Every 8-K that World Acceptance Corp (WRLD) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow WRLD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WRLD filings page.
WORLD ACCEPTANCE CORP (WRLD) reported results of its Annual Meeting of Shareholders held on August 19, 2026. Of 4,660,413 shares outstanding and entitled to vote, 4,057,996 were represented, establishing a quorum.
Shareholders elected six directors — Ken R. Bramlett, Jr., Scott J. Vassalluzzo, Charles D. Way, Darrell E. Whitaker, Elizabeth R. Neuhoff, and Benjamin E. Robinson III — each receiving more votes cast for than withheld. Shareholders also approved, on an advisory (non-binding) basis, the executive compensation program, with 2,947,606 votes for and 708,462 against. In addition, shareholders ratified the appointment of RSM US LLP as independent registered public accounting firm for the fiscal year ending March 31, 2027, with 4,052,458 votes for and a minimal number against or abstaining.
World Acceptance Corporation approved a share repurchase program authorizing repurchases of up to $50.0 million of its outstanding common stock, inclusive of any remaining capacity under prior repurchase authorizations. The timing and number of shares repurchased will depend on factors such as stock price, corporate and regulatory requirements, available funds, alternative uses of capital, restrictions under the Revolving Credit Agreement, and market and economic conditions. The company states that the repurchase program may be suspended or discontinued at any time.
World Acceptance Corporation reported first quarter fiscal 2027 results with total revenues of $139.2 million, up from $132.8 million a year earlier. Net income increased to $6.1 million from $1.6 million, and diluted EPS rose to $1.33 from $0.30. The quarter included $4.6 million of CEO transition expense; excluding this, adjusted net income was $9.7 million and adjusted diluted EPS was $2.12.
Gross loans outstanding reached $1.29 billion as of June 30, 2026, a 2.3% increase from the prior year. Loans 61 days or more past due on a recency basis declined to 5.2% from 5.4%. New customer loan volume fell 40.1% while refinance volume grew 4.3%, contributing to a 1.9% decline in the customer base over twelve months. Same-store gross loans for branches open at least twelve months increased 2.2%.
The provision for credit losses decreased to $43.8 million from $50.5 million. General and administrative expenses rose to $76.1 million, or 54.7% of revenues, including $4.6 million of CEO transition-related costs. Interest expense increased to $11.4 million as average debt outstanding rose to $582.3 million, and the debt-to-equity ratio moved to 1.6:1. The company repurchased 15,858 shares for about $2.2 million and had approximately 4.5 million common shares outstanding as of June 30, 2026.
World Acceptance Corporation expanded its revolving credit facility by entering into an Accordion Increase under its existing Revolving Credit Agreement. Investar Bank, National Association provided a new Commitment of $15.0 million, raising total aggregate Commitments under the facility from $640.0 million to $655.0 million.
The additional obligations are secured and guaranteed on a pari passu basis with the company’s existing obligations and carry the same interest rate and maturity terms as current loans. World Acceptance agreed to pay the Increasing Lender an upfront fee equal to 0.15% of the new Commitment, and issued a Revolving Credit Note in the principal amount of $15.0 million to evidence loans under the expanded facility.
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.
World Acceptance Corporation entered into a consent and limited modification with Bank of Montreal and its lenders to temporarily ease a key debt covenant under its Revolving Credit Agreement. The agreement governs a financial test measuring the ratio of Net Income Available for Fixed Charges to Fixed Charges.
The minimum ratio, normally 2.25 to 1.0 each quarter, will be reduced to 2.20 to 1.0 for the quarter ending March 31, 2026, 2.10 to 1.0 for June 30, 2026, and 2.15 to 1.0 for September 30, 2026. Starting with the quarter ending December 31, 2026, the covenant level returns to 2.25 to 1.0, and all other terms of the Credit Agreement remain unchanged.
World Acceptance Corporation reported mixed fourth-quarter fiscal 2026 results. Net income for the quarter was $36.5M, down from $44.3M a year earlier, with diluted EPS of $7.70 versus $8.13. Total revenues rose to $177.6M, a 7.4% increase, driven by higher interest, fee, and tax preparation income.
Gross loans outstanding reached $1.28B as of March 31, 2026, up 4.4% year over year, and credit metrics improved modestly, with fewer loans past due. However, provision for credit losses and general and administrative expenses increased, compressing margins.
For the full year, net income fell sharply to $35.0M from $89.7M, with diluted EPS dropping to $6.97 from $16.30. The company continued significant share repurchases, buying back 16.5% of outstanding shares in fiscal 2026 while leveraging up to a debt-to-equity ratio of 1.7:1.
World Acceptance Corporation announced that President and CEO R. Chad Prashad resigned from his executive roles and board seat effective April 10, 2026, to pursue other opportunities. His departure is not due to any disagreement with the company, and will be treated as a termination without cause under his employment and equity agreements.
Under a separation agreement, Prashad will receive severance of $1,260,000 paid over 24 months, accelerated vesting of time-based equity awards, Supplemental Income Plan payments, a lump-sum COBRA premium payment for 18 months, and title to his company car and mobile phone, with vested options exercisable for up to one year. The board appointed former CEO Janet L. Matricciani as Interim President and CEO effective April 13, 2026, under a 12‑month employment agreement providing a monthly salary of $83,333, a $350,000 signing bonus, and a stock grant of 7,095 shares vesting monthly. Upon Prashad’s departure, the board size was reduced from seven to six directors.
World Acceptance Corporation appointed J. Tobin Turner as Executive Vice President and Chief Operating Officer, effective in mid-February 2026. He previously served as Senior Vice President of Strategy and Analytics and has an academic and entrepreneurial background in operations, economics, and multi-location service businesses.
Turner’s initial base salary is $450,000, with eligibility under the Company’s Stock Incentive Plan and other executive benefits. His employment agreement provides severance equal to $450,000 over 24 months (or a lump sum after a change in control), accelerated vesting of certain equity awards, and COBRA premium support if he is terminated without cause or resigns for good reason. In connection with his promotion, he received 6,000 time-based restricted shares vesting quarterly over three years and 2,500 performance-based restricted shares tied to an earnings-per-share target through March 31, 2027, subject to continued employment and performance certification, along with non-compete, non-solicitation, confidentiality, and non-disparagement obligations.
World Acceptance Corporation disclosed that its Board of Directors approved a new share repurchase program authorizing the company to buy back up to $50.0 million of its outstanding common stock. This total is inclusive of any amount still available under prior repurchase authorizations.
The number of shares actually repurchased will depend on factors such as the stock price, corporate and regulatory requirements, available funds, alternative uses of capital, restrictions under the company’s Revolving Credit Agreement, and broader market and economic conditions. The program may be suspended or discontinued at any time, giving the company flexibility to adjust repurchase activity as circumstances change.
World Acceptance Corporation furnished a Form 8-K to share that it issued a press release with financial information for its third quarter ended December 31, 2025. The company states that this press release, dated January 27, 2026, is attached as Exhibit 99.1 to the Form 8-K and is being furnished to, but not filed with, the Securities and Exchange Commission. The filing also includes an Exhibit 104 cover page interactive data file embedded within the Inline XBRL document.
World Acceptance Corporation furnished an update on its recent performance. The company reported that it issued a press release with financial information for its second quarter ended September 30, 2025, and made it available as Exhibit 99.1.
The disclosure was made under Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure), and is being furnished to the Commission rather than filed. WRLD’s common stock trades on the Nasdaq Global Select Market.
World Acceptance Corporation describes the material terms of a new warehouse-style Credit Agreement used to finance transferred receivables. Originators will assign receivables to the company, which will sell them to a Borrower that pledges those assets to the Administrative Agent to secure lender obligations. The Borrower paid an upfront agent fee at closing and must pay interest on drawn loans; principal is repayable in installments but may be prepaid subject to a three-business-day notice and payment of certain breakage costs and an exit fee. The Purchase Agreement limits the Company’s recourse to repurchase, substitute, or cure receivables that failed eligibility tests as of transfer. The Servicer may delegate servicing to Originators as Subservicers but remains ultimately responsible, and the Credit Agreement contains delinquency and charge-off covenants that can trigger Level I/II/III events.
World Acceptance Corporation disclosed details about its 2025 Stock Incentive Plan. The plan is administered by the Compensation and Stock Option Committee and is open to employees and non-employee directors who are selected by the Committee. The maximum number of shares that may be issued under the plan is 400,000 shares, subject to adjustments under the plan document. The filing notes that the full text of the 2025 Plan is filed as Exhibit 10.1 to the Current Report and refers readers to Proposal 3 in the company’s Proxy Statement filed with the SEC on July 23, 2025 for additional information.
WRLD filed an 8-K announcing several capital structure actions dated 22 Jul 2025.
The company replaced its prior $730 m Wells Fargo revolver (maturing Jun 2026) with a 3-year, $640 m senior secured asset-based credit facility led by Bank of Montreal. An accordion can boost total commitments to $790 m. Key covenants include: minimum consolidated net worth $325 m; fixed-charge coverage ≥2.25×; total-debt-to-adjusted-net-worth ≤225 %; and consolidated asset-quality indicator ≤26 %. The facility allows up to $100 m share repurchases over the next year plus 100 % of cumulative net income during its term, and permits future receivables securitizations.
Concurrently, WRLD delivered notice to redeem its entire $168.3 m 7.00 % senior secured notes due 2026 at 101.75 % on 29 Aug 2025, eliminating a high-coupon liability. The board also authorized a $100 m share-repurchase program, inclusive of prior unused authorizations. First-quarter FY26 results (ended 30 Jun 2025) will be released via the attached press release (Ex. 99.1).