WORLD ACCEPTANCE CORP appointed John L. Calmes Jr. president and CEO effective September 21, with a $600,000 base salary and up to 100% annual incentive opportunity. Scott McIntyre becomes principal financial officer, while Calmes receives a guaranteed $300,000 fiscal 2027 Bonus and $500,000 additional long-term Equity grant, defining the Leadership and compensation terms investors will track.

Key Highlights

  • John L. Calmes Jr. will become President and Chief Executive Officer effective September 21, 2026.
  • Scott McIntyre will become Principal Financial Officer without a compensation change.
  • Calmes’ employment agreement includes a guaranteed $300,000 bonus for fiscal 2027 and a $500,000 long-term equity grant.

WORLD ACCEPTANCE CORP (NASDAQ: WRLD) will install John L. Calmes Jr. as president and chief executive officer on September 21. Scott McIntyre, 50, will take over as Principal Financial Officer, while J. Tobin Turner will be replaced in that reporting role. The leadership change is paired with a new employment agreement for Calmes.

CEO Role Takes Effect Sept 21

World Acceptance’s board appointed Calmes as president and chief executive officer on September 17, with the change becoming effective September 21. He joined the company in 2013 and most recently served as Executive Vice President, Chief Financial and Strategy Officer, and Treasurer, a position he had held since 2018. The agreement makes Calmes responsible for serving as president and CEO under the direction of the board. It runs through September 20, 2029, subject to its extension and termination provisions. The agreement also covers severance and change-in-control provisions, participation in other benefit programmes consistent with the company’s practices for senior executive officers, and restrictive covenants covering non-competition and non-solicitation.

Compensation Terms Set

Calmes will receive a yearly base salary of $600,000 under the agreement. His annual incentive target is no less than 50% of base salary and can reach 100% of base salary. The contract guarantees Calmes a $300,000 bonus for fiscal 2027. The agreement replaces Calmes’ existing employment agreement and other awards or incentives previously provided to him, except where the new terms expressly preserve them. The Board will review his base salary at least annually and may adjust it at its discretion. Calmes will work full time for World Acceptance and devote his Business time, attention and skill to the company and its affiliates, subject to specified charitable, speaking, community and Investment activities.

Finance Role Moves to McIntyre

He will continue serving as Senior Vice President of Accounting, a role he has held since 2018. McIntyre previously served as Vice President of Accounting-US from 2013 to 2018 and as Controller-US from 2011 to 2013. His compensation will not change in connection with the new designation. The filing states there were no arrangements or understandings pursuant to which Calmes was appointed or McIntyre was designated.