FirstCash Holdings, Inc. (FCFS) — Reincorporation detail

Announcement

2026-04-28

First SEC disclosure

Meeting / Vote

2026-06-09

APPROVED

Effective

—

Legal effective date

Market Cap

$9.9B

At announcement

Why this firm matters

Standard cohort firm (Approved). Included for breadth across destinations and sectors.

Controller & ownership

Diffuse / non-controlled

Ownership concentration data not yet documented for this firm.

Source: Large-cap, widely held

Vote outcome — reincorporation proposal

Approval standard: majority of all shares outstanding (DGCL §266 conversion). Meeting type: annual.

For

23,600,784

Against

16,811,631

Abstain

45,637

Broker non-vote

1,229,891

53.84% approval (For ÷ outstanding voting power (DGCL §266 conversion))

Event-study abnormal returns — announcement window

Returns around the announcement date.

Event date: 2026-04-28 · Estimation window: trailing 240 days; 240 valid after NaN drop

Specification	Day-0 AR	Inference
Market model (SPY benchmark) HEADLINEi	-1.54%	Patell-z p-value = 0.379

Event-study abnormal returns — vote window

Returns around the shareholder-vote (or written-consent) date.

Vote window CARs not yet computed (vote on 2026-06-09).

Long-run abnormal returns & pooled estimates

Buy-and-hold abnormal returns (1 / 3 / 6 / 12 months) and calendar-time portfolio alpha (CTE) post-effective.

No long-run / pooled estimates available for this firm yet — run phase5z_compute_longrun.py on Windows to populate (requires effective date ≥ 3 months ago).

Cohort-level robustness battery

Heckman selection-corrected ATE · Romano-Wolf step-down + BH FDR · pooled BHAR. This firm's reading is shown in context of the full cohort.

Heckman two-step selection correction (controlled-vs-widely-held)

Cohort ATE = +0.94% (SE = 7.06%, n = 2395) after correcting for controller-status selection (inverse Mills ratio = -0.062).

Romano-Wolf step-down + Benjamini-Hochberg FDR (n = 47)

This firm: raw p = 0.379, Romano-Wolf adjusted p = 1.000, BH-FDR adjusted p = 0.966. Multiple-hypothesis correction is computed across the full cohort to control family-wise error rate at alpha = 0.05.

Pooled cohort BHAR (mover firms only)

BHAR_63d: mean = -5.60% (SE = 22.11%, n = 3, p = 0.499) · BHAR_126d: mean = +17.33% (SE = 41.17%, n = 3, p = 0.774)

See Cohort event study → for the full battery and forest plots.

Texas Statutory Adoptions

Status: N/A pending reincorporation.

The Texas opt-in statutory regimes (TBOC §21.552 / SB 29 derivative threshold; TBOC §21.373 / SB 1057 shareholder-proposal threshold) are available only to firms that are nationally listed Texas corporations. FirstCash Holdings, Inc. is not yet Texas-incorporated; the move is pending shareholder vote with a proposed effective date of 2026-07-01. These adoptions can be elected only on or after the firm's TX effective date.

Source filings

Primary-source documents on SEC EDGAR plus IR / search links.

Source filings pending EDGAR backfill. No primary-source filings are presently linked in the canonical record for this firm. Until backfill completes, see SEC EDGAR company browse (CIK 0000840489) → for the live filings list.

Classification & audit trail

Bucket

Panel eligibility

PANEL_E_DE_baseline

Audit status

EDGAR_LOOKUP_NEEDED

Source confidence

—

Transaction status

COMPLETED

Audit notes

Effective date present but no Accession URL in v6 rev78; retrieve from EDGAR.
[2026-04-29] v3.83: ENABLED — flag 0→1. Annual meeting June 9, 2026; 43,836,687 common shares outstanding (record date Apr 13, 2026); ~$9B mcap. DGCL §266 conversion. DEF 14A filed April 28, 2026.
[2026-06-09] FCFS VOTE PASSED — 8-K Item 5.07 filed 2026-06-09 by Brian D. Hostetler (SVP/CAO). DGCL §266 conversion approved: For=23,600,784 (53.84% of outstanding); Against=16,811,631; Abstain=45,637; Broker N/V=1,229,891; Turnout 41,687,943/43,836,687 = 95.09%. Lowest approval margin in tracked DE→TX mover cohort. BACKFILL REQUIRED: vote_outcome_8k_accession not yet captured (use EDGAR after indexing).