EZCORP Inc. (NASDAQ:EZPW), a retail and financial services company, announced the appointment of Michael Croney as its new Chief Accounting Officer, effective February 10, 2025. This executive move was disclosed in a recent 8-K filing with the Securities and Exchange Commission.
Mr. Croney, 46, brings a wealth of experience to his new role at EZCORP, having served in various senior accounting and financial positions in different companies. Before this appointment, he was the Vice President and Global Controller at EZCORP until October 2023 and then moved to Thrive Pet Healthcare as Vice President, Chief Accounting Officer, and Controller.
His extensive background includes roles at American Midstream Partners, L.P., FloWorks International, AXIP Energy Services, AES (NYSE:AES) Corporation, BDO Seidman, LLP, and KPMG. Mr. Croney's education credentials include a Baccalaureus Commercii Honores and Baccalaureus Commercii in Accounting from Nelson Mandela Metropolitan University in South Africa. He is a licensed Certified Public Accountant and Chartered Accountant (South Africa).
In his new position, Mr. Croney will receive an annual salary of $330,000, with a short-term incentive bonus target of $165,000 and a long-term incentive award target of $105,000. Additionally, he will be granted a signing bonus of $180,000, payable in three installments, subject to continued employment and a repayment clause.
Robert J. Hicks, who served as the Chief Accounting Officer since December 2021, will transition to the role of Deputy Chief Accounting Officer until his departure from the company at the end of February 2025.
The information in this article is based on the company's recent SEC filing.
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