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Get filing alertsFirstCash Holdings shareholders approve reincorporation to Texas with 58% support
Filed June 9, 2026 · Period ending June 9, 2026 · ~1 min read
Key Changes
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Shareholders approved reincorporating the company to Texas with 58% support (23.6M for, 16.8M against), a significant corporate governance change that will subject FirstCash to Texas corporate law instead of its current jurisdiction.
Item 5.07 verify on EDGAR → -
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Three directors elected to three-year terms with majority support: Daniel Berce (38.1M votes), Mikel Faulkner (36.4M votes), and Randel Owen (34.5M votes). No contested seats.
Item 5.07 verify on EDGAR → -
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Shareholders ratified RSM LLP as independent auditor for 2026 with 97% approval (40.5M for, 1.1M against), confirming the audit committee's selection.
Item 5.07 verify on EDGAR → -
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Executive compensation approved on advisory basis with 96% support (38.8M for, 1.3M against), indicating shareholder satisfaction with management pay practices.
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Summary
FirstCash Holdings held its 2026 Annual Meeting with strong 95% shareholder turnout, addressing four key proposals. The most notable outcome was approval to reincorporate in Texas, which passed with just 58% support—significantly lower than the 96-97% approval rates for other items.
This reincorporation will change the legal framework governing the company, potentially affecting shareholder rights and corporate governance under Texas law versus the current state. The remaining votes were routine annual matters that passed with overwhelming support. Three directors were re-elected to three-year terms, the independent auditor was ratified, and executive compensation received advisory approval.
The strong support for these items suggests general shareholder satisfaction with management and board oversight. Retail investors should monitor how the Texas reincorporation affects corporate governance practices and shareholder protections once the conversion is completed. The lower approval rate suggests meaningful shareholder concern about this change.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 10, 2026 · How we verify