World Acceptance ends interim CEO role, names PEO

World Acceptance Corporation ended Janet L. Matricciani’s role as Interim President and Chief Executive Officer effective June 3, 2026.

Rhea-AI Filing Summary

World Acceptance Corporation ended Janet L. Matricciani’s role as Interim President and Chief Executive Officer effective June 3, 2026. The company states her departure is not due to any disagreement over operations, policies, or practices, and the board expressed appreciation for her interim service while it continues searching for a permanent CEO.

Subject to her signing a separation agreement, she will receive accrued salary through June 3, 2026, unused vacation, expenses, vested benefits, retention of a $350,000 cash inducement award, severance equal to continued base salary through April 12, 2027 at $38,461.54 every two weeks, retention of 592 shares of previously vested restricted stock, and a lump sum equal to expected COBRA premiums through April 12, 2027. Effective June 3, 2026, Executive Vice President and Chief Operating Officer J. Tobin Turner, age 51, was designated Principal Executive Officer for SEC reporting purposes, with no change to his compensation.

Insights

Corporate governance analyst

Interim CEO exits; internal executive assumes reporting role.

World Acceptance Corporation ended the tenure of its Interim President and CEO, Janet L. Matricciani, while explicitly noting there was no disagreement on company matters. This presents as a planned leadership transition rather than a contentious departure.

The board continues its search for a permanent CEO, and has designated Executive Vice President and COO J. Tobin Turner as Principal Executive Officer for SEC reporting. His compensation is unchanged, which reinforces that this is primarily a reporting designation, not a full renegotiated leadership package.

Separation terms for Ms. Matricciani include a retained $350,000 inducement, base-salary severance through April 12, 2027, COBRA premium reimbursement, and 592 vested restricted shares. These are consistent with a pre-existing employment agreement and help frame the departure as contractual rather than extraordinary.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Figures

Cash inducement award: $350,000 Severance payroll installment: $38,461.54 every two weeks Restricted stock retained: 592 shares +3 more

6 metrics

Cash inducement award $350,000 Retention of inducement under employment agreement at separation

Severance payroll installment $38,461.54 every two weeks Base salary severance through April 12, 2027

Restricted stock retained 592 shares Previously vested restricted stock retained by Ms. Matricciani

Severance period end date April 12, 2027 End of continued base salary and COBRA-equivalent coverage period

Separation date June 3, 2026 Effective termination date of interim President and CEO role

Age of new PEO 51 Age of J. Tobin Turner at time of designation

Key Terms

Interim President and Chief Executive Officer, severance pay, COBRA coverage, Principal Executive Officer, +1 more

5 terms

Interim President and Chief Executive Officer financial

"agreed that Ms. Matricciani’s role as Interim President and Chief Executive Officer would terminate"

severance pay financial

"severance pay consisting of her continued base salary through April 12, 2027"

COBRA coverage financial

"a lump sum payment equal to the total premiums she would be expected to pay for COBRA coverage through April 12, 2027"

Principal Executive Officer regulatory

"has been designated to serve as the Company’s Principal Executive Officer for SEC reporting purposes"

The principal executive officer is the highest-ranking manager who leads a company’s overall strategy, operations and public communication—often acting like the captain of a ship who sets direction and makes final calls. Investors watch this person because their decisions, credibility and ability to deliver results shape company performance, risk and market confidence, and changes in that role can directly affect stock value and corporate accountability.

Item 404(a) of Regulation S-K regulatory

"no direct or indirect material interest in any existing or currently proposed transaction that would require disclosure under Item 404(a) of Regulation S-K"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why did World Acceptance Corporation (WRLD) end Janet Matricciani’s interim CEO role?

World Acceptance Corporation and Janet L. Matricciani agreed her Interim President and CEO role would end on June 3, 2026. The company states the termination is not due to any disagreement about operations, policies, or practices, and thanked her for her interim service.

What severance will Janet Matricciani receive from World Acceptance (WRLD)?

Subject to a separation agreement, Janet Matricciani will receive accrued salary and benefits through June 3, 2026, retain a $350,000 cash inducement, get base-salary severance through April 12, 2027, keep 592 vested restricted shares, and receive a COBRA premium reimbursement.

Who is now Principal Executive Officer at World Acceptance (WRLD)?

Effective June 3, 2026, Executive Vice President and Chief Operating Officer J. Tobin Turner, age 51, was designated Principal Executive Officer for SEC reporting. He continues in his existing roles, and his compensation did not change with this designation.

Did World Acceptance (WRLD) change J. Tobin Turner’s pay with his new designation?

There were no compensation changes for J. Tobin Turner when he was designated Principal Executive Officer. He continues as Executive Vice President and Chief Operating Officer, and the filing specifies no new arrangements or understandings tied to this designation.

Are there any related-party or family relationships disclosed for J. Tobin Turner at WRLD?

The company states there are no family relationships between J. Tobin Turner and any directors or executive officers. It also notes he has no direct or indirect material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/04/2026 - 09:15 AM Learn about SEC filing dates

false 0000108385 0000108385 2026-06-03 2026-06-03

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) June 3, 2026

WORLD ACCEPTANCE CORPORATION

(Exact name of registrant as specified in its charter)

South Carolina	000-19599	57-0425114
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

104 S. Main Street, Greenville, South Carolina	29601
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code (864) 298-9800

n/a

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, No Par Value	WRLD	The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company	☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.	☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 3, 2026, World Acceptance Corporation (the “Company”) and Janet L. Matricciani agreed that Ms. Matricciani’s role as Interim President and Chief Executive Officer would terminate effective June 3, 2026. The termination is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. The Board of Directors thanks Ms. Matricciani for her service in this interim role and is continuing its search for a permanent successor.

Conditioned on Ms. Matricciani’s execution of a separation agreement and general release, and consistent with the terms of her employment agreement, Ms. Matricciani will be entitled to receive the following: (i) a lump sum payment of her accrued salary through June 3, 2026 (the “separation date”), unused vacation pay, and expenses, as well as any vested benefits under any Company benefit plans or programs in which she was participating, through the separation date; (ii) retention of the $350,000 cash inducement award paid under her employment agreement, (iii) severance pay consisting of her continued base salary through April 12, 2027 in the amount of $38,461.54 payable every two weeks in accordance with the Company’s regular payroll schedule; (iv) retention of 592 shares of previously vested restricted stock pursuant to her employment agreement; and (v) a lump sum payment equal to the total premiums she would be expected to pay for COBRA coverage through April 12, 2027.

Effective June 3, 2026, Mr. J. Tobin Turner, age 51, has been designated to serve as the Company’s Principal Executive Officer for SEC reporting purposes. Mr. Turner will also continue in his roles as the Company’s Executive Vice President and Chief Operating Officer in which he has served since February 2026. Mr. Turner previously served as the Company’s Senior Vice President of Marketing and Analytics from 2023 to 2026. Prior to that, he served as an Associate Professor of Economics and Business Administration at Presbyterian College from 2010-2023, including serving as Department Chair. He has also founded and managed a series of multi-location-based service businesses for over 10 years. Mr. Turner has a Ph.D. in Operations and Supply Chain Management and a Master of Business Administration.

There were no changes to Mr. Turner’s compensation in connection with this designation and no arrangements or understandings between Mr. Turner and any other person pursuant to which Mr. Turner was so designated. There are no family relationships between Mr. Turner and any of the Company’s directors or executive officers, and Mr. Turner has no direct or indirect material interest in any existing or currently proposed transaction that would require disclosure under Item 404(a) of Regulation S-K.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	WORLD ACCEPTANCE CORPORATION
Date: June 4, 2026	By:	/s/ John L. Calmes, Jr.
		John L. Calmes, Jr.
		Executive VP, Chief Financial & Strategy Officer and Treasurer

Filing Exhibits & Attachments

4 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.5 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 11.2 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 15.0 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.3 KB