Firstcash Holdings Inc.
07/22/2026 | Press release | Distributed by Public on 07/22/2026 05:49
Management Change/Compensation (Form 8-K)
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Chief Executive Officer Transition
On July 22, 2026, FirstCash Holdings, Inc. (the "Company") announced that Rick Wessel, the Company's Chief Executive Officer and Vice Chairman, will transition to the role of Executive Chairman of the Board of Directors of the Company (the "Board") and cease serving as the Company's Chief Executive Officer effective January 1, 2027 (the "Transition Date"). The Company and Mr. Wessel expect that Mr. Wessel will continue to serve on the Board as Executive Chairman for at least three years, subject to re-election as a Board member at the Company's annual meetings of stockholders.
The Board has also appointed Brent Stuart, the Company's current President and Chief Operating Officer, to succeed Mr. Wessel as the Company's Chief Executive Officer effective as of the Transition Date. In addition to Mr. Stuart's responsibilities as Chief Executive Officer following the Transition Date, he will continue to have direct responsibility over the Company's day-to-day operations. Mr. Stuart, age 56, has served as the Company's President and Chief Operating Officer since September 2016 following the Company's merger with Cash America. Prior to that, Mr. Stuart served as Cash America's president and chief executive officer since November 2015, Cash America's president and chief operating officer from May 2015 through October 2015, and Cash America's executive vice president-chief operating officer from January 2015 through April 2015. Prior to that, Mr. Stuart served in various senior leadership roles with Cash America since joining Cash America in 2008.
The terms of Mr. Wessel's compensation as the Board's Executive Chairman and Mr. Stuart's compensation as the Company's Chief Executive Officer have yet to be determined. The Company will file an amendment to this Form 8-K when such compensation has been determined.
Election of Director and Board of Director Changes
Effective as of July 22, 2026, the Board has unanimously elected Mr. Stuart as a member of the Board. Mr. Stuart will stand for re-election at the Company's 2027 Annual Meeting of Stockholders. Mr. Stuart will not receive separate compensation as a member of the Board and is not expected to serve on any committees of the Board.
On the Transition Date, Dan Feehan, the Company's current Chairman of the Board, will retire from his position as Chairman and continue to serve as a member of the Board.
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