A. Alexander (Sandy) McLean III served as the CEO of World Acceptance Corporation from 2006 until his retirement in 2015. He has a long history with the company, starting in 1989 as Chief Financial Officer and working his way up...

A. Alexander (Sandy) McLean III served as the CEO of World Acceptance Corporation from 2006 until his retirement in 2015. He has a long history with the company, starting in 1989 as Chief Financial Officer and working his way up to CEO after serving as Executive Vice President. Under his leadership, the company focused on many performance metrics like earnings per share and expense control, tying his pay directly to the company's success. In fiscal year 2014, he earned a total compensation package of $1,067,180, which included a significant bonus based on the company's performance. McLean's leadership was marked by steady growth for World Acceptance, which specializes in financial services. He transitioned the company during a period of change and left it in the hands of his successor, Janet Matricciani, as part of a succession plan he helped establish. Apart from his role at World Acceptance, he also has a rich background in community service, having served on various boards including the United Way of Greenville County and the Cancer Society of Greenville County.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other World Acceptance CEOs

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A. Alexander (Sandy) McLean III

Ex-CEO of World Acceptance

Education

Not specified

Field of Expertise

Finance & Banking - Financial Services

Sector of Economy

Financial Services

Born

February 15, 1968 - 57 years ago

CEO of World Acceptance for

8 years 5 months (Apr 2007 - Sep 2015)

Previous Experience

CEO of Antenna International, Senior Vice President of Corporate Development for K12 Inc.

Rivals

Competitors/colleagues of A. Alexander (Sandy) McLean III

Holdings

See how much did A. Alexander (Sandy) McLean III make over time.

During his tenure at World Acceptance, Sandy McLean's wealth was largely tied to the company's stock. At one point, McLean held over $760,000 worth of shares, reflecting how his financial success was linked directly to the company's performance. In 2011,...

During his tenure at World Acceptance, Sandy McLean's wealth was largely tied to the company's stock. At one point, McLean held over $760,000 worth of shares, reflecting how his financial success was linked directly to the company's performance. In 2011, much of his compensation stemmed from stock options, emphasizing his commitment to aligning his interests with those of shareholders. By 2014, fluctuations in the stock price impacted his holdings, showcasing the risks of being deeply invested in one's company. After leaving his role in 2015, he retained significant equity in the company, which reflected his long-term investment strategy and belief in World Acceptance's direction even beyond his CEO term.

Total Stock Sold

$6.17M

WRLD

$6.17M

90,240 WRLD shares

What if they kept their stock?

If A. Alexander (Sandy) McLean III didn't sell their stock, today they would have:
Extra WRLD90,240 shares worth $5.32M.
This is -13.83% and $853.45K less than what they got when they sold the stock.

Charitable Transactions

WRLD

6,391 shares

WRLD

Recent Charitable Transactions

WRLD

1,200 shares

WRLD

Dec 11, 2014

Charity

WRLD

1,380 shares

WRLD

Dec 10, 2013

Charity

WRLD

520 shares

WRLD

Aug 6, 2013

Charity

WRLD

290 shares

WRLD

May 3, 2013

Charity

WRLD

251 shares

WRLD

Dec 19, 2012

Charity

WRLD

2,750 shares

WRLD

Dec 17, 2012

Charity

Insider Trading

See recent insider trades of A. Alexander (Sandy) McLean III.

WRLD

1,200 shares

WRLD

Dec 11, 2014

Charity

WRLD

$399.60K

WRLD at $80.00/share

May 22, 2014

Sale

WRLD

1,380 shares

WRLD

Dec 10, 2013

Charity

WRLD

520 shares

WRLD

Aug 6, 2013

Charity

WRLD

290 shares

WRLD

May 3, 2013

Charity

WRLD

$323.65K

WRLD at $79.04/share

Mar 5, 2013

Sale

WRLD

$819.06K

WRLD at $79.01/share

Feb 28, 2013

Sale

WRLD

$421.75K

WRLD at $79.07/share

Feb 25, 2013

Sale

WRLD

$414.01K

WRLD at $79.54/share

Feb 20, 2013

Sale

WRLD

50,000 shares

WRLD

Feb 5, 2013

Received

Compensation History

See how much did A. Alexander (Sandy) McLean III make over time.

Sandy McLean's compensation varied over the years, heavily influenced by the company's performance. His base salary was around $450,000, with bonuses and other compensation adding to his total. Notably, he received no bonuses in years when performance metrics weren't met. In contrast, in fiscal year 2014, he earned over $1 million, a significant jump thanks to a performance-based bonus system, showcasing how his success was tied to the company's earnings. His compensation reflected the company's emphasis on performance metrics focused on growth and expense control. This clear link between pay and performance was intended to drive executive accountability and alignment with shareholder interests.

Year

2015

Total Compensation

$523.63K

Salary

$454.48K

Board Justification

The compensation philosophy is designed to attract and retain qualified executives while aligning their interests with those of shareholders through performance-based compensation.

Bonus

$0.00

Board Justification

No bonus was awarded for the fiscal year 2015 as the performance metrics were not met.

Other

$69.15K

Board Justification

Other compensation includes benefits such as life insurance premiums and contributions to the 401(k) plan.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2015 as the focus was on performance-based compensation and no stock grants were mentioned for this year.

Performance Metrics

The performance metrics for the fiscal year 2015 were based on the achievement of pre-established annual goals related to earnings per share, loan growth, expense control, and loan charge-offs.

Other World Acceptance CEOs

Here are other CEOs of World Acceptance

Janet Lewis Matricciani

Ex-CEO of World Acceptance

October 2015 - January 2018