Velarion · Company Intelligence
Compensation Brief
Fiscal year 2022 · Filings through 2024-02-28

CURO Group Holdings (CURO)

CEO Douglas Clark was paid $3,565,298 in fiscal year 2022 (SEC filing 0001104659-23-052042 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$4,281,939
Donald Gayhardt total, FY2022
Former Chief Executive Officer — highest-paid officer; CEO Douglas Clark: $3,565,298
—
CEO (Douglas Clark) pay percentile vs peers
—
CEO-to-median pay ratio
99.15%
Say-on-pay support, latest vote

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01

Summary Compensation Table — fiscal year 2022

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Donald Gayhardt$840,000—$3,333,957———$107,982$4,281,939
Former Chief Executive Officer
Douglas Clark613,942500,0002,421,890———29,4663,565,298
Chief Executive Officer
Peter Kalen480,066—1,588,026———25,9582,094,050
Chief Executive Officer--Flexiti
William Baker354,083—1,505,732———45,9521,905,767
Former President and Chief Operating Officer
Daniel Kirsche445,833—1,070,897———18,4211,535,151
Chief Technology Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2022 totalFY2021 totalFY2020 totalΔ FY2021→2022
Donald Gayhardt$4,281,939$5,940,280—↓ −1,658,341
Douglas Clark3,565,298———
Peter Kalen2,094,0503,079,697—↓ −985,647
William Baker1,905,7673,086,485—↓ −1,180,718
Daniel Kirsche1,535,151———

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against CURO
1 company names CURO as a compensation peer

The list of companies that name CURO as a peer is temporarily unavailable — recheck shortly.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2022 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Ismail DawoodChief Financial Officer2023-05-23A200,000$1$218,000CommonForm 4 ↗
Douglas ClarkDirector2023-10-02A8,10218,488CommonForm 4 ↗
Chad FaulknerDirector2023-10-02A16,000117,211Common, indirectForm 4 ↗
Douglas ClarkDirector2023-10-03A11,898112,247CommonForm 4 ↗
Douglas ClarkDirector2023-11-01A15,973113,700CommonForm 4 ↗
Chad FaulknerDirector2023-11-01A16,000113,626Common, indirectForm 4 ↗
Douglas ClarkDirector2023-11-02A4,02713,366CommonForm 4 ↗
Ismail DawoodChief Financial Officer2023-11-10A21,600116,930CommonForm 4 ↗
Ismail DawoodChief Financial Officer2023-11-13A15,000112,731CommonForm 4 ↗
Douglas ClarkDirector2023-11-14D10,44418,251CommonForm 4 ↗
Douglas ClarkDirector2023-12-01A20,000115,682CommonForm 4 ↗
Chad FaulknerDirector2023-12-01A16,000112,955Common, indirectForm 4 ↗
Douglas ClarkDirector2023-12-26D8,02215,898CommonForm 4 ↗
Gary L. FulkCOO, Direct Lending2023-12-26D3,50712,578CommonForm 4 ↗
Douglas ClarkDirector2024-01-02A10,00018,479CommonForm 4 ↗
Ismail DawoodChief Financial Officer2024-01-02D8,56317,329CommonForm 4 ↗
Douglas ClarkDirector2024-02-10D6,11701,529CommonForm 4 ↗
Daniel KirscheChief Technology Officer2024-02-10D3,3520838CommonForm 4 ↗
Gary L. FulkCOO, Direct Lending2024-02-10D2,0970524CommonForm 4 ↗
Tamara L. SchulzChief Accounting Officer2024-02-10D1,6990425CommonForm 4 ↗
Douglas ClarkDirector2024-02-26D32,67207,753CommonForm 4 ↗
Tamara L. SchulzChief Accounting Officer2024-02-26D4,74901,127CommonForm 4 ↗
Gary L. FulkCOO, Direct Lending2024-02-26D7,75801,841CommonForm 4 ↗
Ismail DawoodChief Financial Officer2024-02-26D16,10303,821CommonForm 4 ↗
Daniel KirscheChief Technology Officer2024-02-26D9,33502,215CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2022

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Daniel KirschePRSU—————$1,070,897
William BakerPRSU—————1,505,732
Donald GayhardtPRSU—————3,333,957
Douglas ClarkPRSU—————2,421,890
Peter KalenPRSU—————1,588,026
03b

Vehicle mix — grant-date fair value by award type

Grant-level vehicle detail not disclosed.

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2022

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Peter KalenRSU55,728—$197,834
Peter KalenRSU46,771—166,037
Douglas ClarkRSU55,351—196,496
Douglas ClarkPSU150,000—532,500
Donald GayhardtPSU148,832—528,354
Donald GayhardtPSU139,288—494,472
Donald GayhardtRSU123,985—440,147
Donald GayhardtPSU123,985—440,147
Donald GayhardtPSU115,622—410,458
Donald GayhardtRSU77,082—273,641
Douglas ClarkPSU66,667—236,668
Douglas ClarkRSU57,604—204,494
Peter KalenPSU57,056—202,549
Douglas ClarkPSU55,351—196,496
Daniel KirschePSU50,000—177,500
Donald GayhardtRSU49,611—176,119
Peter KalenPSU46,771—166,037
Peter KalenPSU37,996—134,886
Daniel KirscheRSU32,323—114,747
Daniel KirscheRSU29,059—103,159
Daniel KirschePSU29,059—103,159
05

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation philosophy is to provide executive officers with a competitive compensation package that is heavily weighted towards performance-based (performance stock units and annual bonus opportunity) and variable (restricted stock units) compensation to encourage superior business and financial performance over the short and longer term and, by linking compensation with stock price performance, to closely align the interests of our NEOs with those of our shareholders without encouraging excessive risk-taking.

CEO STI target (% of salary)90%
CEO LTI target (% of salary)—
Independent consultantSemler Brossy Consulting Group, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20232023-06-1428,538,082243,26230,08699.15%Passed
20222022-06-1530,043,668437,29320,67198.57%Passed
20212021-06-1730,551,063295,26989,76799.04%Passed
20202020-06-0931,711,778276,43321,86999.14%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20232023-06-1499.15%a
20222022-06-1598.57%b
20212021-06-1799.04%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

08

Director compensation — fiscal year 2022

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Chris MastoIndependent · Compensation · Nominating/Governance$144,250$140,000$0—$3,581$287,831
Andrew FrawleyIndependent · Compensation (Chair) · Audit108,000140,0000—3,581251,581
Dale WilliamsIndependent · Audit (Chair) · Departed during FY107,500140,0000—3,581251,081
Karen WinterhofIndependent · Risk (Chair) · Nominating/Governance · Strategy and Corporate Development (Chair) · Departed during FY105,500140,0000—3,581249,081
Gillian Van SchaickIndependent · Risk (Chair) · Audit · Nominating/Governance99,000140,0000—3,581242,581
David KirchheimerIndependent · Lead Independent Director · Audit (Chair) · Compensation93,000140,0000—3,581236,581
Elizabeth WebsterIndependent · Compensation · Risk · Strategy and Corporate Development · Departed during FY92,000140,0000—3,581235,581
Chad FaulknerNot independent · Board Chair · Risk74,000140,0000—3,581217,581
Issac VaughnIndependent · Nominating/Governance (Chair) · Risk75,000140,0000—1,128216,128
Mike McKnightNot independent65,000140,0000—3,581208,581
Doug RippelNot independent · Strategy and Corporate Development · Not standing for re-election · Departed during FY37,00000—037,000
Douglas ClarkEmployee director000—00
09

Board fee structure and ownership guideline

Annual cash retainer$65,000
Annual equity retainer$140,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000 / 15,000 / 15,000
Stock ownership guideline$325,000
09b

Total cost of the board

ComponentFY2022
Cash retainers and fees$1,000,250
Equity awards (grant-date value)$1,400,000
All other compensation$33,357
Total cost of the board$2,433,607

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2022

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Daniel Kirsche CTO
10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1CURO Group Holdings2022Douglas Clark$613,942$2,421,890——$3,565,298

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10d

Frequently asked questions

Who was the highest-paid executive at CURO Group Holdings in fiscal 2022?
As disclosed, Donald Gayhardt (Former Chief Executive Officer) was the highest-paid executive at CURO Group Holdings in fiscal 2022, with total compensation of $4,281,939.
How did shareholders vote on CURO Group Holdings's executive compensation?
As disclosed, 99.15% of shareholders supported CURO Group Holdings's executive compensation in the latest say-on-pay vote.
How much does CURO Group Holdings spend in total on board compensation for fiscal 2022?
As disclosed, CURO Group Holdings reported total board compensation of $2,433,607 for fiscal 2022.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Donald GayhardtDEF 14A2023-04-280001104659-23-052042Section “Summary Compensation Table”. As printed: 4,281,939. Filing ↗
2Section 01, Douglas ClarkDEF 14A2023-04-280001104659-23-052042Section “Summary Compensation Table”. As printed: 3,565,298. Filing ↗
3Section 01, Peter KalenDEF 14A2023-04-280001104659-23-052042Section “Summary Compensation Table”. As printed: 2,094,050. Filing ↗
4Section 01, William BakerDEF 14A2023-04-280001104659-23-052042Section “Summary Compensation Table”. As printed: 1,905,767. Filing ↗
5Section 01, Daniel KirscheDEF 14A2023-04-280001104659-23-052042Section “Summary Compensation Table”. As printed: 1,535,151. Filing ↗
6Section 03, Daniel Kirsche PRSUDEF 14A2023-04-280001104659-23-052042Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t39 · r2 · c21 · span 856462–856471
7Section 03, William Baker PRSUDEF 14A2023-04-280001104659-23-052042Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t39 · r7 · c21 · span 882879–882888
8Section 03, Donald Gayhardt PRSUDEF 14A2023-04-280001104659-23-052042Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t39 · r5 · c21 · span 872240–872249
9Section 03, Douglas Clark PRSUDEF 14A2023-04-280001104659-23-052042Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t39 · r1 · c21 · span 851340–851349
10Section 03, Peter Kalen PRSUDEF 14A2023-04-280001104659-23-052042Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t39 · r3 · c21 · span 862146–862155
11Section 08, Chris MastoDEF 14A2023-04-280001104659-23-052042Section “Director Compensation”. As printed: 287,831. Filing ↗machine: t22 · r5 · c24 · span 523793–523800
12Section 08, Andrew FrawleyDEF 14A2023-04-280001104659-23-052042Section “Director Compensation”. As printed: 251,581. Filing ↗machine: t22 · r3 · c24 · span 517820–517827
13Section 08, Dale WilliamsDEF 14A2023-04-280001104659-23-052042Section “Director Compensation”. As printed: 251,081. Filing ↗machine: t22 · r11 · c24 · span 541534–541541
14Section 08, Karen WinterhofDEF 14A2023-04-280001104659-23-052042Section “Director Compensation”. As printed: 249,081. Filing ↗machine: t22 · r12 · c24 · span 544798–544805
15Section 08, Gillian Van SchaickDEF 14A2023-04-280001104659-23-052042Section “Director Compensation”. As printed: 242,581. Filing ↗machine: t22 · r7 · c24 · span 529673–529680
16Section 08, David KirchheimerDEF 14A2023-04-280001104659-23-052042Section “Director Compensation”. As printed: 236,581. Filing ↗machine: t22 · r4 · c24 · span 521085–521092
17Section 08, Elizabeth WebsterDEF 14A2023-04-280001104659-23-052042Section “Director Compensation”. As printed: 235,581. Filing ↗machine: t22 · r10 · c24 · span 538728–538735
18Section 08, Chad FaulknerDEF 14A2023-04-280001104659-23-052042Section “Director Compensation”. As printed: 217,581. Filing ↗machine: t22 · r2 · c24 · span 515095–515116
19Section 08, Issac VaughnDEF 14A2023-04-280001104659-23-052042Section “Director Compensation”. As printed: 216,128. Filing ↗machine: t22 · r8 · c24 · span 532837–532844
20Section 08, Mike McKnightDEF 14A2023-04-280001104659-23-052042Section “Director Compensation”. As printed: 208,581. Filing ↗machine: t22 · r6 · c24 · span 526958–526965
21Section 08, Doug RippelDEF 14A2023-04-280001104659-23-052042Section “Director Compensation”. As printed: 37,000. Filing ↗machine: t22 · r13 · c6 · span 546055–546061
22Section 08, Douglas ClarkDEF 14A2023-04-280001104659-23-052042Section “Director Compensation”. As printed: 0. Filing ↗
23Section 02, Ismail Dawood 2023-05-23Form 42024-02-130000950170-24-014800Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Douglas Clark 2023-10-02Form 42023-10-030001209191-23-051723Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Chad Faulkner 2023-10-02Form 42023-10-030001209191-23-051722Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Douglas Clark 2023-10-03Form 42023-10-030001209191-23-051723Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Douglas Clark 2023-11-01Form 42023-11-060001209191-23-054436Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Chad Faulkner 2023-11-01Form 42023-11-060001209191-23-054437Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Douglas Clark 2023-11-02Form 42023-11-060001209191-23-054436Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Ismail Dawood 2023-11-10Form 42023-11-140001209191-23-055222Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Ismail Dawood 2023-11-13Form 42023-11-140001209191-23-055222Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Douglas Clark 2023-11-14Form 42023-11-160001209191-23-055552Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Douglas Clark 2023-12-01Form 42023-12-050001209191-23-057566Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Chad Faulkner 2023-12-01Form 42023-12-050001209191-23-057568Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Douglas Clark 2023-12-26Form 42023-12-280001209191-23-059943Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Gary L. Fulk 2023-12-26Form 42023-12-280001209191-23-059944Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Douglas Clark 2024-01-02Form 42024-01-030000950170-24-001293Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Ismail Dawood 2024-01-02Form 42024-01-030000950170-24-001294Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Douglas Clark 2024-02-10Form 42024-02-130000950170-24-014808Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Daniel Kirsche 2024-02-10Form 42024-02-130000950170-24-014795Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Gary L. Fulk 2024-02-10Form 42024-02-130000950170-24-014794Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Tamara L. Schulz 2024-02-10Form 42024-02-130000950170-24-014796Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Douglas Clark 2024-02-26Form 42024-02-280000950170-24-022473Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Tamara L. Schulz 2024-02-26Form 42024-02-280000950170-24-022474Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Gary L. Fulk 2024-02-26Form 42024-02-280000950170-24-022475Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Ismail Dawood 2024-02-26Form 42024-02-280000950170-24-022476Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Daniel Kirsche 2024-02-26Form 42024-02-280000950170-24-022477Insider equity transaction reported since the proxy statement. Filing ↗
48Section 06, 2023 voteForm 8-K2023-06-160001711291-23-000045Item 5.07 · say-on-pay result. As reported: 99.15% (votes for as printed: 28,538,082). Filing ↗
49Section 06, 2022 voteForm 8-K2022-06-170001711291-22-000035Item 5.07 · say-on-pay result. As reported: 98.57% (votes for as printed: 30,043,668). Filing ↗
50Section 06, 2021 voteForm 8-K2021-06-170001711291-21-000063Item 5.07 · say-on-pay result. As reported: 99.04% (votes for as printed: 30,551,063). Filing ↗
51Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
52Section 09b board cost (computed)Computed——Cash 1,000,250 + equity 1,400,000 + all other 33,357 = 2,433,607, summed across the director compensation table rows.machine: formula: Σ = 2,433,607
53CURO Group Holdings (subject), Section 10b CEO totalDEF 14A2023-04-280001104659-23-052042CEO total compensation as printed in CURO Group Holdings's own proxy. As printed: 3,565,298. Filing ↗

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