WORLD ACCEPTANCE CORP SEC Filings

World Acceptance Corp Executive Vice President, Chief Financial & Strategy Officer, and Treasurer John L. Calmes Jr. reported selling 2,000 shares of common stock on 2026-07-30 at $186 per share in an open-market or private transaction. After this sale, he directly owns 48,334 shares of the company’s common stock.

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 asks shareholders to vote at its 2026 Annual Meeting on August 19, 2026 in Greenville, SC. Items include electing six independent directors, an advisory vote on executive pay, and ratifying RSM US LLP as auditor for the year ending March 31, 2027.

Shareholders of record on July 8, 2026, when 4,660,413 common shares were outstanding, are entitled to one vote per share. The company reports fiscal 2026 net income of $34.6 million and diluted EPS of $6.88, and returned $132.4 million through share repurchases, including a $60.0 million buyback of 347,064 shares from a Prescott affiliate at $172.88 per share approved by the Board.

Prescott General Partners beneficially owns 1,456,150 shares, or 31.2% of the class; all directors and executives together hold 1,769,996 shares, or 38.0%. The board highlights fully independent membership, an independent chair, established audit, compensation and nominating committees, and performance-based equity awards tied to EPS, and recommends voting FOR all three proposals.

Prescott General Partners LLC, a more than ten percent owner of WORLD ACCEPTANCE CORP, reported indirect ownership changes in the company’s common stock through its investment partnerships as of July 2, 2026.

A key entry is a Code J transaction where 56,274 shares of common stock, held by Prescott Associates L.P., were distributed in kind to one of its limited partners at $219.46 per share in partial satisfaction of a withdrawal request. This is an internal partnership restructuring rather than an open-market trade.

Following this and related updates, Prescott Associates L.P. is shown holding 895,796 shares, Idoya Partners L.P. holding 518,550 shares, and Prescott International Partners L.P. holding 41,804 shares, all reported as indirectly beneficially owned by Prescott General Partners LLC subject to pecuniary-interest limits under Rule 16a-1.

World Acceptance Corporation’s major shareholder group has updated its Schedule 13D/A to reflect current holdings and a recent distribution. Prescott General Partners LLC, as general partner of the investment partnerships, may be deemed to beneficially own 1,456,150 shares of common stock, representing 31.4% of the 4,640,323 shares outstanding as of May 27, 2026. Other reporting persons include Prescott Associates, Idoya Partners, Prescott Investors Profit Sharing Trust, Thomas W. Smith, and Scott J. Vassalluzzo, with individual beneficial stakes ranging from 0.7% to 19.3%.

The amendment restates the purpose of the investment, noting that 1,579,374 shares are held across various managed accounts to pursue their investment objectives. The group indicates it may buy or sell additional shares and may engage with management, the board, other shareholders, and third parties regarding strategies to maximize shareholder value, while stating it has no present specific plans for actions listed in Item 4. The filing also discloses that on July 2, 2026, Prescott Associates distributed 56,274 shares in kind to a limited partner to satisfy a withdrawal request at a value of $223.83 per share, and that no other reporting person has traded the stock in the last 60 days.

Filer submitted a Form 144 reporting proposed sales of Common stock. The filing lists proposed open-market sales of 2,492 shares purchased on 12/08/1992 and 53,782 shares purchased on 12/04/1992. The broker/dealer listed is Fidelity Brokerage Services LLC and the exchange is NASDAQ.

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.