# EDGAR Filing Document

**Accession Number:** 0000108385
**File Stem:** 0000108385-25-000064
**Filing Date:** 2025-6
**Character Count:** 41165
**Document Hash:** a60c90687e98526b9eb51f15d0dc81e0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000108385-25-000064.hdr.sgml**: 20250618

**ACCESSION NUMBER**: 0000108385-25-000064

**CONFORMED SUBMISSION TYPE**: 11-K

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20241231

**FILED AS OF DATE**: 20250618

**DATE AS OF CHANGE**: 20250618

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WORLD ACCEPTANCE CORP
- **CENTRAL INDEX KEY:** 0000108385
- **STANDARD INDUSTRIAL CLASSIFICATION:** PERSONAL CREDIT INSTITUTIONS [6141]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 570425114
- **STATE OF INCORPORATION:** SC
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 11-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-19599
- **FILM NUMBER:** 251056988

**BUSINESS ADDRESS:**
- **STREET 1:** 108 FREDRICK STREET
- **CITY:** GREENVILLE
- **STATE:** SC
- **ZIP:** 29607
- **BUSINESS PHONE:** 8642989800

**MAIL ADDRESS:**
- **STREET 1:** P O BOX 6429
- **CITY:** GREENVILLE
- **STATE:** SC
- **ZIP:** 29606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WORLD FINANCE CORP
- **DATE OF NAME CHANGE:** 19700210

UNITED STATES <br>SECURITIES AND EXCHANGE COMMISSION <br>WASHINGTON, D.C. 20549

_________________________________

Form 11-K

__________________________________

(Mark One)

[**X**] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended: **December 31, 2024**

OR

[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____________ to _____________

Commission file number: **000-19599**

---

| |
|:---|
| **WORLD ACCEPTANCE CORPORATION RETIREMENT SAVINGS PLAN** |
| (Full title of the plan and address of the plan, if different from that of the issuer named below) |

---

---

| |
|:---|
| **WORLD ACCEPTANCE CORPORATION**<br>**104 S. Main Street, Greenville, South Carolina 29601** |
| (Name of issuer of the securities held pursuant to the plan and the address of its principal executive office) |

---

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**WORLD ACCEPTANCE CORPORATION**

**Form 11-K**

**Table of Contents**

---

| | |
|:---|:---|
| | **Page** |
| **GLOSSARY OF DEFINED TERMS** | <u>[2](#ib9a61ce28c44473ba4bb52a1f1d3bc0f_7)</u> |
| **REQUIRED INFORMATION** |  |
| &nbsp;&nbsp;&nbsp;Financial Statements: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>[Statements of Net Assets Available for Benefits as of December 31, 2024 and December 31, 2023](#ib9a61ce28c44473ba4bb52a1f1d3bc0f_13)</u> | <u>[3](#ib9a61ce28c44473ba4bb52a1f1d3bc0f_13)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>[Statement of Changes in Net Assets Available for Benefits for the year ended December 31, 2024](#ib9a61ce28c44473ba4bb52a1f1d3bc0f_16)</u> | <u>[4](#ib9a61ce28c44473ba4bb52a1f1d3bc0f_16)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>[Notes to Financial Statements](#ib9a61ce28c44473ba4bb52a1f1d3bc0f_19)</u> | <u>[5](#ib9a61ce28c44473ba4bb52a1f1d3bc0f_19)</u> |
| &nbsp;&nbsp;Supplemental Schedule: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>[Schedule H, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2024](#ib9a61ce28c44473ba4bb52a1f1d3bc0f_46)</u> | <u>[11](#ib9a61ce28c44473ba4bb52a1f1d3bc0f_46)</u> |
| **REPORTS OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRMS** | <u>[12](#ib9a61ce28c44473ba4bb52a1f1d3bc0f_49)</u> |
| **EXHIBIT INDEX** | <u>[14](#ib9a61ce28c44473ba4bb52a1f1d3bc0f_52)</u> |
| **SIGNATURES** | <u>[15](#ib9a61ce28c44473ba4bb52a1f1d3bc0f_55)</u> |

---

------

**GLOSSARY OF DEFINED TERMS**

The following terms may be used throughout this Report.

---

| | |
|:---|:---|
| **Term** | **Definition** |
| ASC | Accounting Standards Codification |
| CODA | Cash or Deferred Arrangement |
| Employer | World Acceptance Corporation |
| ERISA | Employee Retirement Income Security Act of 1974, as amended |
| Fidelity | Fidelity Management Trust Company |
| FASB | Financial Accounting Standards Board |
| GAAP | U.S. Generally Accepted Accounting Principles |
| NAV | Net Asset Value |
| Plan | World Acceptance Corporation Retirement Savings Plan |
| Plan Sponsor | World Acceptance Corporation |
| SEC | U.S. Securities and Exchange Commission |

---

------

---

| | | |
|:---|:---|:---|
| **WORLD ACCEPTANCE CORPORATION** | **WORLD ACCEPTANCE CORPORATION** | **WORLD ACCEPTANCE CORPORATION** |
| **RETIREMENT SAVINGS PLAN** | **RETIREMENT SAVINGS PLAN** | **RETIREMENT SAVINGS PLAN** |
| **Statements of Net Assets Available for Benefits** | **Statements of Net Assets Available for Benefits** | **Statements of Net Assets Available for Benefits** |
|  | December 31, | December 31, |
|  | **2024** | 2023 |
| Assets: |  |  |
| &nbsp;&nbsp;&nbsp;Investments at fair value | $**70039411** | $67781602 |
| &nbsp;&nbsp;Receivables: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Notes receivable from participants | **3060690** | 2825028 |
| &nbsp;&nbsp;&nbsp;&nbsp;Participants' contributions | **145479** | 143951 |
| &nbsp;&nbsp;&nbsp;&nbsp;Employer's contributions | **51482** | 50593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total receivables | **3257651** | 3019572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | **73297062** | 70801174 |
| Liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Refund payable for excess contributions | **141646** | 127545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | **141646** | 127545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net assets available for benefits | $**73155416** | $70673629 |

---

See accompanying notes to financial statements.

------

---

| | |
|:---|:---|
| **WORLD ACCEPTANCE CORPORATION** | **WORLD ACCEPTANCE CORPORATION** |
| **RETIREMENT SAVINGS PLAN** | **RETIREMENT SAVINGS PLAN** |
| **Statement of Changes in Net Assets Available for Benefits** | **Statement of Changes in Net Assets Available for Benefits** |
|  | Year Ended December 31, |
|  | **2024** |
| Additions to net assets attributable to: |  |
| &nbsp;&nbsp;Investment income: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net appreciation in fair value of investments | $**6167636** |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends and interest | **1521047** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment income | **7688683** |
| &nbsp;&nbsp;&nbsp;Interest income on notes receivable from participants | **200438** |
| &nbsp;&nbsp;&nbsp;Contributions: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Employer, net of forfeitures | **1538327** |
| &nbsp;&nbsp;&nbsp;&nbsp;Participant | **4168918** |
| &nbsp;&nbsp;&nbsp;&nbsp;Rollovers | **153326** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total contributions | **5860571** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total additions | **13749692** |
| Deductions from net assets attributed to: |  |
| &nbsp;&nbsp;&nbsp;Benefits paid to participants | **11104761** |
| &nbsp;&nbsp;&nbsp;Administrative expenses | **163144** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deductions | **11267905** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net increase in net assets available for benefits | **2481787** |
| Net assets available for benefits at beginning of year | **70673629** |
| Net assets available for benefits at end of year | $**73155416** |

---

See accompanying notes to financial statements.

------

---

| |
|:---|
| **WORLD ACCEPTANCE CORPORATION** |
| **RETIREMENT SAVINGS PLAN** |
| **Notes to Financial Statements** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(1)<u>Description of Plan</u>**

The following description of the Plan provides only general information. Participants should refer to the plan agreement for a complete description of the Plan's provisions.

***&nbsp;&nbsp;&nbsp;&nbsp;***

***&nbsp;&nbsp;&nbsp;&nbsp;General***

The Plan was formed in February 1993 and is a defined-contribution plan subject to the provisions of ERISA. Quarterly, employees of the Plan Sponsor who meet eligibility requirements may elect to become participants in the Plan. Eligibility requirements include a) being at least 21 years of age and b) having completed at least six months of service.

Fidelity is the Plan's trustee and custodian of all Plan assets.

The Retirement Plan Committee determines the appropriateness of the Plan's investment offerings, monitors investment performance, and reports to the Employer's board of directors.

***Administrative Costs***

Certain expenses of maintaining the Plan are paid directly by the Employer and are excluded from these financial statements. Administrative expenses include fees related to the administration of notes receivable charged directly to the participant's account and certain recordkeeping and consulting fees paid by the Plan. Investment-related expenses are included in net appreciation (depreciation) of fair value of investments.

***Contributions***

The Plan provides for participant contributions on a pre-tax compensation reduction basis. Participants who have attained age 50 before the end of the plan year are eligible to make catch-up contributions. Participants may also contribute amounts representing distributions from other qualified defined benefit or contribution plans (rollovers). The Plan also allows participants to make contributions on an after-tax basis (Roth-type). Participants may elect to contribute to the Plan by deferring up to 100% of annual compensation up to specified maximum amounts. The Employer matches a specified percentage of employee contributions, as determined by the Employer. For 2024, the Employer matched 50% of each employee's contributions up to the first 6% of the employee's eligible compensation, providing a maximum Employer contribution of 3% of eligible compensation. The Employer may also contribute a discretionary, non-elective Employer contribution as determined annually by the Employer. There were no discretionary, non-elective Employer contributions in Plan year 2024. Contributions are subject to certain Internal Revenue Service limitations.

***Participant Accounts***

Each participant's account is credited with the participant's contribution and the Employer's matching contribution. Discretionary, non-elective Employer contributions are allocated to individual participant accounts based on the proportion of each participant's annual compensation, as defined by the Plan, compared to the total annual compensation of all participants. Investment income (loss) and administrative expenses are allocated to the individual participant accounts based on the proportion of each participant's account balance compared to the total balance within each fund. The benefit to which a participant is entitled is the benefit that can be provided from the participant's vested account.

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***Vesting***

Participants are immediately vested in their voluntary contributions plus earnings (losses) thereon. Vesting of Employer contributions is based on years of continuous service. A participant is 100% vested after six years of credited service, according to the following schedule:

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| | |
|:---|:---|
| Years of service | Percent of Employer Contributions |
| Less than 2 | 0% |
| 2 | 20% |
| 3 | 40% |
| 4 | 60% |
| 5 | 80% |
| 6 or more | 100% |

---

Notwithstanding the aforementioned, upon reaching normal retirement age or upon death or disability, participants become 100% vested.

***Investment Options***

A participant may direct employee contributions in 1% increments in a variety of investment options. Participants may make changes in their investment elections at any time. Participants may change their deferral percentage as of each payroll period.

***Notes Receivable from Participants***

The Plan allows participants to borrow a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their vested account balance. Loan terms range from 1 to 5 years or up to 10 years for the purchase of a primary residence. The loans are secured by the vested balance in the participant's account and bear interest at prime plus 1%. For participant loans outstanding as of December 31, 2024, interest rates ranged from 3.50% to 9.50% and mature through December 2030. Principal and interest are paid through payroll deductions although lump sum prepayments are allowed. The Plan does not allow for participant refinancing or re-consolidation of outstanding loan balances.

***Payment of Benefits***

Participants are entitled to receive a distribution of their vested accounts upon the occurrence of retirement, death, total and permanent disability, financial hardship (as defined by the Plan), at age 59 ½ while still employed, or termination of employment for any other reason. The methods of distribution include lump-sum distribution, substantially equal installments, or partial withdrawals, provided the minimum withdrawal is $1,000.

***Forfeitures***

Forfeitures are used to reduce Plan expenses or Employer contributions to the Plan. For the year ended December 31, 2024, forfeitures used to pay Plan expenses totaled $47,929 and forfeitures used to reduce Employer contributions totaled $103,000. There were $47,055 and $20,913 of unapplied forfeitures as of December 31, 2024 and 2023, respectively.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(2)<u>Summary of Significant Accounting Policies</u>**

***Basis of Presentation***

The financial statements have been prepared on an accrual basis of accounting in accordance with GAAP.

***Investments***

Plan investments are reported at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

The Retirement Plan Committee determines the Plan's valuation policies utilizing information provided by the trustee. See Note 6 for discussion of fair value measurement. Purchases and sales are recorded on a trade-date basis. Dividends are recorded on the ex-dividend date. Interest income is recorded on the accrual basis. Net appreciation or depreciation in fair value of investments includes the gains and losses on investments bought and sold as well as held during the year.

***Notes Receivable from Participants***

Notes receivable from participants are carried at their unpaid principal balance plus accrued but unpaid interest. Interest income is recorded on the accrual basis. Related fees are recorded as administrative expenses and are expensed when they are incurred. If a participant ceases to make the scheduled repayments and the Plan Administrator deems the participant to be in default, the participant's note receivable is reduced and a benefit payment is recorded based on the terms of the Plan. No allowance for credit losses was recorded as of December 31, 2024 and 2023.

***Contributions***

Contributions from Plan participants and the matching contributions from the Employer are recorded in the year in which the participant compensation is earned. All participant and Employer contributions are participant-directed.

***Refund Payable for Excess Contributions***

Amounts payable to participants in excess of amounts allowed by the Internal Revenue Service are recorded as a liability with a corresponding reduction to contributions. Refunds payable to participants at December 31, 2024 and 2023 were $141,646 and $127,545, respectively. These refunds were due to excess contributions, which were refunded to participants in 2025 for the year ended December 31, 2024, and in 2024 for the year ended December 31, 2023.

***Payment of Benefits***

Benefits are recorded when paid.

***Use of Estimates***

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets, liabilities, and changes therein and the disclosure of contingent assets and liabilities. Actual results could differ from those estimates.

***Investment Risk***

The Plan provides for various registered investment company (mutual fund) investment options in stocks, bonds and fixed income securities, as well as direct common stock investments and a common collective trust fund. Investment securities are exposed to various risks such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of

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investment securities will occur in the near term and that such changes could materially affect participants' account balances and the amounts reported in the Statements of Net Assets Available for Benefits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(3)<u>Plan Termination</u>**

Although it has not expressed any intent to do so, the Employer has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of plan termination, participants will become 100% vested in Employer contributions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(4)<u>Tax Status</u>**

Effective September 1, 2021, the Plan adopted a non-standardized pre-approved profit sharing plan with CODA sponsored by Fidelity Management & Research Company, an affiliate of Fidelity. Fidelity Management & Research Company obtained an opinion letter from the Internal Revenue Service dated June 30, 2020 as to the non-standardized pre-approved profit sharing plan's qualified status. The Plan administrator believes the Plan is currently designed and operated in compliance with the applicable requirements of the Code and continues to qualify and to operate as designed.

GAAP requires plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. The Plan administrator has analyzed the tax positions taken by the Plan and has concluded that as of December 31, 2024 and 2023, there were no uncertain positions taken, or expected to be taken, that would require recognition of a liability or asset or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(5)<u>Related Party and Party-in-Interest Transactions</u>**

As the recordkeeper of the Plan and a related affiliate of the Plan's current trustee, Fidelity, Fidelity Management & Research Company qualifies as a party-in-interest to the Plan. MMC Securities Corporations, serving in its capacity as an investment adviser to the Plan also qualifies as a party-in-interest. Administrative fees remitted to Fidelity Management & Research Company and MMC Securities Corporations totaled $115,215 and $47,929 in 2024, respectively, and are included in administrative expenses in the accompanying Statement of Changes in Net Assets Available for Benefits.

Plan assets also include shares of World Acceptance Corporation common stock. World Acceptance Corporation, as the Plan Sponsor, qualifies as a party-in-interest for transactions involving the aforementioned assets. The investment in World Acceptance Corporation common stock was $2,225,452 and $2,978,650 at December 31, 2024 and 2023, respectively, and is participant directed.

Participant loans held by the Plan qualify as party-in-interest transactions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(6)<u>Fair Value</u>**

FASB ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. FASB ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Level 2 – Inputs other than quoted prices that are observable for assets and liabilities, either directly or indirectly. These inputs include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are less active.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Level 3 – Unobservable inputs for assets or liabilities reflecting the reporting entity's own assumptions.

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The following tables set forth the fair value of the Plan's investments by category within the fair value hierarchy, if applicable, as of December 31, 2024 and 2023.

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| | | | | |
|:---|:---|:---|:---|:---|
| | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| | **Total** | **Level 1** | **Level 2** | **Level 3** |
| **<u>Investments at fair value</u>** | | | | |
| &nbsp;&nbsp;&nbsp;**Mutual funds** | $**62290298** | $**62290298** | $**—** | $**—** |
| &nbsp;&nbsp;&nbsp;**Common stock** | **2225452** | **2225452** | **—** | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total** | $**64515750** | $**64515750** | $**—** | $**—** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Investments measured at NAV<sup>1</sup>** | $**5523661** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total investments at fair value** | $**70039411** |  |  |  |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| | December 31, 2023 | December 31, 2023 | December 31, 2023 | December 31, 2023 |
| | Total | Level 1 | Level 2 | Level 3 |
| <u>Investments at fair value</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mutual funds | $56983671 | $56983671 | $— | $— |
| &nbsp;&nbsp;&nbsp;Common stock | 2978650 | 2978650 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total investments at fair value | $59962321 | $59962321 | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments measured at NAV<sup>1</sup> | $7819281 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investments at fair value | $67781602 |  |  |  |

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The following table set forth additional disclosures of the Plan's investments for which the fair value is measured using the NAV per share as a practical expedient as of December 31, 2024 and 2023.

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| | | | | |
|:---|:---|:---|:---|:---|
| | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| | **Fair Value** | **Unfunded Commitments** | **Redemption Frequency** | **Redemption Notice Period** |
| &nbsp;&nbsp;&nbsp;**Invesco Stable Value Fund** | $**5523661** | $**—** | **Daily** | **3 days** |

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| | | | | |
|:---|:---|:---|:---|:---|
| | December 31, 2023 | December 31, 2023 | December 31, 2023 | December 31, 2023 |
| | Fair Value | Unfunded Commitments | Redemption Frequency | Redemption Notice Period |
| &nbsp;&nbsp;&nbsp;Invesco Stable Value Fund | $7819281 | $— | Daily | 3 days |

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Valuation methodologies for the asset classes listed above are described below. There have been no changes in the methodologies used at December 31, 2024 and 2023.

<sup>1</sup> In accordance with the Fair Value Measurements topic, certain investments that were measured at NAV per share (or its equivalent) as a practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the line items presented in the Statements of Net Assets Available for Benefits.

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*Mutual funds:* Valued at daily closing price as reported by the fund. Mutual funds held by the Plan are open-ended mutual funds that are registered with the SEC. These funds are required to publish their daily net asset value and to transact at that price. The mutual funds held by the Plan are deemed to be actively traded.

*Common stock:* Valued at the closing price reported on the active market on which the individual securities are traded.

*Common collective trust stable value fund:* A stable value fund that is composed primarily of fully benefit-responsive investment contracts that is valued at the NAV of units of the collective trust. The NAV is used as a practical expedient to estimate fair value. This practical expedient would not be used if it is determined to be probable that the fund will sell the investment for an amount different from the reported NAV. Participant transactions (purchases and sales) may occur daily. If the Plan initiates a full redemption of the collective trust, the issuer reserves the right to require 12 months' notification in order to ensure that securities liquidations will be carried out in an orderly business manner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(7)<u>Reconciliation of Financial Statements to Form 5500</u>**

The following table reconciles net assets available for benefits per the financial statements to net assets per the Form 5500 as of December 31, 2024 and 2023:

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| | | |
|:---|:---|:---|
| | **2024** | 2023 |
| Net assets available for benefits per the financial statements | $**73155416** | $70673629 |
| Differences in: |  |  |
| &nbsp;&nbsp;&nbsp;Investments - participant loans | **2725654** | 2455956 |
| &nbsp;&nbsp;&nbsp;Receivable - notes receivable from participants | **(3060690)** | (2825028) |
| &nbsp;&nbsp;&nbsp;Excess contributions payable included in financial statements but not in Form 5500 | **141646** | 127545 |
| &nbsp;&nbsp;&nbsp;Contributions receivable | **(196961)** | (194544) |
| Net assets per Form 5500 | $**72765065** | $70237558 |

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The following table reconciles the net increase in net assets available for benefits per the financial statements to net income per Form 5500 for the year ended December 31, 2024:

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| | |
|:---|:---|
| | **2024** |
| Net increase in net assets available for benefits per the financial statements | $**2481787** |
| Change in defaulted loans | **34036** |
| Excess contributions payable included in financial statements but not in Form 5500 at: |  |
| &nbsp;&nbsp;&nbsp;December 31, 2024 | **141646** |
| &nbsp;&nbsp;&nbsp;December 31, 2023 | **(127545)** |
| Contributions receivable included in financial statements but not in Form 5500 at: |  |
| &nbsp;&nbsp;&nbsp;December 31, 2024 | **(196961)** |
| &nbsp;&nbsp;&nbsp;December 31, 2023 | **194544** |
| Net income per Form 5500 | $**2527507** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>(8)</u><u>Subsequent Events</u>**

The Plan Sponsor is not aware of any significant events occurring subsequent to December 31, 2024 and through June 18, 2025 that would have a material effect on the financial statements thereby requiring adjustment or disclosure.

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---

| | | | | |
|:---|:---|:---|:---|:---|
| **WORLD ACCEPTANCE CORPORATION** | **WORLD ACCEPTANCE CORPORATION** | **WORLD ACCEPTANCE CORPORATION** | **WORLD ACCEPTANCE CORPORATION** | **WORLD ACCEPTANCE CORPORATION** |
| **RETIREMENT SAVINGS PLAN** | **RETIREMENT SAVINGS PLAN** | **RETIREMENT SAVINGS PLAN** | **RETIREMENT SAVINGS PLAN** | **RETIREMENT SAVINGS PLAN** |
| **Schedule H, Line 4i - Schedule of Assets (Held at End of Year)** | **Schedule H, Line 4i - Schedule of Assets (Held at End of Year)** | **Schedule H, Line 4i - Schedule of Assets (Held at End of Year)** | **Schedule H, Line 4i - Schedule of Assets (Held at End of Year)** | **Schedule H, Line 4i - Schedule of Assets (Held at End of Year)** |
| **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| (a) | (b) | (c) | (d) | (e) |
| Party in-interest | Identity of issuer, borrower, lessor, or similar party | Description of investment including maturity date, rate of interest, collateral, par or maturity value | Cost | Current value |
|  | Mutual Funds: |  |  |  |
|  | &nbsp;&nbsp;&nbsp;Alliance Bernstein | Alliance Bernstein Discovery Value Z Fund | \*\* | $364041 |
|  | &nbsp;&nbsp;&nbsp;BlackRock | Blackrock Lifepath Index 2060 K Fund | \*\* | 2597479 |
|  | &nbsp;&nbsp;&nbsp;BlackRock | Blackrock Lifepath Index 2065 K Fund | \*\* | 730623 |
|  | &nbsp;&nbsp;&nbsp;BlackRock | Blackrock Lifepath Index Retirement K Fund | \*\* | 3623587 |
|  | &nbsp;&nbsp;&nbsp;BlackRock | Blackrock Lifepath Index 2030 K Fund | \*\* | 6755587 |
|  | &nbsp;&nbsp;&nbsp;BlackRock | Blackrock Lifepath Index 2035 K Fund | \*\* | 7924902 |
|  | &nbsp;&nbsp;&nbsp;BlackRock | Blackrock Lifepath Index 2040 K Fund | \*\* | 8025774 |
|  | &nbsp;&nbsp;&nbsp;BlackRock | Blackrock Lifepath Index 2045 K Fund | \*\* | 9433674 |
|  | &nbsp;&nbsp;&nbsp;BlackRock | Blackrock Lifepath Index 2050 K Fund | \*\* | 6117355 |
|  | &nbsp;&nbsp;&nbsp;BlackRock | Blackrock Lifepath Index 2055 K Fund | \*\* | 4258435 |
|  | &nbsp;&nbsp;&nbsp;Hartford Mutual Funds | Hartford International Opportunities R6 Fund | \*\* | 518274 |
|  | &nbsp;&nbsp;&nbsp;Metropolitan Life Insurance Co | Metro West Total Return Bond Fund | \*\* | 323340 |
|  | &nbsp;&nbsp;&nbsp;MFS Investment Management | MFS Value R6 Fund | \*\* | 692099 |
|  | &nbsp;&nbsp;&nbsp;T. Rowe Price Funds | T. Rowe Price Blue Chip Growth I Fund | \*\* | 3023214 |
|  | &nbsp;&nbsp;&nbsp;Vanguard Group | Vanguard Extended Market Index Admiral Fund | \*\* | 1395394 |
|  | &nbsp;&nbsp;&nbsp;Vanguard Group | Vanguard Total Bond Market Index Admiral Fund | \*\* | 324157 |
|  | &nbsp;&nbsp;&nbsp;Vanguard Group | Vanguard 500 Index Admiral Fund | \*\* | 4315202 |
|  | &nbsp;&nbsp;&nbsp;Vanguard Group | Vanguard Total International Stock Index Admiral Fund | \*\* | 570457 |
|  | &nbsp;&nbsp;&nbsp;William Blair & Company | William Blair Small-Mid Cap Growth R6 Fund | \*\* | 1265031 |
|  |  |  |  | 62258625 |
|  | Common Collective Trust Fund: |  |  |  |
|  | &nbsp;&nbsp;&nbsp;Invesco Trust Company | Invesco Stable Value Fund, Class B1 | \*\* | 5523661 |
| \* | Participant Loans | Interest rates from 3.50% to 9.50% and maturity dates through December 2030\*\*\* | \*\* | 2725654 |
|  | Common Stock: |  |  |  |
| \* | &nbsp;&nbsp;&nbsp;World Acceptance Corporation | Common stock, no par value (quoted at fair value) | \*\* | 2225452 |
|  | Money Market Mutual Funds\*\*\*\*: |  |  |  |
| \* | &nbsp;&nbsp;&nbsp;Fidelity | Fidelity Govt Money Market | \*\* | 26 |
| \* | &nbsp;&nbsp;&nbsp;Fidelity | Fidelity Govt Money Market K6 | \*\* | 31647 |
|  |  | Total |  | $72765065 |
| \* | Indicates party-in-interest to the Plan | Indicates party-in-interest to the Plan | Indicates party-in-interest to the Plan | Indicates party-in-interest to the Plan |
| \*\* | Cost information has not been included in column (d) because all investments are participant-directed | Cost information has not been included in column (d) because all investments are participant-directed | Cost information has not been included in column (d) because all investments are participant-directed | Cost information has not been included in column (d) because all investments are participant-directed |
| \*\*\* | The accompanying financial statements classify participant loans as notes receivable from participants. Amount is net of $335,036 in deemed loan distributions. | The accompanying financial statements classify participant loans as notes receivable from participants. Amount is net of $335,036 in deemed loan distributions. | The accompanying financial statements classify participant loans as notes receivable from participants. Amount is net of $335,036 in deemed loan distributions. | The accompanying financial statements classify participant loans as notes receivable from participants. Amount is net of $335,036 in deemed loan distributions. |
| \*\*\*\* | Presented with mutual funds in the financial statements. | Presented with mutual funds in the financial statements. | Presented with mutual funds in the financial statements. | Presented with mutual funds in the financial statements. |

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**Report of Independent Registered Public Accounting Firm**

Retirement Plan Committee, Plan Administrator and Plan Participants

World Acceptance Corporation Retirement Savings Plan

**Opinion on the Financial Statements**

We have audited the accompanying statement of net assets available for benefits of the World Acceptance Corporation Retirement Savings Plan (the Plan) as of December 31, 2024, the related statement of changes in net assets available for benefits for the year then ended, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2024, and the changes in net assets available for benefits for the year then ended in conformity with accounting principles generally accepted in the United States of America.

**Basis of Opinion**

These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audit.

We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan's internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

**Report on Supplemental Information**

The supplemental information in the accompanying schedule of assets (held at end of year) as of December 31, 2024, has been subjected to audit procedures performed in conjunction with the audit of the Plan's financial statements. The supplemental schedule is the responsibility of the Plan's management. Our audit procedures included determining whether the supplemental schedule reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in conformity with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the *Employee Retirement Income Security Act of 1974*. In our opinion, the schedule of assets (held at end of year) is fairly stated, in all material respects, in relation to the basic financial statements taken as a whole.

/s/ Forvis Mazars, LLP

We have served as the Plan's auditor since 2024.

**Asheville, North Carolina**

**June 18, 2025**

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**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

To the Retirement Plan Committee, Plan Administrator, and Plan Participants of World Acceptance Corporation Retirement Savings Plan

**Opinion on the Financial Statement**

We have audited the accompanying statement of net assets available for benefits of World Acceptance Corporation Retirement Savings Plan (the Plan) as of December 31, 2023 and the related notes (the financial statement). In our opinion, the financial statement presents fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2023, in conformity with accounting principles generally accepted in the United States of America.

**Basis for Opinion**

This financial statement is the responsibility of the Plan's management. Our responsibility is to express an opinion on the Plan's financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statement. We believe that our audit provides a reasonable basis for our opinion.

/s/ RSM US LLP

We served as the Plan's auditor from 2014 to 2024.

Atlanta, Georgia

June 13, 2024

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**EXHIBIT INDEX**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Exhibit<br>Number | Exhibit Description | Filed<br>Herewith | Incorporated by Reference | Incorporated by Reference | Incorporated by Reference |
| Exhibit<br>Number | Exhibit Description | Filed<br>Herewith | Form or<br>Registration<br>Number | Exhibit | Filing<br>Date |
| 23.1 | <u>[Consent of RSM US LLP](exhibit231_2024.htm)</u> | \* |  |  |  |
| 23.2 | <u>[C](exhibit232_2024.htm)[onsent of Forvis](exhibit232_2024.htm)[Mazars, LLP](exhibit232_2024.htm)</u> | \* |  |  |  |

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\* Submitted electronically herewith.

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the World Acceptance Corporation Retirement Plan Committee has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | |
|:---|:---|
| **WORLD ACCEPTANCE CORPORATION RETIREMENT SAVINGS PLAN** | **WORLD ACCEPTANCE CORPORATION RETIREMENT SAVINGS PLAN** |
| By: World Acceptance Corporation | By: World Acceptance Corporation |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retirement Plan Committee | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retirement Plan Committee |
| Date: | June 18, 2025 |
| By: /s/ R. Chad Prashad | By: /s/ R. Chad Prashad |
| R. Chad Prashad | R. Chad Prashad |
| President and Chief Executive Officer | President and Chief Executive Officer |
| Date: | June 18, 2025 |
| By: /s/ Lindsay Caulder | By: /s/ Lindsay Caulder |
| Lindsay Caulder | Lindsay Caulder |
| Senior Vice President, Human Resources | Senior Vice President, Human Resources |
| Date: | June 18, 2025 |

---

## Exhibit 23.1

EXHIBIT 23.1

**Consent of Independent Registered Public Accounting Firm**

We consent to the incorporation by reference in Registration Statement (No. 333-14399) on Form S-8 of World Acceptance Corporation of our report dated June 13, 2024 relating to our audit of the financial statement of World Acceptance Corporation Retirement Savings Plan, as of December 31, 2023, which appears in this Annual Report on Form 11-K of World Acceptance Corporation Retirement Savings Plan for the year ended December 31, 2024.

/s/ RSM US LLP

Atlanta, Georgia

June 18, 2025

## Exhibit 23.2

EXHIBIT 23.2

**Consent of Independent Registered Public Accounting Firm**

We consent to the incorporation by reference in the Registration Statement on Form S-8 (No. 333-14399) of our report dated June 18, 2025, with respect to the financial statements and supplemental schedule of World Acceptance Corporation Retirement Savings Plan included in this Annual Report on Form 11-K for the year ended December 31, 2024.

/s/ Forvis Mazars, LLP

Asheville, NC

June 18, 2025

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