Daniel Feehan
Enova InternationalAbout Daniel R. Feehan
Independent director at Enova International since September 13, 2011; age 74. Chair of the Management Development and Compensation Committee and member of the Nominating & Corporate Governance Committee. Former CEO (2000–2015) and Executive Chairman (Nov 2015–Sep 2016) of Cash America International; earlier CFO, President and COO beginning in 1990. BBA in Accounting from Texas A&M University; recognized as a Distinguished Alumni. Current Chairman of FirstCash, Inc. (Nasdaq: FCFS) and AZZ Inc. (NYSE: AZZ). Based on NYSE standards, the Board determined he is independent.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Cash America International, Inc. | CEO | Feb 2000–Nov 2015 | Led consumer finance company across regulatory cycles; board governance experience cited |
| Cash America International, Inc. | Executive Chairman | Nov 1, 2015–Sep 2016 | Oversaw merger with First Cash Financial Services (became FirstCash) |
| Cash America International, Inc. | CFO; President & COO | Beginning 1990 (prior to CEO) | Finance and operations leadership; industry regulatory expertise |
External Roles
| Organization | Role | Tenure/Status | Notes |
|---|---|---|---|
| FirstCash, Inc. (FCFS) | Chairman of the Board | Current | Public company chair role |
| AZZ Inc. (AZZ) | Chairman of the Board | Current | Public company chair role |
| University of North Texas System | Board of Regents | Appointed Dec 2019 | Public sector governance role |
| Lena Pope Home; One Safe Place | Director | Current | Charitable boards |
Board Governance
- Independence: The Board determined nine of ten directors, including Feehan, are independent under NYSE standards; compensation and nominating committees meet heightened independence rules.
- Committee assignments: Feehan chairs the Management Development & Compensation Committee; he is a member of the Nominating & Corporate Governance Committee.
- Board activity and attendance: The Board held five meetings in 2024; each director attended at least 75% of Board and relevant committee meetings; all directors attended the 2024 annual meeting.
- Executive sessions: Independent directors hold executive sessions at least with each regularly scheduled Board meeting; Lead Independent Director (James A. Gray) presides.
- Risk oversight: Comp Committee oversees compensation risk; Audit Committee oversees financial/regulatory/cybersecurity; Nominating & Corporate Governance oversees Board independence.
Fixed Compensation
| Component | 2023 Structure | 2024 Structure | Notes |
|---|---|---|---|
| Annual cash retainer (non-employee director) | $75,000 | $100,000 | Paid in cash quarterly |
| Chair retainers | Audit Chair: $25,000; Compensation Chair: $25,000; Lead Independent Director: $25,000; Nominating & Corporate Governance Chair: $10,000 | Lead Independent Director: $30,000; Audit Chair: $30,000; Compensation Chair: $25,000; Nominating & Corporate Governance Chair: $25,000 | Paid in cash quarterly |
| Equity (annual RSUs) | $155,000 grant; 3,477 RSUs; 12-month cliff vest | $170,000 grant; 2,754 RSUs (12-month vest) | Number based on 45-day average closing price; full vest in 12 months |
| Feehan – Director Compensation | 2023 | 2024 |
|---|---|---|
| Cash Fees ($) | $100,000 | $112,500 |
| Stock Awards ($) | $148,225 | $172,400 |
| All Other Compensation ($) | $7,208 | — |
| Total ($) | $255,433 | $284,900 |
| RSU Count (grant-year) | 3,477 RSUs; grant date 5/10/2023 | 2,754 RSUs; grant date 5/8/2024 |
| Vesting Terms | RSUs vest fully 12 months post-grant; change-in-control accelerates unvested RSUs | RSUs vest fully 12 months post-grant; change-in-control accelerates unvested RSUs |
Performance Compensation
| Item | Detail |
|---|---|
| Performance metrics tied to director pay | Not applicable – director equity awards (RSUs) are time-based with 12-month vest; no disclosed performance vesting criteria. |
| Change-in-control treatment | All unvested director RSUs automatically vest upon change-in-control if service continues to that event. |
| Hedging/pledging limits | Directors prohibited from pledging company stock, hedging, short sales, or holding in margin accounts. |
No director-specific short-term or long-term performance metrics are disclosed; time-based RSU vesting governs director equity.
Other Directorships & Interlocks
| Company | Relationship to ENVA | Potential Interlock Note |
|---|---|---|
| FirstCash Holdings, Inc. (FCFS) | Included in ENVA’s Executive Compensation Peer Group for fiscal 2023 compensation decisions (peer group used in 2024 proxy) | RED FLAG: Feehan chairs FCFS while ENVA uses FCFS in its compensation benchmarking peer group; monitor for perceived influence on pay benchmarking and consultant inputs. |
| AZZ Inc. | No disclosed ENVA transactional ties | Public company chair role; no interlock issues disclosed. |
| Compensation committee interlocks | None disclosed for ENVA – no reciprocal executive committee service noted in 2024 and 2025 proxies. | |
| Related party transactions | None >$120,000 involving directors/5% holders since Jan 1, 2024. |
Expertise & Qualifications
- Extensive consumer finance leadership and regulatory experience (CEO/Executive Chairman of Cash America).
- Deep finance and accounting background (former CFO; BBA Accounting from Texas A&M; Distinguished Alumni).
- Public company governance: Chairman roles at FirstCash and AZZ; multiple prior public/private boards.
Equity Ownership
| Metric | As of Mar 15, 2024 | As of Mar 21, 2025 |
|---|---|---|
| Total beneficial ownership (shares) | 281,799 | 284,553 |
| Percent of shares outstanding | <1% | 1.1% |
| Unvested RSUs scheduled to vest within 60 days | 3,477 | 2,754 |
| Pledged shares | None pledged (per proxy statement footnote) | None pledged (per proxy statement footnote) |
| Ownership guidelines | Directors must own ≥5× annual retainer; retain 50% of net shares until threshold met; directors currently comply or are within timeline. |
Governance Assessment
- Positives:
- Independent director; chairs compensation committee; member of nominating & governance; active governance processes (annual self-assessments; executive sessions).
- Strong attendance expectations met (≥75% for all directors; 5 Board meetings in 2024).
- No related-party transactions since Jan 1, 2024; strict insider trading policy prohibiting pledging/hedging; stock ownership guidelines in place and observed.
- Compensation committee uses independent consultant (WTW); robust peer benchmarking and risk assessment.
- Monitoring items / RED FLAGS:
- Compensation benchmarking includes FirstCash in ENVA’s peer group (2024 proxy), while Feehan chairs FirstCash—potential perception of interlock on executive pay setting; should ensure documented independence of consultant inputs and recusal protocols when relevant peer discussions arise.
- Director equity is entirely time-based (no performance conditions); while standard for directors, it does not directly link pay to ENVA performance—ensure adequate ownership guideline and hold requirements maintain alignment.
Say‑on‑Pay & Shareholder Feedback
| Meeting | Proposal | Votes For | Votes Against | Abstentions | Broker Non‑Votes |
|---|---|---|---|---|---|
| 2024 Annual Meeting (May 8, 2024) | Advisory vote on NEO compensation | 22,492,192 | 831,969 | 30,583 | 1,960,534 |
| 2025 Annual Meeting (May 14, 2025) | Advisory vote on NEO compensation | 19,436,673 | 653,246 | 116,477 | 2,229,971 |
Both years’ advisory votes passed; detailed vote tallies above.
Committee Activity Snapshot (2024)
| Committee | Chair | Members | Meetings (2024) |
|---|---|---|---|
| Management Development & Compensation | Daniel R. Feehan | Gregg A. Kaplan; Mark A. Tebbe | 5 |
| Nominating & Corporate Governance | Linda Johnson Rice | Daniel R. Feehan; James A. Gray | 3 |
| Audit | Ellen Carnahan | Lindsay Y. Corby; William M. Goodyear; Mark P. McGowan | 5 |
Insider Trades and Ownership Notes
- Attempted to retrieve Feehan’s Form 4 transactions via insider-trades skill (2020–present); API returned 401 Unauthorized. Fallback used proxy beneficial ownership tables, which show current and prior-year positions; none of Feehan’s shares are pledged.
- For current trading activity or RSU vesting updates beyond proxy cutoffs, further Form 4 review is recommended when access is available.
Compensation Committee Analysis
- Members: Feehan (Chair), Kaplan, Tebbe; none of ENVA’s executive officers served on another entity’s board/comp committee where reciprocal service existed (no interlocks).
- Consultant: Willis Towers Watson engaged; provides peer data, plan design support, risk assessment; determined independent.
- Executive compensation peer group (2023 decisions, disclosed in 2024 proxy) includes FirstCash Holdings, Inc., among other fintech/financials; 2025 updates added NCR Atleos and Western Union.
Related Party Transactions
- Policy requires committee/Board review of related person transactions ≥$60,000; none >$120,000 since Jan 1, 2024 involving directors or 5% holders.
Summary Signals Affecting Investor Confidence
- Strong independence, attendance, and governance controls (executive sessions, clawbacks for executives, anti-hedging/pledging, ownership guidelines) support board effectiveness.
- The FirstCash peer-group linkage is a governance sensitivity given Feehan’s chair role at FCFS; transparency and independent consultant oversight mitigate, but continued monitoring is warranted.