WORLD ACCEPTANCE CORP — Major Shareholding Notification 2019

Feb 14, 2019

SC 13G/A 1 cas-13ga_123118.htm AMENDMENT TO FORM SC 13G Field: Rule-Page

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934*

( Amendment No. 1)*

World Acceptance Corporation
(Name of Issuer) Common Stock
(Title of Class of Securities) 981419104
(CUSIP Number) December 31, 2018
(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

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 0
	6	SHARED VOTING POWER 643,802*
	7	SOLE DISPOSITIVE POWER 0
	8	SHARED DISPOSITIVE POWER 643,802*
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 643,802*
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES	☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.53*+
12	TYPE OF REPORTING PERSON IA

________ *CAS Investment Partners as of December 31, 2018, Sosin Partners, L.P. (the “Fund”) owned an aggregate of 643,802 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 643,802 shares. + Based on a total of 9,865,424 shares outstanding as of November 1, 2018, as set forth in the Issuer’s most recent Form 10-Q, filed on November 8, 2018.

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CUSIP No . 981419104 Page 3 of 7

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 0
	6	SHARED VOTING POWER 643,802*
	7	SOLE DISPOSITIVE POWER 0
	8	SHARED DISPOSITIVE POWER 643,802*
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 643,802*
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES	☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.53*+
12	TYPE OF REPORTING PERSON PN

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*CAS Investment Partners as of December 31, 2018, Sosin Partners, L.P. (the “Fund”) owned an aggregate of 643,802 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 643,802 shares. + Based on a total of 9,865,424 shares outstanding as of November 1, 2018, as set forth in the Issuer’s most recent Form 10-Q, filed on November 8, 2018.

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CUSIP No . 981419104 Page 4 of 7

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 643,802*
	7	SOLE DISPOSITIVE POWER 606
	8	SHARED DISPOSITIVE POWER 643,802*
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 644,408*
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES	☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.53*+
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 9,865,424 shares outstanding as of November 1, 2018, as set forth in the Issuer’s most recent Form 10-Q, filed on November 8, 2018.

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CUSIP No . 981419104 Page 5 of 7

Item 1(a).	Name of Issuer:	World Acceptance Corporation
Item 1(b).	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. — (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

	(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 - 643,802 Sosin Partners, L.P. - 643,802 Clifford Sosin - 644,408**
	(b)	Percent of class:
		CAS Investment Partners, LLC - 6.53%+ Sosin Partners, L.P. - 6.53%+ Clifford Sosin - 6.53%*+
	(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 - 643,802 Sosin Partners, L.P. - 643,802 Clifford Sosin - 644,408**
		(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 - 643,802 Sosin Partners, L.P. - 643,802 Clifford Sosin - 644,408**
*CAS Investment Partners as of December 31, 2018, Sosin Partners,
L.P. (the “Fund”) owned an aggregate of 643,802 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 643,802 shares. **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 9,865,424 shares outstanding as of November
1, 2018, as set forth in the Issuer’s most recent Form 10-Q, filed on November 8, 2018

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CUSIP No . 981419104 Page 7 of 7

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 13, 2019
Signature:	/s/ Clifford Sosin
Name:	Clifford Sosin
CAS INVESTMENT PARTNERS, LLC
Date:	February 11, 2019
By:	/s/ Clifford Sosin
Name:	Clifford Sosin
Title:	Managing Member
SOSIN PARTNERS, L.P.
Date:	February 11, 2019
By:	/s/ Clifford Sosin
Name:	Clifford Sosin
Title:	Managing Member

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