WORLD ACCEPTANCE CORP
For the period ended Mar 31, 2026. Filed Jul 22, 2026.
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Mar 31, 2026 · Filed Jul 22, 2026
Contents
RECENT DEVELOPMENTS
Since the end of fiscal year 2026, the Company has experienced several changes in its senior leadership team and Board composition, as described below. Additional information regarding the compensation and benefits associated with these transitions is described under "Executive Compensation - Employment Agreements."
Retirement of Mr. Dyer. On December 4, 2025, the Company announced the planned retirement of D. Clinton Dyer, Executive Vice President and Chief Branch Operations Officer, effective March 31, 2026, concluding a 30-year career with the Company. Mr. Dyer's operational responsibilities transferred to Mr. Turner.
Appointment of Mr. Turner as Executive Vice President and Chief Operating Officer. Effective February 13, 2026, J. Tobin Turner, previously the Company's Senior Vice President of Marketing and Analytics, was appointed Executive Vice President and Chief Operating Officer of the Company.
Resignation of Mr. Prashad. On April 10, 2026, R. Chad Prashad resigned as President and Chief Executive Officer and as a member of the Board of Directors, effective immediately. Mr. Prashad's resignation was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Following Mr. Prashad's departure, the Board reduced the size of the Board from seven to six directors, as permitted by the Company's Bylaws.
Ms. Matricciani's service as Interim President and Chief Executive Officer. The Board appointed Janet L. Matricciani - who previously served as the Company's President and Chief Executive Officer from 2015 to 2018 - as Interim President and Chief Executive Officer, effective April 13, 2026. On June 3, 2026, the Company and Ms. Matricciani agreed that her service as Interim President and Chief Executive Officer would end, effective that date.
Designation of Mr. Turner as Principal Executive Officer. Effective June 3, 2026, the Board designated Mr. Turner, who continues to serve as Executive Vice President and Chief Operating Officer, as the Company's Principal Executive Officer for SEC reporting purposes. The Board is continuing its search for a permanent President and Chief Executive Officer.
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