Item 2.02 - Results of Operations and Financial Condition OnDecember 5, 2019 ,EZCORP, Inc. issued a press release announcing its results of operations and financial condition for the quarter and year endedSeptember 30, 2019 . A copy of that press release is attached as Exhibit 99.1. In addition to the financial information prepared in conformity with accounting principles generally accepted inthe United States ("GAAP"), we provide certain other non-GAAP financial information on a constant currency ("constant currency") and adjusted basis. We use constant currency results to evaluate our Latin America Pawn operations, which are denominated primarily in Mexican pesos and other Latin American currencies. We believe that presentation of constant currency and adjusted results is meaningful and useful in understanding the activities and business metrics of our operations and reflect an additional way of viewing aspects of our business that, when viewed with GAAP results, provide a more complete understanding of factors and trends affecting our business. We provide non-GAAP financial information for informational purposes and to enhance understanding of our GAAP consolidated financial statements. We use this non-GAAP financial information primarily to evaluate and compare operating results across accounting periods. Additionally, we provide free cash flow which represents net cash provided by operating activities less net funding of loan originations and maintenance capital expenditures which is commonly used by investors as an additional measure of cash generated by business operations that may be used to repay scheduled debt maturities and debt service or, following payment of such debt obligations and other non-discretionary items, may be available to invest in future growth through new business development activities or acquisitions, among other things. These metrics can also be used to evaluate our ability to generate cash flow from business operations and the impact that this cash flow has on our liquidity. However, free cash flow has limitations as an analytical tool and should not be considered in isolation or as a substitute for cash flow from operating activities or other income statement data prepared in accordance with GAAP. Readers should consider the information in addition to, but not instead of or superior to, our financial statements prepared in accordance with GAAP. This non-GAAP financial information may be determined or calculated differently by other companies, limiting the usefulness of those measures for comparative purposes. 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 byEZCORP under the Securities Act of 1933 or the Securities Exchange Act of 1934. Item 7.01 - Regulation FD Disclosure A copy of the presentation materials that management will review during the Company's fiscal 2019 earnings conference call (to be held onDecember 5, 2019 ) will be posted in the Investor Relations section of the company's website at www.ezcorp.com. The information set forth, or referred to, in this Item 7.01 shall not be deemed "filed" for purposes 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 into any registration statement or other filing made byEZCORP under the Securities Act of 1933 or the Securities Exchange Act of 1934, unless such subsequent filing specifically references this Item 7.01 of this Report. Item 8.01 - Other Events OnDecember 2, 2019 , the Company's Board of Directors authorized a share repurchase program for up to$60 million of the Company's publicly traded Class A Non-Voting Common Stock over the next three years. Under the stock repurchase program, the Company is authorized to repurchase shares from time to time at management's discretion through open market purchases, privately-negotiated transactions, block purchases or otherwise in accordance with applicable federal securities laws, including Rule 10b-18 of the Securities Exchange Act of 1934 (the "Exchange Act"). The Board also authorized the Company to enter into written trading plans under Rule 10b5-1 of the Exchange Act. Adopting a trading plan that satisfies the conditions of Rule 10b5-1 allows a company to repurchase its shares at times when it might otherwise be prevented from doing so due to self-imposed trading blackout periods or pursuant to insider trading laws. Under any Rule 10b5-1 trading plan, the Company's third-party broker, subject toSecurities and Exchange Commission regulations regarding certain price, market, volume and timing constraints, would have authority to purchase the Company's common stock in accordance with the terms of the plan. The Company may from time to time enter into Rule 10b5-1 trading plans to facilitate the repurchase of its common stock pursuant to its share repurchase program. The Company cannot predict when or if it will repurchase any shares of common stock as such stock repurchase program will depend on a number of factors, including stock price, trading volume, general market conditions, legal and regulatory
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requirements, general business conditions, the level of cash flows, and corporate considerations determined by management and the Board, such as liquidity and capital needs and the availability of attractive alternative investment opportunities. Information regarding share repurchases will be available in the Company's periodic reports on Forms 10-Q and 10-K filed with theSecurities and Exchange Commission as required by the applicable rules of the Exchange Act. This report contains forward-looking information, as that term is defined under the Exchange Act, including information regarding purchases by the Company of its outstanding shares of Class A Non-Voting Common Stock. By their nature, forward-looking information and statements are subject to risks, uncertainties and contingencies, including changes in price and volume and the volatility of the Company's common stock; adverse developments affecting either or both of prices and trading of exchange-traded securities, including securities listed on theNasdaq Stock Market ; and unexpected or otherwise unplanned or alternative requirements with respect to the capital investments of the Company. Item 9.01 - Financial Statements and Exhibits (d) Exhibits.
99.1 Press Release, dated
of operations and financial condition for the quarter and year ended
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