Material Agreement · Company Update

UNITED STATES 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)  November 9, 2023 Commission File Number:   000-19599 WORLD ACCEPTANCE CORP ORATION (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) 104 S Main Street Greenville, South Carolina 29601 (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 1.01. Entry into a Material Definitive Agreement. Eleventh Amendment to Amended and Restated Revolving Credit Facility On November 9 th , 2023, World Acceptance Corporation (the “Company”) entered into the Eleventh Amendment to its Amended and Restated Revolving Credit Agreement (the “Eleventh Amendment”), among the Company, the lenders named therein, and Wells Fargo Bank, National Association, as Administrative Agent and Collateral Agent. The Eleventh Amendment amends the Company’s Amended and Restated Revolving Credit Agreement to a) permit the Company to repurchase up to $20 million of Company securities in its fiscal quarter ending December 31, 2023 and, b) exclude the applicable ratio of Net Income Available for Fixed Charges to Fixed Charges for the fiscal quarter ending September 30, 2023. The foregoing description of the Eleventh Amendment is only a summary and is qualified in its entirety by reference to the full text of the Eleventh Amendment and the Amended and Restated Revolving Credit Agreement, which is filed as Exhibit 10.1 and 10.2 to this Current Report on Form 8-K and incorporated herein by reference. Item 8.01. Other Events On November 9, 2023, the Board of Directors of World Acceptance Corporation (the “Company”) approved a share repurchase program authorizing the Company to repurchase up to $20.0 million of its outstanding common stock inclusive of any amount that remains available for repurchase under prior repurchase authorizations. The timing and actual number of shares repurchased will depend on a variety of factors, including the stock price, corporate and regulatory requirements, available funds, alternative uses of capital, restrictions under the Revolving Credit Agreement, and other market and economic conditions. The Company’s stock repurchase program may be suspended or discontinued at any time. Item 9.01. Financial Statements and Exhibits. Exhibit Number Exhibit Description 10.1 Eleventh Amendment to Amended and Restated Revolving Credit Facility dated November 9, 2023 10.2 Exhibit A - Amended and Restated Revolving Credit Agreement 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:  November 9, 2023 2