WORLD ACCEPTANCE CORP — Major Shareholding Notification 2023

Feb 14, 2023

SC 13G/A 1 wrld_sch13ga-123122.htm AMENDMENT TO SC 13G

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934*

(Amendment No. 7)*

| World
Acceptance Corporation |
| --- |
| (Name
of Issuer) |
| Common
Stock, no par value |
| (Title
of Class of Securities) |
| 981419104 |
| (CUSIP
Number) |
| December
31, 2022 |
| (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).

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CUSIP No . 981419104 Page 2 of 9

| 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 States of America | |
| NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE
VOTING 755,768 (1) |
| | 6 | SHARED
VOTING POWER 0 |
| | 7 | SOLE
DISPOSITIVE POWER 755,768 (1) |
| | 8 | SHARED
DISPOSITIVE POWER 0 |
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 755,768 (1) | |
| 10 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES | ☐ |
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9 12.0% (1)(2) | |
| 12 | TYPE
OF REPORTING PERSON IA, OO | |

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(1) As of December 31, 2022, Sosin Master, L.P. (“ Sosin Master ”) owned 526,081 shares of Common Stock of the Issuer and CSWR Partners, L.P. (“ CSWR ”) owned 229,687 shares of Common Stock of the Issuer. CAS Investment Partners, LLC is the investment manager of Sosin Master and CSWR and has been fully delegated the power to vote and dispose or direct the disposition of all the shares of Common Stock owned by Sosin Master and CSWR.

(2) Based on a total of 6,256,933 shares outstanding as of October 21, 2022 as set forth in the Issuer’s most recent 10-Q filed with the Securities and Exchange Commission on November 4, 2022.

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CUSIP No . 981419104 Page 3 of 9

| 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 States of America | |
| NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE
VOTING 0 |
| | 6 | SHARED
VOTING POWER 755,768 (1) |
| | 7 | SOLE
DISPOSITIVE POWER 0 |
| | 8 | SHARED
DISPOSITIVE POWER 755,768 (1) |
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 755,768 (1) | |
| 10 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES | ☐ |
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9 12.0% (1)(2) | |
| 12 | TYPE
OF REPORTING PERSON IN; HC | |

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(1) As of December 31, 2022, Sosin Master owned 526,081 shares of Common Stock of the Issuer and CSWR owned 229,687 shares of Common Stock of the Issuer. CAS Investment Partners, LLC is the investment manager of Sosin Master and CSWR and has been fully delegated the power to vote and dispose or direct the disposition of all the shares of Common Stock owned by Sosin Master and CSWR. Clifford Sosin is the Managing Member of CAS Investment Partners, LLC.

(2) Based on a total of 6,256,933 shares outstanding as of October 21, 2022 as set forth in the Issuer’s most recent 10-Q filed with the Securities and Exchange Commission on November 4, 2022.

† Mr. Sosin disclaims any beneficial ownership of the shares.

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CUSIP No . 981419104 Page 4 of 9

| Item 1(a). — Item 1(b). | Name
of Issuer: World
Acceptance Corporation — Address
of Issuer’s Principal Executive Offices: 104
S Main Street, Greenville, South Carolina 29601 | | |
| --- | --- | --- | --- |
| Item 2(a). | Name
of Person Filing: This
Schedule 13G/A is being filed with respect to an aggregate of 755,768 shares of Common Stock of the Issuer which are beneficially
owned by CAS Investment Partners, LLC as the investment manager of Sosin Master and CSWR with the power to vote and dispose
or direct the disposition of all securities owned by Sosin Master and CSWR. CAS Investment Partners, LLC is an investment
adviser registered with the Securities Exchange Commission under the Investment Advisers Act of 1940, as amended. Clifford
Sosin is the Managing Member of CAS Investment Partners, LLC and disclaims beneficial ownership of any securities covered
by this Schedule 13G for the purposes of Section 13(d) or 13(g) of the Act or any other purpose. Each
reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that
such person is, for the purpose of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing
to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring,
holding, or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii)
a member of any group with respect to the Issuer or any securities of the Issuer. | | |
| Item 2(b). | Address
of Principal Business Office or, if None, Residence: 575
Lexington Ave, Suite 12-101 New
York, NY 10022 | | |
| Item 2(c). | Citizenship: See
Item 4 on the cover pages hereto. | | |
| Item 2(d). | Title
of Class of Securities: Common
Stock, no par value (“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); |
| | (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). |

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CUSIP No . 981419104 Page 5 of 9

Item 4.
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:
	See
Item 9 on the cover page(s) hereto.
(b)	Percent
of class:
	See
Item 11 on the cover page(s) hereto.
(c)	Number
of shares as to which such person has:
	(i)	Sole
power to vote or to direct the vote:
		See
Item 5 on the cover page(s) hereto.
	(ii)	Shared
power to vote or to direct the vote:
		See
Item 6 on the cover page(s) hereto.
	(iii)	Sole
power to dispose or to direct the disposition of:
		See
Item 7 on the cover page(s) hereto.
	(iv)	Shared
power to dispose or to direct the disposition of 0
		See
Item 8 on the cover page(s) hereto.

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CUSIP No . 981419104 Page 6 of 9

| 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 |

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CUSIP No . 981419104 Page 7 of 9

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.

| CAS
INVESTMENT PARTNERS, LLC | |
| --- | --- |
| Date: | February
14, 2023 |
| By: | /s/
Clifford Sosin |
| Name: | Clifford
Sosin |
| Title: | Managing
Member |

| Clifford
Sosin | |
| --- | --- |
| Date: | February
14, 2023 |
| /s/ Clifford Sosin | |

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Page 8 of 9

EXHIBIT INDEX

EXHIBIT 1 : Joint Filing Agreement (filed herewith):

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