World Acceptance Corp DEF 14A: Executive Comp & Financials

TL;DR

WRLD DEF 14A out - exec comp details for FY24. Check equity awards.

AI Summary

World Acceptance Corp filed a DEF 14A on July 22, 2024, detailing executive compensation and financial performance for the fiscal year ending March 31, 2024. The filing includes information on equity awards granted, changes in their fair value, and vesting dates for the fiscal years 2023 and 2022. Specific dollar amounts and dates related to these awards are provided within the document.

Why It Matters

This filing provides insight into how World Acceptance Corp compensates its executives, which can influence company strategy and shareholder value.

Risk Assessment

Risk Level: medium — DEF 14A filings are routine disclosures about executive compensation and corporate governance, but can sometimes reveal information impacting stock valuation.

Key Players & Entities

• World Acceptance Corp (company) — Filer of the DEF 14A
• 20240722 (date) — Filing date
• 20240331 (date) — Fiscal year end
• 2023-04-01 (date) — Start of fiscal year 2023
• 2024-03-31 (date) — End of fiscal year 2023
• 2022-04-01 (date) — Start of fiscal year 2022
• 2023-03-31 (date) — End of fiscal year 2022

FAQ

Filing Documents

• wrld-20240722.htm (DEF 14A) — 817KB
• wrld-20240722_g1.jpg (GRAPHIC) — 718KB
• wrld-20240722_g2.jpg (GRAPHIC) — 4KB
• wrld-20240722_g3.jpg (GRAPHIC) — 4KB
• wrld-20240722_g4.jpg (GRAPHIC) — 131KB
• wrld-20240722_g5.jpg (GRAPHIC) — 119KB
• wrld-20240722_g6.jpg (GRAPHIC) — 107KB
• 0000108385-24-000032.txt ( ) — 4035KB
• wrld-20240722.xsd (EX-101.SCH) — 1KB
• wrld-20240722_htm.xml (XML) — 145KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 18 EQUITY COMPENSATION PLAN INFORMATION 20 COMPENSATION DISCUSSION AND ANALYSIS 20

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 28 CEO PAY RATIO 38 PAY VERSUS PERFORMANCE 40 DIRECTOR COMPENSATION 44 PROPOSAL 2 - APPROVAL, ON AN ADVISORY BASIS, OF THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS 45 PROPOSAL 3 - RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 47 REPORT OF THE AUDIT AND COMPLIANCE COMMITTEE 49 SUBMISSION OF FUTURE SHAREHOLDER PROPOSALS AND NOMINATIONS FOR THE 2025 ANNUAL MEETING OF SHAREHOLDERS 50 OTHER MATTERS 50 WORLD ACCEPTANCE CORPORATION 104 S. Main Street, Suite 400 Greenville, South Carolina 29601 PROXY STATEMENT This proxy statement (this "Proxy Statement") is being furnished to you in connection with the solicitation of proxies by the Board of Directors (the "Board") of World Acceptance Corporation (the "Company") to be used at our 2024 Annual Meeting of Shareholders and any adjournments or postponements thereof (the "Annual Meeting"). Our Annual Meeting will be held at 250 Knightsridge Road, Travelers Rest, South Carolina 29690, at 8:45 a.m., local time, on August 21, 2024. This Proxy Statement and the accompanying form of proxy card are first being mailed or made available to shareholders on or about July 22, 2024. Appointment of Proxy Holders The Board asks you to appoint R. Chad Prashad and Luke J. Umstetter as your proxy holders to vote your shares at the Annual Meeting. You make this appointment by voting the enclosed proxy card using one of the voting methods described below. If appointed by you, the proxy holders will vote your shares as you direct on the matters described in this Proxy Statement. In the absence of your direction, they will vote your shares as recommended by the Board. Unless you indicate otherwise on the proxy card, you also authorize your proxy holders to vote your shares on any matters not known by the Board at the time this Proxy Statement was printed and which, under our Eighth Amended and Restated Bylaws (the "Bylaws"), may be properly presented for a

: Gender

Part I: Gender Female Male Directors 1 6

: Demographic Background

Part II: Demographic Background African American or Black 1 Asian 1 White 1 4 CORPORATE GOVERNANCE Governance Policy We believe that good corporate governance practices are essential to our core values of ethical business, service of shareholders' interests, and good corporate citizenship. The Board adopted our Governance Policy in furtherance of those goals and to promote the effective functioning of the Board and its committees and to ensure a common understanding among individual directors and management concerning the operation of the Board and its committees. Cybersecurity Governance 8 For a discussion of our Cybersecurity Governance, see "Cybersecurity" under Part I Item 1C to our Annual Report on Form 10-K for the year ended March 31, 2024. Code of Business Conduct and Ethics The Company has adopted a written Code of Business Conduct and Ethics (the "Code of Ethics") that applies to all director

View Full Filing

View this DEF 14A filing on SEC EDGAR