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    Rick L. Wessel (CEO & Vice-Chairman

    Chief Executive Officer and Vice-Chairman of the Board of Directors at Firstcash Holdings Inc
    Board
    Since November 2006
    Age
    65 years
    Tenure
    Joined FCFS in 1992 and has progressed through several leadership roles, including serving as President from May 1998 to September 2016, as CEO since November 2006, and as Vice-Chairman since September 2016.

    Also at Firstcash Holdings Inc

    HFH(P
    Howard F. Hambleton (AFF President
    AFF President
    RRR(
    Raul R. Ramos (SVP
    Senior Vice President – Latin American Operations
    RDO(V
    R. Douglas Orr (Executive VP
    Executive Vice President, Chief Financial Officer (CFO), Secretary, and Treasurer

    About

    Rick L. Wessel has been a prominent leader at FCFS since joining in 1992, starting his career with the company as a Director and assuming several critical roles over the years.

    His career at FCFS includes serving as Secretary and Treasurer and as Chief Financial Officer in his early years, before progressing to President from May 1998 to September 2016. He further took on the roles of CEO in November 2006 and Vice-Chairman in September 2016, reflecting his long-standing commitment and leadership within the organization.

    Prior to joining FCFS, he gained valuable experience working for Price Waterhouse LLP for nearly nine years, which contributed significantly to his expertise in financial management.

    There is no available information regarding his educational background or personal details beyond his extensive professional career at FCFS.

    $FCFS Performance Under Rick L. Wessel (CEO & Vice-Chairman

    Past Roles

    OrganizationRoleDate RangeDetails
    FirstCash Holdings, Inc. (FCFS) President May 1998 – September 2016 N/A
    FirstCash Holdings, Inc. (FCFS) Chairman of the Board October 2010 – September 2016 N/A
    FirstCash Holdings, Inc. (FCFS) Vice-Chairman of the Board November 2004 – October 2010 N/A
    FirstCash Holdings, Inc. (FCFS) Secretary and Treasurer May 1992 – November 2006 N/A
    FirstCash Holdings, Inc. (FCFS) Chief Financial Officer (CFO) May 1992 – December 2002 N/A
    Price Waterhouse LLP Employee Approximately 9 years prior to February 1992 Joined FCFS in 1992 after working at Price Waterhouse LLP

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,321,593 AnnualFixed base salary for 2023
    Stock Awards - Time-Based$3,430,000; 38,174 shares Time-based grantAward value determined using an average stock price of $89.85 over a 45-trading day period
    All Other Compensation$113,385 AnnualIncludes group life, health, medical, and other noncash benefits available to all salaried employees

    Performance Compensation

    Data from  FY 2023

    Performance-Based Stock Awards

    MetricThresholdTargetMaximum
    Adjusted Net Income$428,750 (4,772 shares) $1,715,000 (19,088 shares) $2,572,470 (28,631 shares)
    Relative TSR$857,500 (9,544 shares) $1,715,000 (19,087 shares) $2,572,500 (28,632 shares)
    Total Award$1,286,250 (14,316 shares) $3,430,000 (38,175 shares) $5,144,970 (57,263 shares)
    • Weighting: Each metric contributes 25% to the overall award.
    • Grant Date: February 1, 2023.
    • Vesting Schedule: Awards vest over a three-year cumulative performance period ending December 31, 2025.
    • Grant Date Fair Value: $3,513,491.
    • Average Stock Price: $89.85 used for share calculation.

    Non-Equity Incentive Plan Compensation

    MetricActual ResultAchievement Details
    Adjusted EPS$6.06; +17% Achieved between target and maximum payout
    Adjusted EBITDA$512 million; +17% Exceeded maximum range; payout capped at maximum
    Adjusted Net Revenue$1.5 billion; +15% Achieved between target and maximum payout
    • Award Percentage Table:
    ThresholdTargetMaximumActual AchievementActual Award
    % of Salary25% 150% 300% 288% $3,805,580
    • Payment & Vesting: Paid out after the performance year based on achieving annual performance metrics. Non-equity incentive compensation is cash-based, so no vesting schedule or grant date fair value applies.