Randel Owen
FirstCash HoldingsAbout Randel G. Owen
Independent director at FirstCash Holdings, Inc. since 2009; age 66. Former President & CEO of Global Medical Response (2018–2022) and long-tenured healthcare finance executive (CFO roles at Envision Healthcare, American Medical Response, and EmCare). Brings broad senior executive leadership and functional expertise in corporate finance and accounting; the Board identifies him as contributing finance/accounting strength to FCFS’s governance profile .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Global Medical Response | President & CEO | Mar 2018 – Dec 2022 | Led an industry-leading air/ground emergency and medical transport organization |
| Envision Healthcare Corp. and predecessors (AMR, EmCare) | President of ambulatory services; EVP & CFO | Jul 1999 – Mar 2018 | Appointed EVP & CFO of AMR in Mar 2003; EmCare CFO Jun 2001–Mar 2003 |
| PhyCor, Inc. | VP, Group Financial Operations | 1995 – 1999 | Healthcare operations finance |
External Roles
| Company | Board Role | Tenure | Notes |
|---|---|---|---|
| FirstCash Holdings, Inc. | Director | Appointed 2009 | Current FCFS Board service |
| — | Other public company directorships | — | None disclosed in the proxy |
Board Governance
- Committee assignments: Audit Committee member and Chair of the Nominating & Corporate Governance Committee .
- Independence: Board has determined Owen and all committee members are independent under Nasdaq/SEC/FCFS guidelines; only Feehan and Wessel are non-independent directors .
- Attendance and engagement: Board met 4 times in 2024; each director attended ≥75% of Board meetings; Audit met 4, Compensation 3, Nominating 1, with each committee member attending ≥75% of their meetings. Independent directors meet in executive sessions after regular Board meetings and as needed .
- Majority Voting Policy: In uncontested elections, any director receiving more “WITHHOLD” than “FOR” votes must tender a resignation; the Board publicly discloses its decision within 90 days .
- Board leadership: Chairman (Feehan), CEO/Vice-Chairman (Wessel), Lead Independent Director (Faulkner) who chairs executive sessions and liaises with management .
- Stock ownership guidelines (directors): Required ownership equal to 5x annual cash retainer (5-year accumulation). As of Apr 17, 2025, all non-employee directors have met or have additional time to meet; directors not yet compliant must retain vested awards until they do .
- Anti-hedging/pledging: Hedging prohibited; pledging generally prohibited but exceptions granted for CEO and CFO (with low loan-to-value and high capacity); no pledging exception disclosed for Owen .
Fixed Compensation
| Component | 2024 Amount/Terms | Notes |
|---|---|---|
| Annual cash retainer | $100,000 (paid quarterly) | Standard for non-employee directors |
| Chair fees | $15,000 (Nominating & Corporate Governance Chair) | Paid quarterly; Audit Chair $25k, Compensation Chair $20k; Lead Independent $25k |
| Meeting fees | None | Reasonable expenses reimbursed |
| Total 2024 cash (Owen) | $115,000 | $100k retainer + $15k chair fee |
Performance Compensation
| Grant | Date | Type | Shares/Units | Grant-Date Fair Value | Vesting | Notes |
|---|---|---|---|---|---|---|
| Director equity (annual) | Jan 31, 2024 | Restricted stock award | 1,213 | $139,216 | Fully vested Dec 31, 2024 | Standard annual director equity; time-based |
| Director equity (annual) | Jan 29, 2025 | RSUs | 1,263 | — | Vests Dec 31, 2025; pro-rata on non-cause termination; accelerated if change-in-control and not assumed/substituted | As disclosed in Form 4 |
Performance metrics for director equity: None. Director awards are time-based vesting only; no performance-conditioned metrics are disclosed for directors .
Other Directorships & Interlocks
- Compensation Committee interlocks: In 2024, Berce, Faulkner, Graves served; Owen did not serve on Compensation Committee; no interlocking relationships requiring disclosure .
- Related party transactions: 2024–2025 repurchases from AFF Services, Inc. controlled by retired director Douglas R. Rippel; no related party transactions disclosed involving Owen .
Expertise & Qualifications
- Board-identified qualifications: Broad senior executive leadership; functional expertise in corporate finance and accounting .
- Audit Committee financial expert: All Audit Committee members qualify under Item 401(h) “audit committee financial expert” definition; Owen is an Audit Committee member .
Equity Ownership
| As of Apr 17, 2025 | Direct Shares | RS Awards vesting within 60 days | Total Beneficially Owned | Ownership % |
|---|---|---|---|---|
| Randel G. Owen | 7,888 | 526 (retirement-related vesting) | 8,414 | <1% |
- Ownership guidelines: Non-employee directors must hold stock worth 5x annual retainer; as of Apr 17, 2025, directors are either compliant or within the accumulation period; directors not yet compliant must retain vested awards until compliant .
- Pledging: No pledging exception disclosed for Owen; company policy generally prohibits pledging, with case-by-case exceptions granted to CEO and CFO (13% and 3% drawn against pledged value, respectively, as of Apr 17, 2025) .
Insider Trades
| Date | Type | Shares | Price | Post-Transaction Holdings | Notes |
|---|---|---|---|---|---|
| Jan 29, 2025 | RSU grant | 1,263 | $0 | 9,151 (reported) | RSUs vest Dec 31, 2025; pro-rata vesting and CIC acceleration if not assumed |
| Nov 6, 2024 | Sale | 2,000 | $113.92 | 7,888 | Filed Form 4 for sale of 2,000 shares |
Governance Assessment
- Committee leadership and independence: Owen chairs Nominating & Corporate Governance and sits on Audit—both committees are fully independent, enhancing board effectiveness in governance oversight and risk management .
- Attendance and engagement: Documented ≥75% attendance and participation across Board/committee meetings in 2024 (Board=4; Audit=4; Compensation=3; Nominating=1), supporting engagement expectations .
- Compensation alignment: Director pay structured as modest cash retainer plus annual time-based equity; no meeting fees; chair stipends are measured ($15k for Nom/Gov), aligning director incentives with long-term shareholder value without encouraging short-term risk-taking .
- Ownership alignment: Director stock ownership guidelines (5x retainer) with retention requirements until compliant; beneficial ownership disclosed; no pledging exception for Owen; anti-hedging policy applies—positive alignment signals .
- Signals from shareholder votes: Say-on-pay support was 97% in 2024, indicating broad investor confidence in FCFS compensation governance; Compensation Committee uses independent consultant Pay Governance, and committee members are independent .
- Conflicts/related-party exposure: No related-party transactions disclosed involving Owen; the only disclosed related party transactions involved a retired director; Audit Committee reviews and pre-approves related party transactions per policy—a mitigating structure .
- RED FLAGS: None specific to Owen identified. Company-level pledging exceptions (CEO/CFO) are noted but not applicable to Owen; director equity is time-based (no performance manipulation risk); insider sale in Nov 2024 was modest and disclosed on Form 4 .