Company: FCFS
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000840489-25-000055
Chunk: 40

Company: FirstCash Holdings, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 40
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 and loan originations during 2024 increased 5% compared to the prior year. Excluding the furniture vertical, 2024 origination volume increased approximately 27%.

• AFF revenues increased 3% in 2024 while segment earnings declined 3% compared to the prior year. The anticipated slight decline in segment earnings was reflective of lower net revenue from AFF’s furniture vertical, partially offset by strong growth in non-furniture net revenues.

(1) The Company completed the AFF acquisition on December 17, 2021; therefore, 2021 includes the results of operations for AFF for the period December 17, 2021 to December 31, 2021.

(2) Non-GAAP financial measure. See detailed reconciliation of non-GAAP financial measures provided in Appendix A.

#### Role of the Compensation Committee
The Compensation Committee reviews and administers the compensation program for the Company’s executive officers, including recommending to the Board of Directors for approval the specific compensation of all of the NEOs. Compensation is typically set at the first Compensation Committee meeting each calendar year after reviewing performance for the past year and prospects for the year ahead. The Compensation Committee regularly meets with the CEO, COO and CFO, who provide insight into how individual executives are performing. The Compensation Committee retains broad flexibility in the administration of the Company’s compensation plans.

The Compensation Committee has the authority to engage outside advisors to assist the Compensation Committee in the performance of its duties. In particular, the Compensation Committee has sole authority to retain and terminate any compensation consultant to assist in the evaluation of director, CEO or senior executive compensation, including sole authority to approve such consultant’s reasonable fees and other retention terms, all at the Company’s expense.

The Compensation Committee’s Use of an Independent Consultant

The Compensation Committee retained the services of Pay Governance, an independent compensation advisory firm, to advise the Compensation Committee on various aspects of the Company’s compensation program. The Compensation Committee assessed Pay Governance's independence, as required under Nasdaq listing rules. Based on this review, the Compensation Committee does not believe any conflict of interest existed with the work performed by Pay Governance and considers them to be independent.

Pay Governance worked with the Compensation Committee and management to develop the 2024 peer group (“2024 Peer Group”) discussed below, provided benchmark compensation data for the NEOs of the 2024 Peer Group and reviewed recommendations on the structure of the 2024 compensation program, including salaries, target award amounts, maximum payouts and the performance metrics included in the 2024 incentive plans. Additionally