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Rick L. Wessel (CEO & Vice-Chairman

Chief Executive Officer and Vice-Chairman of the Board of Directors at FirstCash Holdings
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

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.