Statement of Ownership (sc 13g)
February 10 2017 - 5:06PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under
the Securities Exchange Act of 1934*
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World
Acceptance Corporation
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(Name
of Issuer)
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Common
Stock
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(Title
of Class of Securities)
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981419104
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(CUSIP
Number)
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February
2, 2017
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(Date
of Event Which Requires Filing of this Statement)
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Check
the appropriate box to designate the rule pursuant to which this Schedule is filed:
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☐
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Rule
13d-1(b)
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☒
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Rule
13d-1(c)
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☐
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Rule
13d-1(d)
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*
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).
CUSIP
No
.
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981419104
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Page
2 of 5
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1
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NAME
OF REPORTING PERSONS
CAS Investment Partners, LLC
I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS
(ENTITIES ONLY) EIN: 46-0901365
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
☐
(b)
☐
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3
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SEC
USE ONLY
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4
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CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware,
United State of America
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NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH:
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5
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SOLE
VOTING
470000*
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6
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SHARED
VOTING POWER
0
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7
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SOLE
DISPOSITIVE POWER
470000*
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8
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SHARED
DISPOSITIVE POWER
0
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9
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
470000*
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10
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CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
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☐
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11
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.35%*+
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12
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TYPE
OF REPORTING PERSON
OO
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*As
of February 9, 2017, Sosin Partners, L.P. (the “Fund”) owned an aggregate of 470,000 shares of Common Stock of the
Issuer. CAS Investment Partners, LLC, is the investment manager of the Fund in which such shares referred to above are held. As
a result, CAS Investment Partners, LLC, possesses the power to vote and dispose or direct the disposition of all the shares owned
by the Fund. Thus, CAS Investment Partners, LLC, may be deemed to beneficially own a total of 470,000 shares.
+
Based on a total of 8,783,197 shares outstanding as of January 30, 2017, as set forth in the Issuer’s most recent
Form 10-Q, filed February 6, 2017.
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CUSIP
No
.
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981419104
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Page
3 of 5
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Item 1(a).
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Name
of Issuer:
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World
Acceptance Corporation
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Item 1(b).
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Address
of Issuer’s Principal Executive Offices:
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108 Frederick Street
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Greenville,
South Carolina 29607
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Item 2(a).
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Name
of Person Filing:
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CAS Investment Partners, LLC
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This
Schedule is being filed by CAS Investments Partners, LLC with respect to shares of common stock of the above-name issuer owned
by CAS Investments Partners, LLC. Clifford Sosin is the Managing Member of CAS Investment Partners, LLC
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Item 2(b).
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Address
of Principal Business Office or, if None, Residence:
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8 Wright
Street, 1
st
FL Westport, Connecticut 06880
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Item 2(c).
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Citizenship:
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United
States
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Item 2(d).
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Title
of Class of Securities:
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Common
Stock
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Item 2(e).
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CUSIP
Number:
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981419104
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Item 3.
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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:
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(a)
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☐
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Broker
or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
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(b)
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☐
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Bank as defined
in Section 3(a)(6) of the Act (15 U.S.C. 78c).
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(c)
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☐
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Insurance company
as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
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(d)
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☐
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Investment company
registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
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(e)
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☐
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An investment adviser
in accordance with §240.13d-1(b)(1)(ii)(E);
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CUSIP
No
.
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981419104
|
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Page 4
of 5
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(f)
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☐
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An
employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
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(g)
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☐
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A parent holding
company or control person in accordance with §240.13d-1(b)(ii)(G);
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(h)
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☐
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A savings association
as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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(i)
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☐
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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);
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(j)
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☐
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Group, in accordance
with §240.13d-1(b)(1)(ii)(J).
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Item 4.
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Ownership.
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Provide
the following information regarding the aggregate number and percentage of the class of securities of the issuer identified
in Item 1.
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(a)
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Amount
beneficially owned: 470,000*
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(b)
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Percent
of class: 5.35%*+
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(c)
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Number
of shares as to which such person has:
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(i)
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Sole power to vote
or to direct the vote 470,000*
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(ii)
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Shared power to
vote or to direct the vote 0
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(iii)
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Sole power to dispose
or to direct the disposition of 470,000*
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(iv)
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Shared power to
dispose or to direct the disposition of 0
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CUSIP
No
.
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981419104
|
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Page 5
of 5
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Item
5.
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Ownership
of Five Percent or Less of a Class.
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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 ☐
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Item 6.
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Ownership of
More than Five Percent on Behalf of Another Person.
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Not applicable
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Item 7.
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Identification
and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control
Person.
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Not applicable
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Item 8.
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Identification
and Classification of Members of the Group.
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Not applicable
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Item 9.
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Notice of Dissolution
of Group.
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Not applicable
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Item 10.
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Certification.
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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.
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Date:
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February
10, 2017
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Signature:
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/s/ Clifford
Sosin
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Name:
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Clifford
Sosin
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CAS
INVESTMENT PARTNERS, LLC
Date: February
10, 2017
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By:
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/s/ Clifford
Sosin
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Name:
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Clifford
Sosin
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Title:
|
Managing
Member
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