WRLD · World Acceptance Corporation

Summary

World Acceptance Corporation appointed J. Tobin Turner as Executive Vice President and Chief Operating Officer effective February 13, 2026, entering into an employment agreement with $450,000 base salary, severance provisions, and grants of 6,000 time-based and 2,500 performance-based restricted stock shares. The disclosure includes details on compensation, vesting schedules, and restrictive covenants.

Key takeaways

• J. Tobin Turner appointed Executive VP and COO effective February 13, 2026
• Base salary $450,000; eligible for Stock Incentive Plan and benefits
• Severance: $450,000 over 24 months if terminated without cause or for good reason
• Time-Based RSA: 6,000 shares vesting quarterly over 3 years
• Performance-Based RSA: 2,500 shares based on trailing EPS June 1, 2025–March 31, 2027
• Employment agreement initial term 3 years to February 16, 2029, auto-renewing