FirstCash stockholders approve executive pay, elect directors

Published 11/06/2025, 22:26
FirstCash stockholders approve executive pay, elect directors

In a recent 8-K filing with the Securities and Exchange Commission, FirstCash (NASDAQ:FCFS) Holdings, Inc. reported the results of its Annual Meeting of Stockholders held on June 11, 2025. The $5.75 billion market cap company, which maintains a "GREAT" financial health rating according to InvestingPro, saw a strong turnout with 92.88% of eligible shares represented, as stockholders voted on key proposals including the election of directors and approval of executive compensation.

The election of directors resulted in Daniel R. Feehan, Paula K. Garrett, and Marthea Davis being elected for a three-year term. The voting details were as follows: Feehan received 35,852,353 votes for, 2,995,952 withholdings, and 1,243,410 abstentions; Garrett garnered 38,085,289 votes for, 1,107,417 withholdings, and 899,009 abstentions; and Davis received 38,190,269 votes for, 1,544,402 withholdings, and 357,044 abstentions. Each of these elections also included 1,325,273 broker non-votes. The company’s stock has shown strong momentum, trading near its 52-week high of $135.57.

Additionally, the stockholders ratified the appointment of RSM LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. This proposal was passed with 40,181,373 votes for, 1,154,400 against, and 81,215 abstentions.

The advisory vote on the compensation of FirstCash’s named executive officers also passed. The proposal received 38,065,293 votes for, 1,854,017 against, and 172,405 abstentions, with 1,325,273 broker non-votes.

The results of the meeting reflect stockholder sentiment on the governance and compensation practices of FirstCash Holdings. The company, which operates in the miscellaneous retail sector, is incorporated in Delaware and headquartered in Fort Worth, Texas. With a current ratio of 4.39 and a nine-year track record of consecutive dividend increases, InvestingPro data reveals strong fundamentals. The company’s next earnings report is scheduled for July 24, 2025. The information disclosed in this article is based on the company’s SEC filing and InvestingPro analysis, which offers additional insights through its comprehensive financial metrics and exclusive ProTips.

In other recent news, FirstCash Holdings, Inc. reported first-quarter earnings that surpassed analyst expectations, driven by strong demand for pawn loans and improvements in its retail point-of-sale payment solutions segment. The company posted adjusted earnings per share of $2.07, beating the consensus estimate of $1.73, with revenue reaching $836.4 million, slightly above the expected $835.4 million. FirstCash experienced robust pawn loan demand, with same-store pawn receivables increasing 13% in the U.S. and 14% in Latin America. The company’s U.S. pawn segment pre-tax operating income rose 17% year-over-year to $113 million, while the Latin American segment saw a 13% increase on a constant currency basis.

Additionally, FirstCash’s retail POS payment solutions segment showed significant improvement, with pre-tax operating income rising 58% to $52 million due to better gross margins and reduced operating expenses. The company expanded its presence by opening 12 new pawn locations during the quarter, bringing its total to 3,023 pawn stores as of March 31. In other developments, Loop Capital Markets raised its price target for FirstCash to $145 from $140, maintaining a Buy rating. Analyst Anthony Chukumba highlighted FirstCash’s strong performance amid challenging macroeconomic conditions, suggesting sustained positive momentum. Loop Capital’s increased price target reflects confidence in FirstCash’s continued success and resilience.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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