World Acceptance Corporation Announces Planned Retirement of Chief Financial Officer

  World Acceptance Corporation Announces Planned Retirement of Chief Financial

Business Wire

GREENVILLE, S.C. -- September 10, 2013

World Acceptance Corporation (NASDAQ:WRLD) today announced that Kelly M.
Malson plans to retire from her position as Senior Vice President and Chief
Financial Officer of the Company. The Company will initiate a search for a new
CFO, and the exact timing of Ms. Malson’s departure will depend on the
Company’s process forfinding a successor. Malson’s eight-year tenure with the
Company began in 2005, and she has served as the Company’s Chief Financial
Officer of the since March 2006.

“I want to thank Kelly for her service and many valuable contributions to our
Company as CFO and a key member of our senior management team,” said Sandy
McLean, the Company’s Chairman and Chief Executive Officer. “Her leadership
and dedication have been critical to our success and the development of our
finance function and team. Although we are sorry to see her leave, we respect
Kelly’s decision and desire to pursue other objectives and wish her all the
best in those endeavors.”

“I am honored to be a part of the World Acceptance team and to have had the
opportunity to work together with so many talented and dedicated colleagues to
grow our Company and position it for continued success,” said Malson. “I look
forward to supporting the Company in a smooth transition and thereafter
pursuing other life objectives.”

About World Acceptance Corporation

World Acceptance Corporation is one of the largest small-loan consumer finance
companies, operating 1,221 offices in 13 states and Mexico. It is also the
parent company of ParaData Financial Systems, a provider of computer software
solutions for the consumer finance industry.

Forward-Looking Statements

This press release contains various “forward-looking statements” within the
meaning of Section 21E of the Securities Exchange Act of 1934 that represent
the Company’s expectations or beliefs concerning future events. Statements
other than those of historical fact, as well as those identified by the use of
words such as “expects,” “intends,” “if,” “can,” “anticipates,” “estimate,”
“plans,” “believe,” “may,” “will,” “should,” and any variations of the
foregoing and similar expressions, are forward-looking statements. Factors
that could cause actual results, performance or outcomes to differ from the
expectations expressed or implied in such forward-looking statements are the
following: the timing and outcome of the Company’s efforts to find a
replacement chief financial officer; recently enacted, proposed or future
legislation and the manner in which it is implemented; the nature and scope of
regulatory authority, particularly discretionary authority, that may be
exercised by regulators having jurisdiction over the Company’s business or
consumer financial transactions generically; the impact of changes in
accounting rules and regulations, or their interpretation or application, or
determinations made in connection with the preparation or audit of the
Company’s financial statements, which could materially and adversely affect
the Company’s reported financial statements, or necessitate material delays or
changes in the issuance of the Company’s audited financial statements; the
Company’s assessment of its internal control over financial reporting and the
timing and effectiveness of the Company's efforts to remediate any reported
material weakness in its internal control over financial reporting, which
could lead to the Company to report further or unremediated material
weaknesses in its internal control over financial reporting; changes in
interest rates; risks relating to expansion and foreign operations; risks
inherent in making loans, including repayment risks and value of collateral;
the timing and amount of revenues that may be recognized by the Company;
changes in current revenue and expense trends (including trendsaffecting
delinquency and charge-offs); changes in the Company’s markets and general
changes in the economy (particularly in the markets served by the Company);
and the unpredictable nature of litigation. Many of these and other risks are
discussed in more detail in the “Risk Factors” section and other portions of
the Company’s Form 10-K/A for the fiscal year ended March 31, 2013, as filed
with the SEC on July 19, 2013, as amended and supplemented, and in the
Company’s other filings made from time to time with the SEC. The Company does
not undertake any obligation to update any forward-looking statements it
makes. The Company is also not responsible for updating the information
contained in this press release beyond the publication date, or for changes
made to this document by wire services or Internet services.


World Acceptance Corporation
Sandy McLean, 864-298-9800
Chief Executive Officer
Kelly M. Malson, 864-298-9800
Chief Financial Officer
Press spacebar to pause and continue. Press esc to stop.