Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers (d) On
July 28, 2014, The Board of Directors appointed the following persons to serve as directors until the next annual meeting of the Company's stockholders or, if earlier, until their respective resignation or removal: • Joseph L. Rotunda- Mr. Rotunda, age 67, served as the Company's President and Chief Executive Officer, and a member of the Board of Directors, from August 2000to November 2010. Upon his retirement in November 2010, Mr. Rotundaserved as a consultant to the Company from November 2010to November 2013and has since served as a consultant and adviser to various businesses.
In connection with
Company's Board of Directors from
January 2005to January 2014. He served as Chairman of the Audit Committee from January 2004to November 2008, and as Lead Independent Director from November 2008to September 2013. Since 1990, Mr. Robertshas been a private investor and is currently Chairman of the Board of Directors of Pensco, Inc., a financial services company, having previously served as a senior executive (including Chief Financial Officer) of Schlumberger, Ltd. (1970 to 1985) and director of Control Data Computer Systems and Services (1985 to 1989). Mr. Robertswill serve on the Audit Committee and will chair the committee on an interim basis. In connection with Mr. Roberts'retirement from the Board of Directors in January 2014, the Company agreed to continue to pay Mr. Roberts'annual retainer fee through the end of fiscal 2014 (totaling $97,500) and to accelerate the vesting of 13,250 shares of the Class A Non-Voting Common Stock that remained unvested at the time of the retirement. • Peter Cumins- Mr. Cumins, age 63, is the Managing Director of Cash Converters International Limited, a public company headquartered in Perth, Western Australia, and traded on the Australian Stock Exchange(ASX: CCV). The Company owns approximately 33% of the outstanding capital stock of Cash Converters, owns and operates 35 stores in the United Statesand Canadaunder the "Cash Converters" brand under a license with Cash Converters, and has entered into a joint venture with Cash Converters to develop a network of franchised buy/sell stores in Mexicounder the "Cash Converters" brand.
A copy of the Company's press release announcing these appointments is attached to this Report as Exhibit 99.2 and incorporated herein by reference. As directors,