Amended Statement of Ownership (sc 13g/a)
November 27 2020 - 6:02AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934*
(Amendment No. 4)*
World Acceptance Corporation
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(Name of Issuer)
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Common Stock, no par value
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(Title of Class of Securities)
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981419104
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(CUSIP Number)
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November 6, 2020
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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 11
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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 States 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
707,768
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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
707,768
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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
707,768
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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
10.3%(1)(2)(3)
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12
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TYPE OF REPORTING PERSON
IA
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(1)
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As of November 6, 2020, Sosin Master, L.P (the “Fund”) and CSWR Partners, L.P. owned
an aggregate of 707,768 shares of Common Stock of the Issuer. Clifford Sosin is the Managing Member of CAS Investment Partners,
LLC, and CAS Investment Partners, LLC is the investment manager of CSWR Partners, L.P. and of the Fund, in which such shares referred
to above are held. As a result, CAS Investment Partners, LLC and Clifford Sosin possess the power to vote and dispose or direct
the disposition of all the shares owned by the Fund and CSWR Partners, L.P. Thus, CAS Investment Partners, LLC and Clifford Sosin
may be deemed to beneficially own a total of 707,768 shares.
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(2)
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Based on a total of 6,872,921 shares outstanding as of October 30, 2020 as set forth in the Issuer’s
most recent 10-Q, filed November 6, 2020.
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(3)
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This filing, as of the date indicated on its front page, was not the result of an additional acquisition
of shares from the number previously reported in a filing made by the Fund, CSWR Partners, L.P, CAS Investment Partners, LLC and
Clifford Sosin on February 14, 2020. The event that resulted in this filing was the disclosure of a change in the outstanding shares
in the Issuer’s most recent 10-Q, filed November 6, 2020.
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CUSIP No.
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981419104
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Page 3 of 11
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1
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NAME OF REPORTING PERSONS
Sosin Master, LP
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(ENTITIES ONLY) EIN:
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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 States 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
478,061
|
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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
478,061
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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
478,061
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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
6.8%(1)(2)(3)
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12
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TYPE OF REPORTING PERSON
PN
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(1)
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As of November 6, 2020, Sosin Master, L.P (the “Fund”) and CSWR Partners, L.P. owned
an aggregate of 707,768 shares of Common Stock of the Issuer. Clifford Sosin is the Managing Member of CAS Investment Partners,
LLC, and CAS Investment Partners, LLC is the investment manager of CSWR Partners, L.P and of the Fund, in which such shares referred
to above are held. As a result, CAS Investment Partners, LLC and Clifford Sosin possess the power to vote and dispose or direct
the disposition of all the shares owned by the Fund and CSWR Partners, L.P. Thus, CAS Investment Partners, LLC and Clifford Sosin
may be deemed to beneficially own a total of 707,768 shares.
|
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(2)
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Based on a total of 6,872,921 shares outstanding as of October 30, 2020 as set forth in the Issuer’s
most recent 10-Q, filed November 6, 2020.
|
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(3)
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This filing, as of the date indicated on its front page, was not the result of an additional acquisition
of shares from the number previously reported in a filing made by the Fund, CSWR Partners, L.P, CAS Investment Partners, LLC and
Clifford Sosin on February 14, 2020. The event that resulted in this filing was the disclosure of a change in the outstanding shares
in the Issuer’s most recent 10-Q, filed November 6, 2020.
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CUSIP No.
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981419104
|
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Page 4 of 11
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1
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NAME OF REPORTING PERSONS
CSWR Partners, L.P.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(ENTITIES ONLY) EIN: 83-3990390
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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 States 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
229,245
|
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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
229,245
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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
229,245
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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
3.2%(1)(2)(3)
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12
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TYPE OF REPORTING PERSON
PN
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|
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(1)
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As of November 6, 2020, Sosin Master, L.P (the “Fund”) and CSWR Partners, L.P. owned
an aggregate of 707,768 shares of Common Stock of the Issuer. Clifford Sosin is the Managing Member of CAS Investment Partners,
LLC, and CAS Investment Partners, LLC is the investment manager of CSWR Partners, L.P and of the Fund, in which such shares referred
to above are held. As a result, CAS Investment Partners, LLC and Clifford Sosin possess the power to vote and dispose or direct
the disposition of all the shares owned by the Fund and CSWR Partners, L.P. Thus, CAS Investment Partners, LLC and Clifford Sosin
may be deemed to beneficially own a total of 707,768 shares.
|
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(2)
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Based on a total of 6,872,921 shares outstanding as of October 30, 2020 as set forth in the Issuer’s
most recent 10-Q, filed November 6, 2020.
|
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(3)
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This filing, as of the date indicated on its front page, was not the result of an additional acquisition
of shares from the number previously reported in a filing made by the Fund, CSWR Partners, L.P, CAS Investment Partners, LLC and
Clifford Sosin on February 14, 2020. The event that resulted in this filing was the disclosure of a change in the outstanding shares
in the Issuer’s most recent 10-Q, filed November 6, 2020.
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CUSIP No.
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981419104
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Page 5 of 11
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1
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NAME OF REPORTING PERSONS
Clifford Sosin†
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(ENTITIES ONLY) EIN:
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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
United States of America
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH:
|
5
|
SOLE VOTING
0
|
|
6
|
SHARED VOTING POWER
707,768
|
|
7
|
SOLE DISPOSITIVE POWER
0
|
|
8
|
SHARED DISPOSITIVE POWER
707,768
|
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
707,768
|
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
|
☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.3%(1)(2)(3)
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12
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TYPE OF REPORTING PERSON
IN
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|
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(1)
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As of November 6, 2020, Sosin Master, L.P (the “Fund”) and CSWR Partners, L.P. owned
an aggregate of 707,768 shares of Common Stock of the Issuer. Clifford Sosin is the Managing Member of CAS Investment Partners,
LLC, and CAS Investment Partners, LLC is the investment manager of CSWR Partners, L.P and of the Fund, in which such shares referred
to above are held. As a result, CAS Investment Partners, LLC and Clifford Sosin possess the power to vote and dispose or direct
the disposition of all the shares owned by the Fund and CSWR Partners, L.P. Thus, CAS Investment Partners, LLC and Clifford Sosin
may be deemed to beneficially own a total of 707,768 shares.
|
|
(2)
|
Based on a total of 6,872,921 shares outstanding as of October 30, 2020 as set forth in the Issuer’s
most recent 10-Q, filed November 6, 2020.
|
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(3)
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This filing, as of the date indicated on its front page, was not the result of an additional acquisition
of shares from the number previously reported in a filing made by the Fund, CSWR Partners, L.P, CAS Investment Partners, LLC and
Clifford Sosin on February 14, 2020. The event that resulted in this filing was the disclosure of a change in the outstanding shares
in the Issuer’s most recent 10-Q, filed November 6, 2020.
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†
Mr. Sosin disclaims any beneficial ownership of the shares.
CUSIP No.
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981419104
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Page 6 of 11
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Item 1(a).
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Name of Issuer:
World Acceptance Corporation
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Item 1(b).
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Address of Issuer’s Principal Executive Offices:
104 S Main Street, Greenville, South Carolina 29601
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Item 2(a).
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Name of Person Filing:
This Schedule 13G is being filed with respect
to shares of Common Stock of the Issuer which are beneficially owned by CAS Investment Partners, LLC, Sosin Master, LP, CSWR Partners,
L.P. and Clifford Sosin. As of November 6, 2020, Sosin Master, LP (the “Fund”) and CSWR Partners, L.P. owned an aggregate
of 707,768 shares of Common Stock of the Issuer. Clifford Sosin is the Managing Member of CAS Investment Partners, LLC, and CAS
Investment Partners, LLC is the investment manager of CSWR Partners, L.P and of the Fund, in which such shares referred to above
are held. As a result, CAS Investment Partners, LLC and Clifford Sosin possess the power to vote and dispose or direct the disposition
of all the shares owned by the Fund and CSWR Partners, L.P. Thus, CAS Investment Partners, LLC and Clifford Sosin may be deemed
to beneficially own a total of 707,768 shares. This filing, as of the date indicated on its front page, was not the result of an
additional acquisition of shares from the number previously reported in a filing made by the Fund, CSWR Partners, L.P, CAS Investment
Partners, LLC and Clifford Sosin on February 14, 2020.
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Item 2(b).
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Address of Principal Business Office or, if None, Residence:
135 E 57th Street, Suite 18-108
New York, NY 10022
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Item 2(c).
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Citizenship:
See Item 4 on the cover pages hereto.
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Item 2(d).
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Title of Class of Securities:
Common Stock, no par value
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Item 2(e).
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CUSIP Number: 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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(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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CUSIP No.
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981419104
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Page 7 of 11
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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:
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See Item 9 on the cover page(s) hereto.
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(b)
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Percent of class:
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See Item 11 on the cover page(s) hereto.
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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:
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See Item 5 on the cover page(s) hereto.
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(ii)
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Shared power to vote or to direct the vote:
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See Item 6 on the cover page(s) hereto.
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(iii)
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Sole power to dispose or to direct the disposition of:
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See Item 7 on the cover page(s) hereto.
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(iv)
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Shared power to dispose or to direct the disposition of 0
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See Item 8 on the cover page(s) hereto.
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CUSIP No.
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981419104
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Page 8 of 11
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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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CUSIP No.
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981419104
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Page 9 of 11
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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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CAS INVESTMENT PARTNERS, LLC
Date: November
23, 2020
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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:
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Managing Member
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SOSIN MASTER, LP
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Date: November 23, 2020
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By:
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Sosin, LLC
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its General Partner
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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:
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Managing Member of CAS Investment Partners, LLC, Investment Adviser of Sosin Master, LP
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CSWR PARTNERS, LP
Date: November 23, 2020
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By:
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Sosin, LLC
its General Partner
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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:
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Managing Member of CAS Investment Partners, LLC, Investment Adviser of CSWR Partners, L.P.
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/s/ Clifford Sosin
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Clifford Sosin
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Page 10 of 11
EXHIBIT INDEX
EXHIBIT 1: Joint Filing Agreement (filed herewith):
Page 11 of 11
EXHIBIT 1
JOINT ACQUISITION STATEMENT
The undersigned acknowledge and agree that
the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this
statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint
acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments,
and for the completeness and accuracy of the information concerning him, her or it contained therein, but shall not be responsible
for the completeness and accuracy of the information concerning the other entities or persons, except to the extent that he, she
or it knows or has reason to believe that such information is inaccurate.
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CAS INVESTMENT PARTNERS, LLC
Date: November
23, 2020
|
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|
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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:
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Managing Member
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SOSIN MASTER, LP
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Date: November 23, 2020
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By:
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Sosin, LLC
|
|
|
its General Partner
|
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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:
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Managing Member of CAS Investment Partners, LLC, investment adviser of Sosin Master, LP
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CSWR PARTNERS, LP
Date: November 23, 2020
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By:
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Sosin, LLC
its General Partner
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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:
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Managing Member of CAS Investment Partners, LLC, investment adviser of CSWR Partners, L.P.
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/s/ Clifford Sosin
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Clifford Sosin
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