0000108385-15-000039.txt : 20150602 0000108385-15-000039.hdr.sgml : 20150602 20150602140736 ACCESSION NUMBER: 0000108385-15-000039 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20150602 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150602 DATE AS OF CHANGE: 20150602 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WORLD ACCEPTANCE CORP CENTRAL INDEX KEY: 0000108385 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 570425114 STATE OF INCORPORATION: SC FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19599 FILM NUMBER: 15906360 BUSINESS ADDRESS: STREET 1: 108 FREDRICK STREET CITY: GREENVILLE STATE: SC ZIP: 29607 BUSINESS PHONE: 8642989800 MAIL ADDRESS: STREET 1: P O BOX 6429 CITY: GREENVILLE STATE: SC ZIP: 29606 FORMER COMPANY: FORMER CONFORMED NAME: WORLD FINANCE CORP DATE OF NAME CHANGE: 19700210 8-K 1 wrld_622015x8-k.htm WORLD ACCEPTANCE CORPORATION 8-K WRLD_6.2.2015_8-K


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC  20549

FORM 8-K

CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported)      June 2, 2015
 
World Acceptance Corporation
(Exact Name of Registrant as Specified in its Charter)
 
South Carolina
 
0-19599
 
57-0425114
(State or Other Jurisdiction of Incorporation)
 
(Commission File Number)
 
(I.R.S. Employer Identification No.)

108 Frederick Street
        Greenville, South Carolina  29607
(Address of Principal Executive Offices)
(Zip Code)

(864) 298-9801
(Registrant’s Telephone Number, Including Area Code)

Not Applicable
(Former name or address, if changed from last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))






Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 2, 2015, World Acceptance Corporation (the “Company”) announced that Mr. A. Alexander (Sandy) McLean, the Company’s Chairman and Chief Executive Officer, will be retiring from his positions as Chief Executive Officer and a Director of the Company effective September 30, 2015.

The Company also announced that the Board of Directors intends to appoint Ms. Janet Lewis Matricciani, the Company’s current Chief Operating Officer, to succeed Mr. McLean as Chief Executive Officer effective upon his retirement and also intends to appoint Ms. Matricciani to fill a current vacancy on the Board. Ms. Matricciani, age 47, has served as the Company’s Chief Operating Officer since January 2014 and has over 26 years of business experience, primarily in the financial services arena. Before joining the Company, she was the Chief Executive Officer of Antenna International, a leading creator of handheld audio, multimedia and virtual tours for museums, cultural and historic sites and tourist attractions, from 2010 through 2013. She also worked as Senior Vice President of Corporate Development for K12 Inc., a technology-based education company, from 2008 through 2010.

The Company further announced that Mr. Ken R. Bramlett, Jr., the Company’s current Lead Independent Director who has served on the Board since 1993, will assume the role of Chairman of the Board effective upon Mr. McLean’s retirement.

The Company issued a press release dated June 2, 2015 announcing the pending changes described above. A copy of the press release is furnished as Exhibit 99.1.



Item 9.01
Financial Statements and Exhibits.
(d)
Exhibits
 
 
 
Exhibit 99.1
Press release of World Acceptance Corporation dated June 2, 2015




2





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.
Date: June, 2015
 
 
 
 
 
 
 
 
 
World Acceptance Corporation
 
 
 
 
 
 
By:
/s/ John Calmes
 
 
 
John Calmes
 
 
 
Chief Financial Officer
 




3





EXHIBIT INDEX

Exhibit
Number

Exhibit                                                                                                                                                   

 
 

99.1

Press release of World Acceptance Corporation dated June 2, 2015
 
 




4

EX-99.1 2 wrld_622015xexibit.htm EXHIBIT 99.1 WRLD_6.2.2015_Exibit



NEWS RELEASE
P. O. Box 6429 - Greenville, South Carolina - 29606 - (864) 298-9800

For Immediate Release


Contact:    John Calmes
Chief Financial Officer
(864) 298-9800

WORLD ACCEPTANCE CORPORATION ANNOUNCES UPCOMING RETIREMENT OF CHAIRMAN AND CEO SANDY MCLEAN



GREENVILLE, S.C. (June , 2015) - World Acceptance Corporation (NASDAQ: WRLD) (the “Company”) today announced that A. Alexander (Sandy) McLean, III will retire as CEO and as a director of the Company effective September 30, 2015 after 26 years of service. Pursuant to the Company’s succession planning, the Board of Directors intends to appoint Ms. Janet Lewis Matricciani, the Company’s current Chief Operating Officer, to succeed Mr. McLean as CEO effective upon his retirement. In the meantime, Ms. Matricciani will be named to the Board of Directors to fill a current vacancy. Ms. Matricciani has served as Chief Operating Officer since January 2014. Mr. Ken R. Bramlett, Jr., the Company’s current Lead Independent Director who has served on the Board since 1993, will assume the role of Chairman of the Board effective upon Mr. McLean’s retirement.

Mr. McLean, who has been the Company’s CEO since 2006 and served in numerous capacities prior to that time, has overseen the transformation of the Company during his many years at the helm.

“I want to sincerely thank Sandy for his extraordinary service and contributions to our Company during his long and distinguished career with World,” said Mr. Bramlett. “Sandy’s leadership and dedication have been instrumental to our growth and success over these many years. We will certainly miss Sandy and wish him all the best in the next phase of his life. And though Sandy is a tough act to follow, we are confident in Janet’s abilities to transition into the CEO role and lead the Company going forward.”

“I have been extremely privileged to be a part of the World Acceptance team for these many years and to have worked with so many talented and dedicated colleagues in order to grow our Company and position it for future success,” said Mr. McLean. “I feel that this is the appropriate time to move forward with our succession plan, and I look forward to supporting Janet and the Company in a smooth transition and thereafter enjoying my retirement and other interests.”

About World Acceptance Corporation

World Acceptance Corporation is one of the largest small-loan consumer finance companies, operating 1,320 offices in 15 states and Mexico. It is also the parent company of ParaData Financial Systems, a provider of computer software solutions for the consumer finance industry.





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