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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
January 26, 2006
(Date of Report - Date of Earliest Event Reported)
FIRST CASH FINANCIAL SERVICES, INC.
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
0-19133 75-2237318
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(Commission File Number) (IRS Employer Identification No.)
690 East Lamar Blvd., Suite 400, Arlington, Texas 76011
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(Address of principal executive offices, including zip code)
(817) 460-3947
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(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 8.01 OTHER EVENTS
On January 23, 2006, the Board of Directors of First Cash Financial Services,
Inc. (the "Company") approved a two-for-one split of the Company's common stock
in the form of a common stock dividend. As a result of the stock split,
shareholders will receive one additional common share for every share held on
the record date of February 6, 2006. Upon completion of the split, the number of
common shares outstanding will be approximately 31.7 million. The additional
shares will be mailed or delivered on or about February 20, 2006, by the
Company's transfer agent, Registrar & Transfer Company. The ex-split date is
February 21, 2006, which is the date First Cash's common shares will trade on
Nasdaq at the new split-adjusted price. On January 26, 2006, First Cash
Financial Services, Inc. issued a press release announcing the stock split which
is attached hereto as Exhibit 99.1
The information provided in this Item 8.01 shall not be deemed "filed" for
purposes of the Securities Act of 1934, as amended, or otherwise subject to the
liabilities of that section, nor shall such information be deemed incorporated
by reference in any filing under the Securities Act of 1933, as amended, except
as shall be expressly set forth by the specific reference in such filing.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits:
99.1 Press Release dated January 26, 2006 announcing that the
Company's Board of Directors approved a two-for-one stock split
of the Company's common stock in the form of a common stock
dividend.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: January 26, 2006 FIRST CASH FINANCIAL SERVICES, INC.
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(Registrant)
/s/ R. DOUGLAS ORR
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R. Douglas Orr
Chief Accounting Officer
EXHIBIT INDEX
Exhibit
Number Document
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99.1 Press release dated January 26, 2006.
Exhibit 99.1
FIRST CASH FINANCIAL SERVICES ANNOUNCES TWO-FOR-ONE STOCK SPLIT
ARLINGTON, Texas, Jan. 26 /PRNewswire-FirstCall/ -- First Cash Financial
Services, Inc. (Nasdaq: FCFS) today announced that its Board of Directors
approved a two-for-one split of the Company's common stock in the form of a
stock dividend. As a result of the stock split, shareholders will receive one
additional common share for every share held on the record date of February 6,
2006.
"Declaring a stock split demonstrates the Board's confidence in the Company's
continued long-term growth opportunities. The increased float and trading
liquidity will be beneficial to our existing shareholders and the split makes
our stock more attractive to a broader range of investors," said Rick Powell,
Chairman of the Board of Directors for First Cash.
The total market capitalization of First Cash currently stands at approximately
$500 million; this marks the second time in two years that First Cash has split
its stock. In March 2004, the Company completed a three-for-two split of its
common shares.
Upon completion of the two-for-one split, the number of common shares
outstanding will be approximately 31.7 million. The additional shares will be
mailed or delivered on or about February 20, 2006, by the Company's transfer
agent, Registrar & Transfer Company. The ex-split date is February 21, 2006,
which is the date First Cash's common shares will trade on Nasdaq at the new
split-adjusted price.
Forward-Looking Information
This release may contain forward-looking statements about the business,
financial condition and prospects of First Cash Financial Services, Inc.
Forward-looking statements can be identified by the use of forward-looking
terminology such as "believes," "projects," "expects," "may," "estimates,"
"should," "plans," "intends," "could," or "anticipates," or the negative
thereof, or other variations thereon, or comparable terminology, or by
discussions of strategy. Forward-looking statements in this release include,
without limitation, the Company's expectations for growth, trading liquidity and
potential to attract future investors. These statements are made to provide the
public with management's assessment of the Company's business. Although the
Company believes that the expectations reflected in forward-looking statements
are reasonable, there can be no assurances that such expectations will prove to
be accurate. Security holders are cautioned that such forward-looking statements
involve risks and uncertainties. The forward-looking statements contained in
this release speak only as of the date of this statement, and the Company
expressly disclaims any obligation or undertaking to release any updates or
revisions to any such statement to reflect any change in the Company's
expectations or any change in events, conditions or circumstances on which any
such statement is based. Certain factors may cause results to differ materially
from those anticipated by some of the statements made in this release. Such
factors are difficult to predict and many are beyond the control of the Company
and may include changes in regional, national or international economic
conditions, changes in consumer borrowing and repayment behaviors,
changes or increases in competition, the ability to locate, open and integrate
new stores, the ability to integrate and operate as a credit services
organization in Texas, the ability to successfully refer credit services
customers to an independent lender who can provide credit to these customers,
new legislative initiatives or governmental regulations or changes to existing
regulations affecting payday advance businesses, credit services organizations
and pawn businesses in both the U.S. and Mexico, unforeseen litigation, changes
in interest rates, changes in tax rates or policies, changes in gold prices,
changes in foreign currency exchange rates, future business decisions, and other
uncertainties. These and other risks and uncertainties are indicated in the
Company's 2004 Annual Report on Form 10-K and updated in subsequent quarterly
reports on Form 10-Q.
About First Cash
First Cash Financial Services, Inc. and its subsidiaries are engaged in the
operation of pawn and consumer credit stores, which lend money on the collateral
of pledged personal property, retail previously-owned merchandise acquired
through loan forfeitures, provide payday advances, and offer other financial and
credit services products. The Company owns and operates stores in eleven U.S.
states and seven states in Mexico. First Cash is also an equal partner in Cash &
Go, Ltd., a joint venture, which owns and operates 40 check-cashing and
financial services kiosks located inside convenience stores. First Cash has been
recognized for four consecutive years by Forbes magazine as one of its "200 Best
Small Companies." This annual ranking is based on a combination of profitability
and growth performance measures over the most current one and five-year periods.
First Cash was also recently ranked for the second consecutive year by Fortune
Small Business magazine on the "FSB 100: America's Fastest-Growing Small Public
Companies." First Cash's common stock is traded on the Nasdaq Stock Market under
the ticker symbol "FCFS" and it is a component Company in the Russell 2000
Index.
SOURCE First Cash Financial Services, Inc.
-0- 01/26/2006
/CONTACT: Rick Wessel, President, or Doug Orr, Executive Vice President &
Chief Financial Officer, both of First Cash Financial Services, Inc.,
+1-817-505-3199, or investorrelations@firstcash.com /
/Web site: http://www.firstcash.com /