Unassociated Document
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) November
16, 2007
WORLD
ACCEPTANCE CORPORATION
(Exact
Name of Registrant as Specified in its Charter)
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)
(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 |
Written
communication pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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o |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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o |
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
November 12, 2007, the Board of Directors authorized the Company to repurchase
up to $10 million of the Company’s common stock. This
repurchase authorization follows, and is in addition to, similar repurchase
authorizations of $10 million announced July 27, 2007, and $10 million on August
2, 2007. After taking into account all shares repurchased through November
12,
2007, the Company has $11.5 million in aggregate remaining repurchase capacity
under all of the Company’s outstanding repurchase authorizations. The timing and
actual number of shares repurchased will depend on a variety of factors,
including the stock price, corporate and regulatory requirements and other
market and economic conditions. The Company’s stock 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: November
16, 2007 |
By: |
/s/ A.
A.
McLean |
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A.
A. McLean, Chief Executive Officer
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