(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification Number) |
(Address of principal executive offices) | ||||||||
(Zip Code) |
(registrant's telephone number, including area code) |
Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||
(NASDAQ Global Select Market) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). | |||||||||||
Emerging growth company | |||||||||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ☐ |
Item 1.01. | Entry into a Material Definitive Agreement. |
Item 9.01. | Financial Statements and Exhibits. |
Exhibit Number | Exhibit Description | ||||
10.1 |
WORLD ACCEPTANCE CORPORATION | |||||||||||
By: /s/ John L. Calmes, Jr. | |||||||||||
John L. Calmes, Jr. | |||||||||||
Executive Vice President and Chief Financial and Strategy Officer | |||||||||||
Date: | July 24, 2020 |
Collateral Performance Indicator | Advance Rate | ||||
Less than or equal to 18% | 80% | ||||
Greater than 18% but less than or equal to 19% | 79% | ||||
Greater than 19% but less than or equal to 20% | 78% | ||||
Greater than 20% but less than or equal to 21% | 77% | ||||
Greater than 21% but less than or equal to 22% | 76% | ||||
Greater than 22% but less than or equal to 23% | 75% | ||||
Greater than 23% | 74% |
EBITDA Ratio | Applicable Margin | ||||
Greater than 6.0 to 1.0 | 3.50% | ||||
Greater than 5.50 to 1.0 but less than or equal to 6.0 to 1.0 | 4.00% | ||||
Less than or equal to 5.50 to 1.0 | 4.50% |
World Acceptance Corporation | ||||||||
By | ________________________________ R. Chad Prashad, President and Chief Executive Officer | |||||||
Wells Fargo Bank, National Association, individually as a Lender and as Administrative Agent and Collateral Agent | ||||||||
By | ________________________________ | |||||||
William M. Laird, Senior Vice President | ||||||||
Bank of America, N.A. | |||||||||||
By | |||||||||||
Name | |||||||||||
Title | |||||||||||
BANK OF MONTREAL By _______________________________ Name Title | |||||||||||
Texas Capital Bank, National Association | |||||||||||
By | |||||||||||
Name | |||||||||||
Title | |||||||||||
First Horizon Bank, successor-by-conversion to First Tennessee Bank National Association | |||||||||||
By __________________________________ | |||||||||||
Name Title | |||||||||||
BANKUNITED, N.A. | |||||||||||
By __________________________________ | |||||||||||
Name | |||||||||||
AXOS BANK | |||||||||||
By __________________________________ | |||||||||||
Name Title |
PACIFIC WESTERN BANK | |||||
By __________________________________ | |||||
Name | |||||
Title |
World Acceptance Corporation of Alabama | |||||
World Acceptance Corporation of Missouri | |||||
World Finance Company of Georgia, LLC | |||||
World Finance Corporation of Louisiana | |||||
World Acceptance Corporation of Oklahoma, Inc. WAC of Oklahoma, LP | |||||
World Finance Company of South Carolina, LLC WAC of South Carolina, LLC | |||||
World Finance Corporation of Tennessee | |||||
WFC of South Carolina, Inc. | |||||
World Finance Corporation of Illinois | |||||
World Finance Corporation of New Mexico | |||||
World Finance Company of Kentucky, LLC | |||||
World Finance Corporation of Colorado | |||||
World Finance Corporation of Wisconsin | |||||
WFC Services, Inc. | |||||
World Finance Company of Mississippi, LLCWorld Finance Company of Idaho, LLCWorld Finance Company of Utah, LLC World Finance Company of Indiana, LLC |
By | ||||||||
R. Chad Prashad, President and Chief Executive Officer | ||||||||
WFC Limited Partnership | ||||||||
By WFC of South Carolina, Inc., | ||||||||
as sole general partner | ||||||||
By | ||||||||
R. Chad Prashad, President and Chief Executive Officer | ||||||||
Cover Page Cover Page |
Apr. 30, 2020 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Document Period End Date | Jul. 24, 2020 |
Entity File Number | 000-19599 |
Entity Registrant Name | WORLD ACCEPTANCE CORP |
Entity Incorporation, State or Country Code | SC |
Entity Tax Identification Number | 57-0425114 |
Entity Address, Address Line One | 104 S Main Street |
Entity Address, City or Town | Greenville, |
Entity Address, State or Province | SC |
Entity Address, Postal Zip Code | 29601 |
City Area Code | (864) |
Local Phone Number | 298-9800 |
Title of 12(b) Security | Common Stock, no par value |
Trading Symbol | WRLD |
Security Exchange Name | NASDAQ |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Entity Emerging Growth Company | false |
Amendment Flag | false |
Entity Central Index Key | 0000108385 |
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