secwatch.observer — SEC 8-K summary
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Issuer:     WORLD ACCEPTANCE CORP (WRLD)
CIK:        0000108385
Form:       8-K
Filed at:   2024-12-20T23:59:59+00:00
Accession:  0000108385-24-000064
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

World Acceptance cancels 10,000 CEO performance shares tied to $20.45 EPS target; grants service-based restricted stock
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- CEO R. Chad Prashad forfeited 10,000 Performance Shares after $20.45 EPS target deemed no longer probable.
- Company previously reversed $18.5M in stock-based compensation related to those shares in Q2 fiscal 2025 (disclosed in 10-Q).
- Committee granted service-based restricted stock: Prashad 11,644 shares; Calmes, Dyer 6,718; Umstetter 4,478; others 2,687 each.
- Service-based shares vest on December 18, 2025, contingent on continued service.
- Two EPS targets remain: $16.35 (40% vesting) and $20.45 (60%); only $16.35 now probable.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108385/000010838524000064/0000108385-24-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108385/000010838524000064/wrld-20241218.htm
  HTML page:      https://secwatch.observer/filing/0000108385-24-000064

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