WORLD ACCEPTANCE CORP — Major Shareholding Notification 2018

Feb 14, 2018

SC 13G 1 cas-13g_123117.htm SCHEDULE FILED TO REPORT ACQUISITION OF BENEFICIAL OWNERSHIP

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934*

| World
Acceptance Corporation |
| --- |
| (Name
of Issuer) |
| Common Stock |
| (Title
of Class of Securities) |
| 981419104 |
| (CUSIP
Number) |
| December
31, 2017 |
| (Date
of Event Which Requires Filing of this Statement) |

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☒	Rule 13d-1(b)
☐	Rule 13d-1(c)
☐	Rule 13d-1(d)

• The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 603,397

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CUSIP No . 981419104 Page 2 of 7

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| 1 | NAME
OF REPORTING PERSONS CAS Investment Partners, LLC I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) EIN: 46-0901365 | |
| --- | --- | --- |
| 2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a)
☐ (b)
☐ |
| 3 | SEC
USE ONLY | |
| 4 | CITIZENSHIP
OR PLACE OF ORGANIZATION Delaware,
United State of America | |
| NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE
VOTING 602,791 |
| | 6 | SHARED
VOTING POWER 0 |
| | 7 | SOLE
DISPOSITIVE POWER 602,791 |
| | 8 | SHARED
DISPOSITIVE POWER 0 |
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 602,791 | |
| 10 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES | ☐ |
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.80*+ | |
| 12 | TYPE
OF REPORTING PERSON IA | |

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*CAS Investment Partners As of December 31, 2018, Sosin Partners, L.P. (the “Fund”) owned an aggregate of 602,791 shares of Common Stock of the Issuer. CAS Investment Partners, LLC, is the investment manager of the Fund in which such shares referred to above are held. As a result, CAS Investment Partners, LLC, possesses the power to vote and dispose or direct the disposition of all the shares owned by the Fund. Thus, CAS Investment Partners, LLC, may be deemed to beneficially own a total of 602,791 shares.

• Based on a total of 8,856,554 shares outstanding as of November 1, 2017, as set forth in the Issuer’s most recent Form 10-Q, filed on November 8, 2017.

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CUSIP No . 981419104 Page 3 of 7

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| 1 | NAME
OF REPORTING PERSONS Sosin Partners, L.P. I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) EIN: 46-0970829 | |
| --- | --- | --- |
| 2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a)
☐ (b)
☐ |
| 3 | SEC
USE ONLY | |
| 4 | CITIZENSHIP
OR PLACE OF ORGANIZATION Delaware,
United State of America | |
| NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE
VOTING 602,791 |
| | 6 | SHARED
VOTING POWER 0 |
| | 7 | SOLE
DISPOSITIVE POWER 602,791 |
| | 8 | SHARED
DISPOSITIVE POWER 0 |
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 602,791 | |
| 10 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES | ☐ |
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.80*+ | |
| 12 | TYPE
OF REPORTING PERSON PN | |

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• Based on a total of 8,856,554 shares outstanding as of November 1, 2017, as set forth in the Issuer’s most recent Form 10-Q, filed on November 8, 2017.

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CUSIP No . 981419104 Page 4 of 7

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| 1 | NAME
OF REPORTING PERSONS Clifford Sosin I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) EIN: | |
| --- | --- | --- |
| 2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a)
☐ (b)
☐ |
| 3 | SEC
USE ONLY | |
| 4 | CITIZENSHIP
OR PLACE OF ORGANIZATION United
State of America | |
| NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE
VOTING 606 |
| | 6 | SHARED
VOTING POWER 602,791 |
| | 7 | SOLE
DISPOSITIVE POWER 606 |
| | 8 | SHARED
DISPOSITIVE POWER 602,791 |
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 603,397 | |
| 10 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES | ☐ |
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.81+ | |
| 12 | TYPE
OF REPORTING PERSON IN | |

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*Mr. Sosin is the managing member of CAS Investment Partners, LLC. As a result, Mr. Sosin possesses the power to vote and dispose or direct the disposition of all the shares beneficially owned by CAS Investment Partners, LLC as investment manager to the Fund. Mr. Sosin disclaims beneficial ownership of any of the shares held by the Fund.

• Based on a total of 8,856,554 shares outstanding as of November 1, 2017, as set forth in the Issuer’s most recent Form 10-Q, filed on November 8, 2017.

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CUSIP No . 981419104 Page 5 of 7

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| Item
1(a). — Item
1(b). | | Name
of Issuer: — Address of Issuer’s Principal
Executive Offices: | 108 Frederick Street |
| --- | --- | --- | --- |
| | | | Greenville,
South Carolina 29607 |
| Item
2(a). | | Name
of Person Filing: CAS Investment Partners, LLC This
Schedule is being filed by CAS Investments Partners, LLC with respect to shares of common stock of the above-name issuer
owned by CAS Investments Partners, LLC. Clifford Sosin is the Managing Member of CAS Investment Partners, LLC | |
| Item
2(b). | | Address
of Principal Business Office or, if None, Residence: | |
| | | 8
Wright Street, 1 st FL Westport, Connecticut 06880 | |
| Item
2(c). | | Citizenship: | |
| | | United
States | |
| Item
2(d). | | Title
of Class of Securities: | |
| | | Common
Stock | |
| Item
2(e). | | CUSIP
Number: 981419104 | |
| Item
3. | If This
Statement is Filed Pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), Check Whether the Person Filing is a: | | |
| | (a) | ☐ | Broker or
dealer registered under Section 15 of the Act (15 U.S.C. 78o). |
| | (b) | ☐ | Bank as
defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). |
| | (c) | ☐ | Insurance
company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). |
| | (d) | ☐ | Investment
company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). |
| | (e) | ☒ | An investment
adviser in accordance with §240.13d-1(b)(1)(ii)(E); |

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CUSIP No . 981419104 Page 6 of 7

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| | (f) | ☐ | An employee benefit plan
or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
| --- | --- | --- | --- |
| | (g) | ☐ | A parent holding company or control person in
accordance with §240.13d-1(b)(ii)(G); |
| | (h) | ☐ | A savings association as defined in Section
3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
| | (i) | ☐ | A church plan that is excluded from the definition
of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); |
| | (j) | ☐ | Group, in accordance with §240.13d-1(b)(1)(ii)(J). |
| Item 4. | Ownership. | | |
| | Provide the following information
regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. | | |
| | (a) | Amount beneficially owned: * | |
| | | CAS
Investment Partners, LLC - 602,791 Sosin
Partners, L.P. - 602,791 Clifford
Sosin - 603,397 | |
| | (b) | Percent of class: 6.80%+ | |
| | | CAS
Investment Partners, LLC - 6.80% Sosin
Partners, L.P. - 6.80% Clifford
Sosin - 6.81% | |
| | (c) | Number of shares as to which such
person has: | |
| | | (i) | Sole power to vote or to direct the vote: |
| | | | CAS
Investment Partners, LLC – 0 Sosin
Partners, L.P. - 0 Clifford
Sosin - 606 |
| | | (ii) | Shared power to vote or to direct the vote: |
| | | | CAS
Investment Partners, LLC - 602,791 Sosin
Partners, L.P. - 602,791 Clifford
Sosin - 603,397 |
| | | (iii) | Sole power to dispose or to direct the disposition
of: |
| | | | CAS
Investment Partners, LLC – 0 Sosin
Partners, L.P. - 0 Clifford
Sosin - 606 |
| | | (iv) | Shared power to dispose or to direct the disposition
of: |
| | | | CAS
Investment Partners, LLC - 602,791 Sosin
Partners, L.P. - 602,791 Clifford
Sosin - 603,397 |
| Mr. Sosin is the managing member
of CAS Investment Partners, LLC. As a result, Mr. Sosin possesses the power to vote and dispose or direct the disposition
of all the shares beneficially owned by CAS Investment Partners, LLC as investment manager to the Fund. Mr. Sosin disclaims
beneficial ownership of any of the shares held by the Fund. | | | |

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CUSIP No . 981419104 Page 7 of 7

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| Item 5. | Ownership of Five Percent
or Less of a Class. |
| --- | --- |
| | If this statement
is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the following ☐ |
| Item 6. | Ownership of More than Five Percent on Behalf
of Another Person. |
| | Not applicable |
| Item 7. | Identification and Classification of the
Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
| | Not applicable |
| Item 8. | Identification and Classification of Members
of the Group. |
| | Not applicable |
| Item 9. | Notice of Dissolution of Group. |
| | Not applicable |
| Item 10. | Certification. |

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:	February 14, 2018
Signature:	/s/ Clifford Sosin
Name:	Clifford Sosin
CAS INVESTMENT PARTNERS, LLC
Date:	February 14, 2018
By:	/s/ Clifford Sosin
Name:	Clifford Sosin
Title:	Managing Member
SOSIN PARTNERS, L.P.
Date:	February 14, 2018
By:	/s/ Clifford Sosin
Name:	Clifford Sosin
Title:	Managing Member

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