secwatch.observer — SEC 8-K summary
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Issuer:     WORLD ACCEPTANCE CORP (WRLD)
CIK:        0000108385
Form:       8-K
Filed at:   2026-02-17T23:59:59+00:00
Accession:  0001437749-26-004381
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

World Acceptance promotes J. Tobin Turner to EVP and COO; base salary $450K, equity grants awarded
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- Turner appointed EVP and COO effective Feb 13, 2026; previously SVP of Marketing and Analytics since 2023.
- Base salary of $450,000; eligible for stock incentive plan and other benefits.
- Granted 6,000 time-based restricted shares (3-year quarterly vest) and 2,500 performance-based restricted shares tied to EPS target through March 2027.
- Employment agreement includes $450K severance (24-month payout), accelerated vesting on change of control, and COBRA premium payment.
- Non-compete, non-solicit, confidentiality, and non-disparagement obligations apply during and 2 years post-employment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108385/000143774926004381/0001437749-26-004381-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108385/000143774926004381/wrld20260217_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-004381

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer