WORLD ACCEPTANCE CORP
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 6, 2025
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Item 1A. Risk Factors
There have been no material changes to the risk factors disclosed in Part I, Item 1A of the Company's fiscal 2025 Annual Report.
The Company's credit agreements contain certain limits on share repurchases. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources."
On April 30, 2025, the Board of Directors of 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. As of June 30, 2025 the Company had $7.0 million in aggregate remaining repurchase capacity under its current share repurchase program. On July 22, 2025, the Company’s Board of Directors approved a share repurchase program authorizing the Company to repurchase up to $100.0 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.
The repurchase authorization does not have a stated expiration date. The following table details purchases of the Company's common stock, if any, made by the Company during the three months ended June 30, 2025:
| (a)Total number ofshares purchased | (b)Average price paidper share | (c)Total number of shares purchasedas part of publicly announcedplans or programs | (d)Approximate dollar value of sharesthat may yet be purchasedunder the plans or programs | |
|---|---|---|---|---|
| April 1 through April 30, 2025 | — | $— | — | $20,000,000 |
| May 1 through May 31, 2025 | 67,054 | 146.32 | — | 10,188,892 |
| June 1 through June 30, 2025 | 20,555 | 153.65 | — | 7,030,717 |
| Total for the quarter | 87,609 | $148.04 | — |
None.
Not applicable.
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