EZCORP INC — Earnings Release 2011

Nov 8, 2011

8-K 1 d85586e8vk.htm FORM 8-K e8vk PAGEBREAK

UNITED STATES 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

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Date of Report (Date of earliest event reported): November 8, 2011

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EZCORP, Inc.

(Exact name of registrant as specified in its charter)

Delaware	0-19424	74-2540145
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer
		Identification No.)

1901 Capital Parkway, Austin, Texas 78746 (Address of principal executive offices) (zip code)

Registrant’s telephone number, including area code: ( 512) 314-3400

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:

o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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TOC /TOC link1 "Item 2.02 — Results of Operations and Financial Condition"

Item 2.02 — Results of Operations and Financial Condition

On November 8, 2011, EZCORP, Inc. issued a press release announcing its results of operations and financial condition for the fourth fiscal quarter and 2011 fiscal year ended September 30, 2011. A copy of that press release is attached as Exhibit 99.1.

As used herein, “GAAP” refers to accounting principles generally accepted in the United States.

The press release furnished in Exhibit 99.1 presents the financial results in accordance with GAAP. In addition, net income, consolidated operating income and earnings per share for the fiscal year ended September 30, 2011 are also presented on a non-GAAP basis. Information sufficient to reconcile the non-GAAP measure to the GAAP measure is also presented. This non-GAAP financial measure is not meant to be considered in isolation or as a substitute for the corresponding GAAP measure.

As noted in the press release, the only difference between the presented non-GAAP measures and the GAAP measures is the exclusion of the affect of a one-time charge related to the retirement of the Company’s former Chief Executive Officer and related tax benefit that were recorded in the first quarter of fiscal 2011. The Company believes that excluding this one-time charge from the Company’s GAAP results allows management and investors to better understand the Company’s financial performance from period to period and in relation to the Company’s operating results. Management does not believe that the excluded one-time charge is reflective of underlying operating performance. The presentation of these non-GAAP financial measures facilitates an enhanced understanding of the Company’s actual and expected performance and enables more meaningful period-to-period comparisons.

The information set forth under this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference in any filing made by EZCORP under the Securities Act of 1933 or the Securities Exchange Act of 1934.

link1 "Item 8.01 — Other Events"

Item 8.01 — Other Events

On November 7, 2011, EZCORP, Inc. issued a press release announcing the completion of the acquisition of fifteen pawn stores in the San Antonio metropolitan area. A copy of that press release is attached as Exhibit 99.2.

link1 "Item 9.01 Financial Statements and Exhibits"

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press Release, dated November 8, 2011, announcing EZCORP, Inc.’s results of operations and financial condition for the fourth fiscal quarter and 2011 fiscal year ended September 30, 2011.

99.2 Press Release, dated November 7, 2011, announcing acquisition of Pawn Stores in San Antonio area.

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link1 "SIGNATURE"

SIGNATURE

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 hereunto duly authorized.

/s/ Stephen A. Stamp
Stephen A. Stamp
Senior Vice President and Chief Financial Officer

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link1 "EXHIBIT INDEX"

EXHIBIT INDEX

Exhibit
No.	Description of Exhibit
99.1	Press Release, dated November 8, 2011, announcing EZCORP, Inc.’s
results of operations and financial condition for the fourth
fiscal quarter and 2011 fiscal year ended September 30, 2011.
99.2	Press Release, dated November 7, 2011, announcing
acquisition of pawn stores in San Antonio Area.

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