September looms as a risk month for stocks, Yardeni says
World Acceptance Corp (NASDAQ:WRLD) reported that at its Annual Meeting of Shareholders held Wednesday, shareholders approved the company’s 2025 Stock Incentive Plan, elected all nominated directors, and ratified its external auditor, according to a press release statement and SEC filing.
Shareholders approved the 2025 Stock Incentive Plan, which allows the company to grant up to 400,000 shares in the form of stock options, stock appreciation rights, restricted stock, and restricted stock units to eligible employees and non-employee directors. The plan will be effective until August 19, 2035, and is administered by the board’s Compensation and Stock Option Committee.
The meeting had a quorum with 4,937,225 shares represented out of 5,446,636 outstanding and entitled to vote.
All seven director nominees were elected to the board:
- Ken R. Bramlett, Jr.
- R. Chad Prashad
- Scott J. Vassalluzzo
- Charles D. Way
- Darrell E. Whitaker
- Elizabeth R. Neuhoff
- Benjamin E. Robinson III
Votes for each director ranged from 4,195,799 to 4,578,980, with votes withheld ranging from 8,263 to 391,444.
Shareholders also approved, on an advisory basis, the executive compensation of named executive officers with 4,459,675 votes in favor, 114,634 against, and 12,932 abstentions.
The appointment of RSM US LLP as the company’s independent registered public accounting firm for the fiscal year ending March 31, 2026, was ratified by shareholders, with 4,904,334 votes in favor, 32,194 against, and 697 abstentions.
These results are based on a press release statement and the company’s Form 8-K filed with the Securities and Exchange Commission. The company maintains strong financial metrics, with a P/E ratio of 11.4 and an impressive current ratio of 13.03, indicating robust liquidity. InvestingPro subscribers have access to additional insights, including 7 more key ProTips and a comprehensive Pro Research Report, which is part of the platform’s coverage of 1,400+ US stocks.
In other recent news, World Acceptance Corporation reported its Q1 FY2026 earnings, which revealed a notable miss on earnings per share (EPS) compared to analysts’ forecasts. However, the company managed to surpass revenue expectations during the same period. Despite the earnings miss, World Acceptance emphasized ongoing strategic initiatives designed to enhance long-term shareholder value. The company’s stock experienced a decline following the announcement, although specific price movements are not the focus here. These recent developments are crucial for investors who closely monitor earnings and revenue results. No analyst upgrades or downgrades were reported in conjunction with the earnings announcement. The company continues to focus on its strategic plans amidst these financial outcomes.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.