Management ChangeApr 15, 2026, 06:07 AM
World Acceptance CEO R. Chad Prashad Resigns
AI Summary
R. Chad Prashad resigned from his positions as President, Chief Executive Officer, and a member of the Board of Directors of World Acceptance Corporation, effective April 10, 2026. His departure is to pursue other opportunities and is not a result of any disagreement with the company. As part of a separation agreement, Mr. Prashad will receive a severance package including $1,260,000 in severance pay over 24 months and accelerated vesting of his outstanding time-based equity awards.
Key Highlights
- R. Chad Prashad resigned as President, CEO, and Board member.
- Resignation effective April 10, 2026, to pursue other opportunities.
- Departure not due to any disagreement with the company.
- Receives $1,260,000 in severance pay over 24 months.
- Outstanding time-based stock options and equity awards will vest immediately.