leadership
confidence high
sentiment negative
materiality 0.75
World Acceptance CEO Chad Prashad resigns; Janet Matricciani named Interim CEO
WORLD ACCEPTANCE CORP
- R. Chad Prashad resigned as President, CEO and Board member effective April 10, 2026; treated as termination without cause.
- Janet Matricciani, former CEO (2015-2018), appointed Interim President and CEO effective April 13, 2026.
- Matricciani receives $83,333/month salary, $350k signing bonus, and 7,095 stock grant vesting over 12 months.
- Board reduced size from 7 to 6 directors upon Prashad's departure.
- Company initiated search for permanent CEO; Matricciani to serve during transition.