World Acceptance Corp. Announces Director Changes and Compensation Updates

TL;DR

WRLD board shakeup and comp changes filed. Vote coming up.

AI Summary

World Acceptance Corp. announced on August 20, 2025, a series of significant corporate actions. These include the departure of a director, the election of a new director, and adjustments to executive compensation arrangements. Additionally, the company is submitting matters to a vote of its security holders and filing financial statements and exhibits.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Director departures, new elections, and executive compensation changes can indicate internal shifts that may carry some level of uncertainty for the company's future direction.

Key Players & Entities

• WORLD ACCEPTANCE CORP (company) — Registrant
• August 20, 2025 (date) — Date of earliest event reported
• South Carolina (location) — State of incorporation
• Greenville, South Carolina (location) — Principal executive offices address

FAQ

Filing Documents

• wrld-20250820.htm (8-K) — 57KB
• worldacceptancecorporation.htm (EX-10.1) — 156KB
• 0000108385-25-000081.txt ( ) — 360KB
• wrld-20250820.xsd (EX-101.SCH) — 2KB
• wrld-20250820_lab.xml (EX-101.LAB) — 21KB
• wrld-20250820_pre.xml (EX-101.PRE) — 12KB
• wrld-20250820_htm.xml (XML) — 3KB

02(e)

Item 5.02(e) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 20, 2025, at its Annual Meeting of Shareholders of World Acceptance Corporation (the "Company") the Company's shareholders approved the 2025 Stock Incentive Plan (the "2025 Plan"). The 2025 Plan permits the grant of stock options, stock appreciation rights, restricted stock and restricted stock unit awards. The effective date of the 2025 Plan was August 20, 2025 and awards may be granted under the 2025 Plan until August 19, 2035. The 2025 Plan is administered by the Compensation and Stock Option Committee (the "Committee") of the Board of Directors. Employees and non-employee directors of the Company or a related entity are eligible to participate if selected by the Committee. The number of shares of common stock that may be issued under the 2025 Plan may not exceed 400,000 shares, subject to any adjustments as provided in the 2025 Plan. The foregoing summary description of the 2025 Plan does not purport to be complete and is qualified in its entirety by reference to the complete text of the 2025 Plan, which has been filed as Exhibit 10.1 to this Current Report on Form 8-K. For additional information regarding the 2025 Plan, please refer to "Proposal 3 – "Approval of the World Acceptance Corporation 2025 Stock Incentive Plan" in the Company's Proxy Statement filed with the Securities and Exchange Commission on July 23, 2025.

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders. The Company held its Annual Meeting of Shareholders on August 20, 2025. Of the 5,446,636 shares outstanding and entitled to vote, 4,937,225 shares were represented at the Annual Meeting, which constituted a quorum. At the Annual Meeting, the Company's shareholders voted on the matters disclosed in the Company's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on July 23, 2025 (the "Proxy Statement"). The final voting results for each matter submitted to a vote of shareholders at the Annual Meeting are as follows: Proposal 1 — Election of Directors Elected the following seven individuals to serve as members of the Company's Board of Directors until the next Annual Meeting of Shareholders and until their respective successors have been duly elected and qualified, or until their earlier death, resignation or removal : Votes Cast For Votes Withheld Broker Non-Votes Ken R. Bramlett, Jr. 4,313,432 273,811 349,982 R. Chad Prashad 4,558,680 28,563 349,982 Scott J. Vassalluzzo 4,195,799 391,444 349,982 Charles D. Way 4,394,720 192,523 349,982 Darrell E. Whitaker 4,336,074 251,169 349,982 Elizabeth R. Neuhoff 4,577,463 9,780 349,982 Benjamin E. Robinson III 4,578,980 8,263 349,982 Proposal 2 — Advisory Vote on Executive Compensation 1 Approved, on an advisory (non-biding) basis, the executive compensation of the Company's named executive officers, as described in the Proxy Statement: For Against Abstain Broker Non-Votes 4,459,675 114,634 12,932 349,984 Proposal 3 — Approval of the World Acceptance Corporation 2025 Stock Incentive Plan Approved the World Acceptance Corporation 2025 Stock Incentive Plan: For Against Abstain Broker Non-Votes 3,694,122 827,657 24,706 390,740 Proposal 4 — Ratification of Appointment of Independent Registered Public Accounting Firm Ratified the appointment of RSM US LLP as the Company's independent registered

Financial Statements and Exhibits

Financial Statements and Exhibits. Exhibit Number Exhibit Description 10.1 W o rld Acceptance Corporation 2025 Stock Incentive Plan 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2

SIGNATURES

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 By: /s/ R. Chad Prashad R. Chad Prashad President and Chief Executive Officer Date: August 22, 2025 3

View Full Filing

View this 8-K filing on SEC EDGAR