filings




Change in Directors or Principal Officers, Financial Statements

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 12, 2014, First Cash Financial Services, Inc. (the "Company") amended the employment agreements of Rick L. Wessel, the Company's Chief Executive Officer and President, and R. Douglas Orr, the Company's Executive Vice President, Chief Financial Officer, Secretary and Treasurer.

The amendments to Mr. Wessel's and Mr. Orr's employment agreements eliminated a "modified single-trigger" change in control provision contained in each agreement that would have allowed the executive to voluntarily terminate his employment following a change in control and receive severance payments and benefits. As amended, the employment agreements now provide for severance benefits only in the event of an involuntary termination of employment by the Company without "cause" or by the executive for "good reason," as such terms are defined in the employment agreements.

The foregoing description of the amendments to Mr. Wessel's and Mr. Orr's employment agreements is qualified in its entirety by the amendments filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.
(d) The following Exhibits are filed herewith as part of this report:

10.1 Amendment No. 3 to First Amended and Restated Executive Employment Agreement of Rick L. Wessel
10.2 Amendment No. 2 to Employment Agreement of R. Douglas Orr

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