UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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) August 22, 2019
Commission File Number: 000-19599
WORLD ACCEPTANCE CORPORATION
(Exact name of registrant as specified in its charter.)
| South Carolina | 57-0425114 | |
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification Number) | |
| 108 Frederick Street | ||
| Greenville, | South Carolina | 29607 |
| (Address of principal executive offices) | ||
| (Zip Code) | ||
| (864) | 298-9800 |
| (registrant's telephone number, including area code) | |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered |
| Common Stock, no par value | WRLD | The NASDAQ Stock Market LLC |
| (NASDAQ Global Select Market) | ||
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):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
| 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 5.07 | Submission of Matters to a Vote of Security Holders. |
World Acceptance Corporation (the "Company") held its Annual Meeting of Shareholders (the "Annual Meeting") on August 22, 2019. Of the 9,190,617 shares outstanding and entitled to vote, 7,737,895 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 of Schedule 14A filed with the Securities and Exchange Commission on July 12, 2019 (the "Proxy Statement"). The final results of voting for each matter submitted to a vote of shareholders at the Annual Meeting are as follows:
Proposal 1 — Election of Directors
Elected the following five individuals to serve as members of the Company's Board of Directors for a term of one year expiring at the Annual Meeting of Shareholders in 2020, or until their respective successors have been duly elected and qualified:
| Votes Cast For | Votes Withheld | Broker Non-Votes | |||||||
| Ken R. Bramlett, Jr. | 6,524,010 | 402,178 | 811,707 | ||||||
| R. Chad Prashad | 6,805,576 | 120,612 | 811,707 | ||||||
| Scott J. Vassalluzzo | 6,220,645 | 705,543 | 811,707 | ||||||
| Charles D. Way | 6,607,274 | 318,914 | 811,707 | ||||||
| Darrell E. Whitaker | 6,770,528 | 155,660 | 811,707 | ||||||
Proposal 2 — Advisory Vote on Executive Compensation
Approved, on an advisory basis, the executive compensation paid to the Company's named executive officers as disclosed in the Proxy Statement:
| For | Against | Abstain | Broker Non-Votes | |||
| 5,384,664 | 1,522,417 | 19,107 | 811,707 | |||
Proposal 3 — Ratification of Appointment of Independent Registered Public Accounting Firm
Ratified the appointment of RSM US LLP as The Company's independent registered public accounting firm for the year ending March 31, 2020:
| For | Against | Abstain | Broker Non-Votes | |||
| 7,732,625 | 5,265 | 5 | — | |||
1
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/ John L. Calmes, Jr. | |||
| John L. Calmes, Jr. | |||
| Executive Vice President and Chief Financial and Strategy Officer | |||
| Date: | August 27, 2019 | ||
2