form8-k.htm


SECURITIES AND EXCHANGE COMMISSION
 
Washington, DC 20549
 
 
FORM 8-K
 
 
CURRENT REPORT
 
PURSUANT TO SECTION 13 OR 15(D) OF THE
 
SECURITIES EXCHANGE ACT OF 1934

 
Date of Report (Date of earliest event reported) August 3, 2011

 
WORLD ACCEPTANCE CORPORATION
 
(Exact Name of Registrant as Specified in its Charter)
 
 
South Carolina
 
0-19599
 
57-0425114
(State or Other Jurisdiction of Incorporation)
 
(Commission File Number)
 
(I.R.S. Employer Identification No.)

 
108 Frederick Street
 
Greenville, South Carolina 29607
 
(Address of Principal Executive Offices)
 
(Zip Code)

 
(864) 298-9801
(Registrant’s Telephone Number, Including Area Code)
 
Not Applicable
(Former name or former address, if changed from last report)
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):
 
o
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c))
 


 
 

 
 
Item 5.07 Submission of Matters to a Vote of Security Holders.
 
World Acceptance Corporation, Inc. held its Annual Meeting of Shareholders on August 3, 2011. Of the 15,044,065 shares outstanding and entitled to vote, 13,491,944 shares were represented at the meeting, or an 89.68% quorum. The final results of voting for each matter submitted to a vote of shareholders at the meeting are as follows:
 
Proposal 1 — Election of Directors
 
Elected the following seven individuals to the Board of Directors to serve as directors for a term of one year until the Annual Meeting of Shareholders in 2012, or until their successors have been duly elected and qualified:
 
   
Votes
Cast For
   
Votes
Withheld
   
Votes
Abstained
   
Broker
Non-Votes
 
                                 
Ken R. Bramlett, Jr.
   
12,384,864
     
119,715
     
-
     
987,365
 
                                 
James R. Gilreath
   
12,338,883
     
165,696
     
-
     
987,365
 
                                 
William S. Hummers IIII
   
12,354,824
     
149,755
     
-
     
987,365
 
                                 
A. Alexander McLean III
   
12,358,737
     
145,842
     
-
     
987,365
 
                                 
Scott J. Vassalluzzo
   
12,425,332
     
79,247
     
-
     
987,365
 
                                 
Charles D. Way
   
12,368,378
     
136,201
     
-
     
987,365
 
                                 
Darrell E. Whitaker
   
12,396,563
     
108,016
     
-
     
987,365
 
 
 
 

 
 
Proposal 2 — Ratification of Appointment of Independent Auditors
 
Ratified the selection of KPMG, LLP as independent auditors for the year ending March 31, 2012:
 
For
 
Against
 
Abstain
 
Broker Non-Votes
13,415,532
 
70,719
 
5,693
 
0

Proposal  3 — Approval of the 2011 Stock Option Plan

Approve d the 2011 Stock Option Plan:

For
 
Against
 
Abstain
 
Broker Non-Votes
11,656,293
 
755,641
 
92,645
 
987,365

Proposal  4 — Approval, on an advisory basis, of the executive compensation of the Company

Approved, on an advisory basis, the executive compensation of the Company:
 
For
 
Against
 
Abstain
 
Broker Non-Votes
12,224,666
 
163,706
 
116,207
 
987,365
 
Proposal  5 — Advisory vote to recommend the frequency of the executive compensation vote

Recommend, on an advisory basis,  the frequency of the shareholder vote on the executive compensation of the Company:
 
Every Year
 
Every 2 Years
 
Every 3 Years
 
Abstain
 
Broker Non-Votes
6,180,026
 
72,439
 
6,114,541
 
137,573
 
987,365
 
Based on these results, and consistent with the Company's Board of Directors' recommendation, the Company has determined that it will hold the advisory shareholder vote on the Company's executive compensation on an annual basis until the next advisory vote on the frequency of the shareholder vote on executive compensation occurs.
 
 
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.

 
WORLD ACCEPTANCE CORPORATION
 
(Registrant)
 
Date:  August 3, 2011
   
 
By:
/s/ Kelly M. Malson
   
Kelly M. Malson
   
Senior Vice President and Chief Financial Officer