EZCORP, Inc. (NASDAQ:EZPW) Files An 8-K Regulation FD Disclosure
Item 7.01 — Regulation FD Disclosure
EZCORP, Inc. (NASDAQ:EZPW) Files An 8-K Regulation FD Disclosure
On May 15, 2020, Jason A. Kulas, President and Chief Financial Officer, entered into a prearranged trading plan to purchase shares of the Company’s Class A Non-Voting Common Stock. The plan calls for open market purchases of up to 1,000 shares per month over the next 12 months. This plan was designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934 and the Company’s policies regarding stock transactions.
Rule 10b5-1 permits persons who may be considered company insiders to establish written prearranged stock trading plans when they are not in possession of material, nonpublic information. The plans establish predetermined trading parameters that do not permit the person adopting the plan to exercise any subsequent influence over how, when or whether to effect trades. All sales under the plans will be disclosed publicly through appropriate filings with the U.S. Securities and Exchange Commission.
The information in this Item 7.01 shall not be deemed to be incorporated by reference into any registration statement or other document to the Securities Act of 1933, as amended, unless such subsequent filing specifically references Item 7.01 in this Current Report on Form 8-K.
About EZCORP, Inc. (NASDAQ:EZPW)
EZCORP, Inc. provides pawn loans in the United States and Mexico, and consumer loans in Mexico. The Company operates through four segments: U.S. Pawn, which includes its EZPAWN, value pawn and jewelry, and other branded pawn operations in the United States; Mexico Pawn, which includes its Empeno Facil pawn operations and cash converters buy/sell store operations in Mexico; Grupo Finmart, which includes its Crediamigo and Adex payroll withholding loan operations in Mexico, and Other International, which includes its CASHMAX financial services operations in Canada and its equity interest in Cash Converters International. It offers pawn loans, which are non-recourse loans, collateralized by tangible property, and it sells merchandise, primarily collateral forfeited from pawn lending operations and used merchandise purchased from customers at its pawn stores.
