ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
ITEM 5.02. COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
Effective as of January 1, 2009, EZCORP, Inc. ("the Company") entered into an
Employment and Compensation Agreement with Joseph L. Rotunda, the Company's
President and Chief Executive Officer. Under the Agreement Mr. Rotunda will
among other things, continue to serve in the capacity of President and Chief
Executive Officer of the Company reporting to the Chairman of the Board and
remain an employee of Texas EZPAWN, L.P. The Agreement has a 21 month initial
term expiring on October 8, 2010, and may be extended by mutual agreement of the
parties for additional successive one year terms. The Agreement contains certain
severance benefits upon termination of employment in various circumstances. The
Agreement also provides for a five year consulting agreement if Mr. Rotunda
serves the full term of the employment agreement and then retires. The Agreement
also contains certain non-disclosure, non-competition, and non-solicitation
covenants. The terms and conditions of the Agreement are set forth in the copy
of the Agreement filed as Exhibit 10.1 of this Form 8-K and are incorporated
herein by reference in their entirety.
The Agreement is filed as Exhibit 10.1 to this Form 8-K and is incorporated by
reference herein.
