WORLD ACCEPTANCE CORP — Major Shareholding Notification 2024

Feb 14, 2024

SC 13G/A 1 wrld-13ga_021424.htm AMENDMENT TO FORM SC 13G

Field: Rule-Page

Field: /Rule-Page

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934*

(Amendment No. 8)*

World Acceptance Corporation

Field: Rule-Page

Field: /Rule-Page

(Name of Issuer)

Common Stock, no par value

Field: Rule-Page

Field: /Rule-Page

(Title of Class of Securities)

981419104

Field: Rule-Page

Field: /Rule-Page

(CUSIP Number)

December 31, 2023

Field: Rule-Page

Field: /Rule-Page

(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).

Field: Rule-Page

Field: /Rule-Page

Field: Page; Sequence: 1; Options: NewSection

Field: /Page

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 562,491 (1) |
| | 6 | SHARED
VOTING POWER 0 |
| | 7 | SOLE
DISPOSITIVE POWER 562,491 (1) |
| | 8 | SHARED
DISPOSITIVE POWER 0 |
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 562,491 (1) | |
| 10 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES | ☐ |
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.0% (1)(2) | |
| 12 | TYPE
OF REPORTING PERSON IA,
OO | |

Field: Rule-Page

Field: /Rule-Page

(1) As of December 31, 2023, Sosin Master, L.P. (“ Sosin Master ”) owned 388,960 shares of Common Stock of the Issuer and CSWR Partners, L.P. (“ CSWR ”) owned 173,531 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 6,224,831 shares outstanding as of October 27, 2023 as set forth in the Issuer’s most recent Form 10-Q filed with the Securities and Exchange Commission on November 3, 2023.

Field: Page; Sequence: 2

Field: /Page

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 562,491 (1) |
| | 7 | SOLE
DISPOSITIVE POWER 0 |
| | 8 | SHARED
DISPOSITIVE POWER 562,491 (1) |
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 562,491 (1) | |
| 10 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES | ☐ |
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.0% (1)(2) | |
| 12 | TYPE
OF REPORTING PERSON IN;
HC | |

Field: Rule-Page

Field: /Rule-Page

(1) As of December 31, 2023, Sosin Master owned 388,960 shares of Common Stock of the Issuer and CSWR owned 173,531 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 6,224,831 shares outstanding as of October 27, 2023 as set forth in the Issuer’s most recent 10-Q filed with the Securities and Exchange Commission on November 3, 2023.

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

Field: Page; Sequence: 3

Field: /Page

CUSIP No . 981419104 Page 4 of 9

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

Item 1(b). Address of Issuer’s Principal Executive Offices: 104 S Main Street, Greenville, South Carolina 29601

| | Name
of Person Filing: This
Schedule 13G/A is being filed with respect to an aggregate of 562,491 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. |
| --- | --- |
| Item
2(a). | 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).

Field: Page; Sequence: 4

Field: /Page

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.

Field: Page; Sequence: 5

Field: /Page

CUSIP No . 981419104 Page 6 of 9

Item 5.
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.
Not applicable.

Item 7.
Not applicable

Item 8.
Not applicable.

Item 9.
Not applicable

Field: Page; Sequence: 6

Field: /Page

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, 2024 |
| By: | /s/ Clifford Sosin |
| Name: | Clifford Sosin |
| Title: | Managing Member |

Clifford Sosin
Date:	February
14, 2024
/s/ Clifford Sosin

Field: Page; Sequence: 7

Field: /Page

Page 8 of 9

EXHIBIT INDEX

EXHIBIT 1: Joint Filing Agreement (filed herewith):

Field: Page; Sequence: 8

Field: /Page