UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date of
Report (Date of earliest event reported) December 8, 2009
WORLD ACCEPTANCE
CORPORATION
(Exact
Name of Registrant as Specified in its Charter)
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South
Carolina
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0-19599
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57-0425114
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(State
or Other Jurisdiction
of
Incorporation)
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(Commission
File Number)
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(I.R.S.
Employer
Identification
No.)
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108
Frederick Street
Greenville, South Carolina
29607
(Address
of Principal Executive Offices)
(Zip
Code)
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(864)
298-9801
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(Registrant’s
Telephone Number, Including Area
Code)
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Not
Applicable
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(Former
name or former address, if changed from last
report)
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Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General
Instruction A.2. below):
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o
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Written
communication pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4c))
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Item
8.01. Other Events.
On
December 7, 2009, the Board of Directors authorized the Company to repurchase up
to an additional $25.0 million of the Company’s convertible senior subordinated
notes payable (the “Convertible Notes”). After taking into account all
convertible notes the Company has repurchased through December 7, 2009, the
Company has $25.0 million in aggregate remaining repurchase capacity under all
of the Company’s outstanding convertible note repurchase authorizations. The
timing and actual number of convertible notes repurchased will depend on a
variety of factors, including the price of the Convertible Notes, corporate and
regulatory requirements and other market and economic conditions. The Company’s
Convertible Notes repurchase program may be suspended or discontinued at any
time.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
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World
Acceptance Corporation
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Date: December
8, 2009
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By:
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/s/ Kelly M. Malson
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Kelly
M. Malson, Senior Vice President and
Chief
Financial Officer
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