3 unchanged sentences
The bill becomes effective in June 2023, and could adversely impact the financial position or results of operations of Cash Converters, in which the Company has an equity investment.
−Removed: We cannot estimate the financial effect that this bill may have on our investment at this time.
+Added: Cash Converters recognized a one-time, non-cash impairment expense of AUD$110.5 million against goodwill in their financial statements for the period ended December 31, 2022 and, based upon our 43.7% ownership of Cash Converters, after translation to USD, we recorded a $32.5 million equity method loss during the quarter.
+Added: A decline in the operating results of Cash Converters, if any, resulting from the change of law could adversely affect our investment.
Unregistered Sale of Equity Security and Use of Proceeds
−Removed: The table below provides certain information about our repurchase of shares of Class A Non-voting Common Stock during the quarter ended December 31, 2022.
+Added: The table below provides certain information about our repurchase of shares of Class A Non-voting Common Stock during the quarter ended March 31, 2023.
Share Repurchases
2 unchanged sentences
(in thousands, except number of shares and average price information)
−Removed: October 1, 2022 through October 31, 2022 115,902 $ 8.32 115,902 $ 47,001
−Removed: November 1, 2022 through November 30, 2022 — N/A — $ 47,001
−Removed: December 1, 2022 through December 31, 2022 705,863 $ 8.58 127,160 $ 45,941
−Removed: Quarter ended December 31, 2022 821,765 $ 8.55 243,062 $ 45,941
+Added: January 1, 2023 through January 31, 2023 218,905 $ 8.86 218,905 $ 44,001
+Added: February 1, 2023 through February 28, 2023 83,228 $ 9.02 83,228 $ 43,250
+Added: March 1, 2023 through March 31, 2023 146,198 $ 8.54 146,198 $ 42,001
+Added: Quarter ended March 31, 2023 448,331 $ 8.79 448,331 $ 42,001
(1) On May 3, 2022, the Board of Directors approved a share repurchase program, under which we are authorized to repurchase up to $50 million of our Class A Non-Voting common shares over a three-year period.
1 unchanged sentence
Execution of the program will be responsive to fluctuating market conditions and valuations, liquidity needs and the expected return on investment compared to other opportunities.
−Removed: (2) On December 12, 2022, we used approximately $5.0 million of the net proceeds from the 2029 Convertible Notes offering to repurchase 578,703 shares of our Class A common stock from purchasers of our 2029 Convertible Notes in privately negotiated transactions.
−Removed: Such transactions were authorized separately from, and not considered a part of, the publicly announced share repurchase program referred to in footnote (1) above.
The following exhibits are filed with, or incorporated by reference into, this report.
2 unchanged sentences
Exhibit Filing Date
−Removed: 4.1 Indenture, dated December 12, 2022, between EZCORP, Inc.
−Removed: and Truist Bank, as trustee
−Removed: 8-K 0-19424 4.1 December 13, 2022
−Removed: 10.1 Purchase Agreement, dated December 7, 2022, between EZCORP, Inc.
−Removed: and Morgan Stanley & Co.
−Removed: as representative of the Initial Purchasers
−Removed: 8-K 0-19424 10.1 December 13, 2022
−Removed: 10.2 Amended and Restated EZCORP, Inc.
−Removed: 2022 Long-Term Incentive Plan, effective November 15, 2022
−Removed: 10-K 0-19424 10.5 November 16, 2022
−Removed: 10.3 EZCORP, Inc.
−Removed: Change in Control Severance Plan, effective November 15, 2022
−Removed: 10-K 0-19424 10.6 November 16, 2022
−Removed: 10.4 Amendment to Amended and Restated EZCORP, Inc.
−Removed: 2010 Long-Term Incentive Plan, effective November 15, 2022
−Removed: 10-K 0-19424 10.7 November 16, 2022
31.1 Certification of Principal Executive Officer, pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934
11 unchanged sentences
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.
−Removed: February 1, 2023 /s/Timothy K.
+Added: May 3, 2023 /s/Timothy K.
Chief Financial Officer
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.