wrld-20260522

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

__________________________________

FORM 8-K

__________________________________

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) May 22, 2026

Commission File Number: 000-19599

WORLD ACCEPTANCE CORPORATION

(Exact name of registrant as specified in its charter.)


South Carolina						57-0425114
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification Number)


104 S Main Street
Greenville,	South Carolina	29601
(Address of principal executive offices)
(Zip Code)


(864)			298-9800
(registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock, no par value	WRLD	The NASDAQ Stock Market LLC
		(NASDAQ Global Select Market)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.		☐


Item 1.01.			Entry into a Material Definitive Agreement

Consent and Limited Modification to Fixed Charge Coverage Ratio Covenant

On May 22, 2026, World Acceptance Corporation (the "Company") entered into a Consent and Limited Modification to Fixed Charge Ratio (the "Modification") with Bank of Montreal ("BMO"), as Administrative Agent and Collateral Agent, and the Required Lenders party to the Revolving Credit Agreement dated as of July 22, 2025 (as amended or otherwise modified from time to time, the "Credit Agreement"), by and among the Company, the lenders from time to time party thereto, and BMO, as Administrative Agent and Collateral Agent.

Pursuant to Section 8.7(b) of the Credit Agreement, the Company and its Restricted Subsidiaries are required to maintain a ratio of Net Income Available for Fixed Charges to Fixed Charges (the "Financial Covenant") of not less than 2.25 to 1.0 for each fiscal quarter. The Modification provides for a limited, temporary modification of the Financial Covenant as follows:

i.2.20 to 1.0 as of the fiscal quarter ending March 31, 2026;

ii.2.10 to 1.0 as of the fiscal quarter ending June 30, 2026; and

iii.2.15 to 1.0 as of the fiscal quarter ending September 30, 2026.

Commencing with the fiscal quarter ending December 31, 2026, and for all fiscal quarters thereafter, the Financial Covenant shall revert to its original level of not less than 2.25 to 1.0, without regard to the limited modification set forth in the Modification.

Except as expressly modified by the Modification, the Credit Agreement remains in full force and effect in accordance with its current terms.

The foregoing description of the Modification is only a summary and is qualified in its entirety by reference to the full text of the Modification, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.


Item 9.01.			Financial Statements and Exhibits.


Exhibit Number			Exhibit Description
10.1			Consent and Limited Modification to Fixed Charge Ratio, dated as of May 22, 2026, among World Acceptance Corporation, Bank of Montreal, as Administrative Agent and Collateral Agent, and the Required Lenders party thereto
10.4			Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


WORLD ACCEPTANCE CORPORATION

	By: /s/ John L. Calmes, Jr.
	John L. Calmes, Jr.
	Executive Vice President and Chief Financial and Strategy Officer
	Date:	May 26, 2026

May 22, 2026

World Acceptance Corporation

104 South Main Street, Suite 400

Greenville, South Carolina 29601

Attention: John L. Calmes, Jr., CFO

Re: Consent and Limited Modification to Fixed Charge Ratio

Ladies and Gentlemen:

Reference is hereby made to the Revolving Credit Agreement dated as of July 22, 2025 (as the same may be amended, modified, restated or supplemented from time to time pursuant to the terms thereof, the “Credit Agreement”), by and among WORLD ACCEPTANCE CORPORATION, a South Carolina corporation (the “Borrower”), the Lenders from time to time party thereto, and Bank of Montreal (“BMO”), as Administrative Agent and Collateral Agent. Capitalized terms used herein without definition shall have the same meanings herein as such

terms have in the Credit Agreement.

Pursuant to Section 8.7(b) of the Credit Agreement, the Borrower and its Restricted Subsidiaries are required to maintain a Net Income Available for Fixed Charges to Fixed Charges ratio of not less than 2.25 to 1.0 for each fiscal quarter (the “Financial Covenant”). The Borrower has requested a limited modification of the Financial Covenant, such that, the Financial Covenant shall not be less than: (i) 2.20 to 1.0 as of the fiscal quarter ending March 31, 2026, (ii) 2.10 to 1.0 as of the fiscal quarter ending June 30, 2026 and (iii) 2.15 to 1.0 as of the fiscal quarter ending September 30, 2026. Commencing with the fiscal quarter ending December 31, 2026, the Financial Covenant for such fiscal quarter, and all fiscal quarters thereafter, shall be not less than 2.25 to 1.0, without regard to the limited modification set forth in this letter.

For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Administrative Agent and the Required Lenders hereby consent to the modification of the Financial Covenant for each fiscal quarter ended March 31, 2026, June 30, 2026 and September 30, 2026. Except for the consent set forth herein, the Credit Agreement remains in full force and effect in accordance with its current terms.

This letter agreement shall be effective upon (a) the Administrative Agent’s receipt of a copy of this letter agreement duly executed by the Administrative Agent, the Borrower, and the Required Lenders; and (b) the Borrower having paid to the Administrative Agent, for the ratable benefit of the Applicable Lenders (as defined below), a consent fee (the “Consent Fee”) in an amount equal to 0.03% of the aggregate Commitments of the Applicable Lenders as of the date of this letter agreement. As used herein, “Applicable Lender” means each Lender that has delivered an executed counterpart of this letter agreement to the Administrative Agent prior to 5:00 p.m., Chicago time, on May 21, 2026 (or such later date and time specified by the Borrower and notified in writing to the Lenders by the Administrative Agent). For the avoidance of doubt, 2 the Consent Fee shall be due and payable in full on the date hereof, fully earned when due, and non-refundable when paid.

In order to induce the Administrative Agent and the Required Lenders to enter into this letter agreement, Borrower represents and warrants to Administrative Agent and Lenders that (i) after giving effect to this letter agreement, no Event of Default exists and is continuing under the Credit Agreement, and (ii) the representations and warranties contained in the Credit Agreement and in all other Loan Documents are true and correct in all material respects (where not already qualified by materiality, otherwise in all respects) as of the date hereof, except to the extent the same expressly relate to an earlier date (in which case, the same remain true and correct in all material respects (where not already qualified by materiality, otherwise in all respects) as of such earlier date).

This letter agreement may be executed in any number of counterparts, and by the different parties on different counterpart signature pages, all of which taken together shall constitute one and the same agreement. Any of the parties hereto may execute this letter agreement by signing any such counterpart and each of such counterparts shall for all purposes be deemed to be an original. Delivery of an executed counterpart of a signature page of this

letter agreement by facsimile or in electronic (e.g., “pdf” or “tif”) format shall be effective as delivery of a manually executed counterpart of letter agreement. The Borrower hereby agrees to pay on demand all costs and expenses of the Administrative Agent incurred in connection with the preparation, execution and delivery of this letter agreement and the transactions contemplated hereby, including the fees and expenses of counsel to the Administrative Agent. The provisions contained in Sections 12.17 (Governing Law) and 12.24 (Submission to Jurisdiction; Waiver of Jury Trial) of the Credit Agreement are incorporated herein by reference to the same extent as if reproduced herein in their entirety, except with reference to this letter agreement rather than the Credit Agreement.

[Signature Page to Follow]

This letter agreement is entered into as of the date and year first above written.

Bank of Montreal, as Administrative Agent,

Collateral Agent and Lender

By______________________________

Name____________________________

Title_____________________________

Accepted and agreed to as of the date and year first above written.

“Borrower”

World Acceptance Corporation

By_______________________________

Name: John L. Calmes, Jr.

Title: Executive Vice President, Chief

Financial & Strategy Officer, and Treasurer

Axos Bank, as a Lender

By___________________________________

Name: ________________________________