ezcorp inc-cl a (EZPW) Key Developments
EZCORP Seeks Acquisitions
Mar 10 15
EZCORP, Inc. (NasdaqGS:EZPW) has filed a Shelf Registration in the amount of $6.51 million. EZCORP will use the proceeds for acquisition purpose.
EZCORP, Inc. Names Mark Ashby as New Chief Financial Officer
Mar 2 15
EZCORP, Inc. announced that Mark Ashby has been appointed Chief Financial Officer. In that role, Mr. Ashby will be responsible for EZCORP's accounting, financial planning and analysis, internal audit, investor relations, tax, and treasury functions. Mr. Ashby joins EZCORP from Myer Holdings Limited, where he served as Chief Financial Officer for seven years. It is expected that Mr. Ashby will begin his role at EZCORP in June 2015.
Ezcorp Announces Management Changes
Feb 4 15
EZCORP, Inc. announced the following realignment of its executive management team: Stuart I. Grimshaw (formerly Executive Chairman of the Board) has been named Chief Executive Officer; Lachlan P. Given (formerly Executive Vice Chairman of the Board) has been named Executive Chairman of the Board; and Mark E. Kuchenrither (formerly President and Chief Executive Officer) has been named President and Chief Operating Officer. This realignment is designed to streamline the company's governance structure by positioning Mr. Grimshaw closer to the Company's core U.S. pawn and financial services operations, allowing Mr. Kuchenrither to focus on high-potential growth businesses in Mexico and Canada, and focusing Mr. Given's role on strategic investment and acquisition activities. As Chief Executive Officer, Mr. Grimshaw will assume principal executive officer responsibilities for all strategic, operating and support functions and will report to the Board of Directors. In his new role, Mr. Kuchenrither will no longer be a member of the Board of Directors, which leaves the Board with two executive directors and six non-executive directors. Mr. Kuchenrither will continue to serve as Chief Financial Officer until the company hires a new Chief Financial Officer.
EZCORP, Inc. Opens Three New Stores
Jan 30 15
EZCORP, Inc. announced the grand opening of three new EZPAWN stores in the Chicagoland area. In celebration of these grand openings, EZCORP is launching an in-store donation promotion, Pin-Up for Kids' Sake Campaign, within 27 Chicago-area EZPAWN stores in partnership with Big Brothers Big Sisters of Metropolitan Chicago. Pin-Up for Kids' Sake Campaign, is a fundraising effort aiding Big Brothers Big Sisters' mission of matching more children in need with positive, caring adult mentors who will help their Little Brothers and Little Sisters achieve lifelong success. Participating EZPAWN stores will be offering customers paper pin-ups in exchange for donations of $1, $5, $10 or more. Each pin-up will have the donating customer's name on it and will be posted on store walls. The three store grand openings are located at: STREAMWOOD 901 E. Irving Park Road, CHICAGO - 6722 S. Western Ave and HARVEY - 468 Sibley Blvd.
EZCORP, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2014
Jan 27 15
EZCORP, Inc. announced unaudited consolidated earnings results for the first quarter ended December 31, 2014. For the quarter, the company announced net revenues of $150,330,000 compared to $163,857,000 for the same period a year ago. Operating income was $27,211,000 compared to $40,742,000 for the same period a year ago. Income from continuing operations before income taxes was $20,435,000 compared to $37,847,000 for the same period a year ago. Income from continuing operations, net of tax was $14,070,000 compared to $27,889,000 for the same period a year ago. Net income attributable to the company was $15,260,000 compared to $22,569,000 for the same period a year ago. Diluted earnings per share attributable to the company from continuing operations were $0.26 compared to $0.48 for the same period a year ago. Diluted earnings per share attributable to the company were $0.28 compared to $0.42 for the same period a year ago.