World Acceptance Corp 13D/A: Prescott Trims 32.6k Shares, Keeps Control

Rhea-AI Filing Summary

World Acceptance Corp. (WRLD) – Schedule 13D/A (Amendment 10) highlights

The Prescott family of investment vehicles and related individuals continue to be the dominant outside shareholders of WRLD. Prescott General Partners LLC (PGP), as general partner of three limited partnerships, is beneficial owner of 1,842,134 shares, or 34.7 % of the 5,307,307 shares outstanding (per the issuer’s 22-May-2025 10-K). Including affiliated entities and personal accounts, total managed holdings amount to 1,989,162 shares (37.5 %).

• Prescott Associates L.P.: 1,212,367 shares (22.8 %) with shared voting/dispositive power.
• Idoya Partners L.P.: 576,394 shares (10.8 %).
• Prescott Investors Profit Sharing Trust: 67,640 shares (1.3 %), sole voting/dispositive.
• Thomas W. Smith: 560,600 shares (10.6 %), including 483,000 held via Ridgeview Smith Investments LLC.
• Scott J. Vassalluzzo (company director): 31,788 shares (0.6 %).

Recent activity: On 2-Jul-2025 Prescott Associates distributed 32,649 shares in-kind to a withdrawing limited partner, valued at US$165.12 per share. No other transactions were reported within the past 60 days.

Purpose & future actions: Holdings are for investment purposes, but the group may engage with management, directors, or third parties to pursue strategies that could enhance shareholder value. No definitive plans have been formulated under Items 4(a)-(j).

The filing underscores a highly concentrated ownership structure, providing the Prescott group with substantial influence over governance matters, while signalling continued commitment despite a marginal reduction in shares.

Positive

• Prescott group retains a sizable 34.7 % stake, signalling continued confidence in WRLD’s long-term prospects.
• Language allowing dialogue with management suggests potential future value-enhancing activism.

Negative

• Small in-kind distribution (32,649 shares) marks a modest reduction in ownership.
• Ownership concentration above one-third reduces public float and may increase liquidity risk for other shareholders.

Insights

Equity Analyst

TL;DR Prescott still controls ~35 % of WRLD, trimming only 0.6 % of its stake; influence and potential activism remain intact.

Prescott’s 34.7 % holding—unchanged in substance since the February 2025 amendment—reinforces a stable, long-term shareholder base. The in-kind transfer of 32,649 shares (≈0.6 % of shares outstanding) is operational housekeeping tied to a partner withdrawal, not an indicator of divestiture. With Scott Vassalluzzo on the board and language allowing for strategic discussions, the group retains leverage to push for value-enhancing initiatives such as capital allocation shifts or balance-sheet optimisation. That said, there are no concrete proposals, leaving the situation fundamentally neutral for now.

Corporate Governance Specialist

TL;DR Concentrated ownership heightens influence but raises liquidity and governance balance concerns.

Over one-third of WRLD’s equity resides with a single coordinated group. Such concentration can accelerate decision-making and align incentives when the investor is engaged, yet it also reduces float, potentially amplifying volatility and limiting new investor participation. The filing’s boilerplate intent language keeps optionality open for activism without triggering regulatory constraints. Investors should monitor future amendments or 13D correspondence for any shift from passive to active proposals, particularly regarding board composition or strategic alternatives.

FAQ

How many WRLD shares does Prescott General Partners currently own?

Prescott General Partners LLC is deemed to beneficially own 1,842,134 shares, representing 34.7 % of shares outstanding.

What recent transactions were disclosed in the Schedule 13D/A for WRLD?

On 2-Jul-2025, Prescott Associates distributed 32,649 shares in-kind to a limited partner at US$165.12 per share.

What percentage of WRLD does the entire Prescott group control?

Collectively, the managed accounts hold 1,989,162 shares, about 37.5 % of WRLD’s outstanding stock.

Does the filing indicate any immediate plans to change WRLD’s strategy or structure?

No. The group states it has no present plans for actions listed in Item 4(a)-(j), but may explore value-maximising options.

Who from the Prescott group sits on World Acceptance’s board?

Scott J. Vassalluzzo, a reporting person, currently serves as a director of WRLD.

When is the event date that triggered this Schedule 13D/A filing?

The event date requiring filing is 2 July 2025.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 07/07/2025 - 06:14 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 10)

World Acceptance Corporation

(Name of Issuer)

Common Stock, no par value

(Title of Class of Securities)

981419104

(CUSIP Number)

Thomas W. Smith
2200 Butts Road, Suite 320,
Boca Raton, FL, 33431
(561) 314 0800

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

07/02/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 981419104

1

Name of reporting person

Prescott General Partners LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,842,134.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,842,134.00

11

Aggregate amount beneficially owned by each reporting person

1,842,134.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

34.7 %

14

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13D

CUSIP No. 981419104

1

Name of reporting person

Prescott Associates L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,212,367.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,212,367.00

11

Aggregate amount beneficially owned by each reporting person

1,212,367.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

22.8 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 981419104

1

Name of reporting person

Idoya Partners L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 576,394.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 576,394.00

11

Aggregate amount beneficially owned by each reporting person

576,394.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

10.8 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 981419104

1

Name of reporting person

Prescott Investors Profit Sharing Trust

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 67,640.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 67,640.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

67,640.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

1.3 %

14

Type of Reporting Person (See Instructions)

EP

SCHEDULE 13D

CUSIP No. 981419104

1

Name of reporting person

Thomas W. Smith

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF, OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 493,000.00
8	Shared Voting Power 67,600.00
9	Sole Dispositive Power 493,000.00
10	Shared Dispositive Power 67,600.00

11

Aggregate amount beneficially owned by each reporting person

560,600.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

10.6 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP No. 981419104

1

Name of reporting person

Scott J. Vassalluzzo

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF, OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 31,788.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 31,788.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

31,788.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.6 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, no par value
(b)	Name of Issuer: World Acceptance Corporation
(c)	Address of Issuer's Principal Executive Offices: 104 S Main Street, Greenville, SOUTH CAROLINA , 29601.
Item 1 Comment: The following constitutes Amendment No. 10 (the "Amendment") to the joint filing on Schedule 13D by Thomas W. Smith, Scott J. Vassalluzzo, Steven M. Fischer and Prescott Associates L.P. ("Prescott Associates") originally filed with the Securities and Exchange Commission (the "SEC") on June 30, 2011, as amended by Amendment No. 1 filed with the SEC on January 5, 2012 by Prescott General Partners LLC ("PGP"), Prescott Associates, Thomas W. Smith and Scott J. Vassalluzzo, Amendment No. 2 filed with the SEC on December 14, 2012 by PGP, Prescott Associates, Idoya Partners L.P. ("Idoya Partners"), Thomas W. Smith and Scott J. Vassalluzzo, Amendment No. 3 filed with the SEC on December 20, 2012 by PGP, Prescott Associates, Thomas W. Smith and Scott J. Vassalluzzo, Amendment No. 4 filed with the SEC on May 10, 2013 by PGP, Prescott Associates, Thomas W. Smith and Scott J. Vassalluzzo, Amendment No. 5 filed with the SEC on November 5, 2014 by PGP, Prescott Associates, Thomas W. Smith and Scott J. Vassalluzzo, Amendment No. 6 filed with the SEC on July 30, 2015 by PGP, Prescott Associates, Idoya Partners, Thomas W. Smith and Scott J. Vassalluzzo, Amendment No. 7 filed with the SEC on July 31, 2015 by PGP, Prescott Associates, Idoya Partners, Thomas W. Smith and Scott J. Vassalluzzo, Amendment No. 8 filed with the SEC on February 12, 2020 by PGP, Prescott Associates, Idoya Partners, Prescott Investors Profit Sharing Trust ("PIPS"), Thomas W. Smith and Scott J. Vassalluzzo, and Amendment No. 9 filed with the SEC on February 20, 2025 by PGP, Prescott Associates, Idoya Partners, PIPS, Thomas W. Smith and Scott J. Vassalluzzo (as amended, the "Schedule 13D"). Unless otherwise indicated, all capitalized terms used herein shall have the meanings given to them in the Schedule 13D, and unless amended or supplemented hereby, all information previously filed remains in effect.
Item 4.	Purpose of Transaction
	Item 4 of the Schedule 13D is hereby amended and restated in its entirety as follows: "As described more fully in Item 5 below, as general partner of the Partnerships, PGP may be deemed to beneficially own 1,842,134 shares of Common Stock held by the Partnerships. PIPS may be deemed to beneficially own 67,640 shares of Common Stock held on behalf of the employee profit-sharing plan participants. Messrs. Smith and Vassalluzzo may be deemed to beneficially own 77,600 and 1,788 shares of Common Stock, respectively, in their capacities as investment managers for several managed accounts, which consist of investment accounts for: (i) a private charitable foundation established by Mr. Smith and for which Mr. Smith acts as trustee, and (ii) certain family members of Mr. Vassalluzzo and certain individual accounts managed by Mr. Smith. The Partnerships, PIPS and the managed accounts are referred to collectively herein as the "Managed Accounts". The 1,989,162 shares of Common Stock owned by the Managed Accounts (the "Managed Account Shares") were acquired by the Reporting Persons on behalf of the Managed Accounts for the purpose of achieving the investment goals of the Managed Accounts. Mr. Vassalluzzo currently serves as a director of the Issuer and beneficially owns 30,000 shares of Common Stock for his own account. In addition, Mr. Smith may be deemed to beneficially own 483,000 shares held by Ridgeview Smith Investments LLC, a limited liability company established by Mr. Smith, the sole member of which is a revocable trust established by Mr. Smith for the benefit of his family (the "Ridgeview Shares"). Mr. Smith acquired the Ridgeview Shares for investment purposes. Depending upon market conditions, the availability of funds, an evaluation of alternative investments, and such other factors as may be considered relevant, each of the Reporting Persons may purchase or sell shares of Common Stock if deemed appropriate and opportunities to do so are available, in each case, on such terms and at such times as such Reporting Person considers desirable. The Reporting Persons may talk or hold discussions with various parties, including, but not limited to, the Issuer's management, its board of directors, and other shareholders and third parties, for the purpose of developing and implementing strategies to maximize shareholder value, including strategies that may, in the future, result in the occurrence of one or more of the actions or events enumerated in clauses (a) through (j) of Item 4 of Schedule 13D. Subject to the foregoing, none of the Reporting Persons has any present plan or proposal which relates to or would result in any of the actions or events enumerated in clauses (a) through (j) of Item 4 of Schedule 13D. In addition, each Reporting Person disclaims any obligation to report any plan or proposal known to such Reporting Person solely as a result of Mr. Vassalluzzo's position as a director of the Issuer and his participation in such capacity in decisions involving an action or event described in clauses (a) through (j) in Item 4 of Schedule 13D.
Item 5.	Interest in Securities of the Issuer
(a)	Based on information included in the Form 10-K filed by the Issuer on May 22, 2025, which disclosed that 5,307,307 shares of Common Stock were outstanding as of May 19, 2025, the aggregate number and percentage of shares of Common Stock beneficially owned by each of the Reporting Persons is as follows: PGP - 1,842,134 shares (34.7%); Prescott Associates - 1,212,367 shares (22.8%); Idoya Partners - 576,394 shares (10.8%); PIPS - 67,640 shares (1.3%); Mr. Smith - 560,600 shares (10.6%); and Mr. Vassalluzzo - 31,788 shares (0.6%).
(b)	PGP, as the general partner of the Partnerships, may be deemed to share the power to vote or to direct the vote and to dispose or to direct the disposition of 1,842,134 shares. Prescott Associates has the shared power to vote or to direct the vote and to dispose or to direct the disposition of 1,212,367 shares. Idoya Partners has the shared power to vote or to direct the vote and to dispose or to direct the disposition of 576,394 shares. PIPS has the sole power to vote or to direct the vote of and to dispose or to direct the disposition of 67,640 shares. Messrs. Smith and Vassalluzzo have the sole power to vote or to direct the vote of and to dispose or to direct the disposition of 493,000 and 31,788 shares, respectively. In their capacities as investment managers for managed accounts, Messrs. Smith and Vassalluzzo may be deemed to share the power to vote or to direct the vote of 67,600 and no shares, respectively, and to share the power to dispose or to direct the disposition of 67,600 and no shares, respectively. Voting and investment authority over investment accounts established for the benefit of certain family members and friends of Messrs. Smith and Vassalluzzo is subject to each beneficiary's right, if so provided, to terminate or otherwise direct the disposition of the investment account.
(c)	On July 2, 2025, Prescott Associates distributed 32,649 shares of Common Stock in kind to a limited partner in partial satisfaction of a withdrawal request from the limited partner. For purposes of the distribution, the shares were valued at the June 30th closing price of $165.12 per share. During the past 60 days, none of the other Reporting Persons effected any transactions involving shares of Common Stock.
Item 7.	Material to be Filed as Exhibits.
	Agreement relating to the joint filing of statement on Schedule 13D dated July 7, 2025.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Prescott General Partners LLC

Signature:	/s/ Scott J. Vassalluzzo
Name/Title:	Managing Member
Date:	07/07/2025

Prescott Associates L.P.

Signature:	Prescott General Partners LLC
Name/Title:	General Partner
Date:	07/07/2025

Signature:	/s/ Scott J. Vassalluzzo
Name/Title:	Managing Member
Date:	07/07/2025

Idoya Partners L.P.

Signature:	Prescott General Partners LLC
Name/Title:	General Partner
Date:	07/07/2025

Signature:	/s/ Scott J. Vassalluzzo
Name/Title:	Managing Member
Date:	07/07/2025

Prescott Investors Profit Sharing Trust

Signature:	/s/ Scott J. Vassalluzzo
Name/Title:	Trustee
Date:	07/07/2025

Thomas W. Smith

Signature:	/s/ Thomas W. Smith
Name/Title:	Thomas W. Smith
Date:	07/07/2025

Scott J. Vassalluzzo

Signature:	/s/ Scott J. Vassalluzzo
Name/Title:	Scott J. Vassalluzzo
Date:	07/07/2025