false000100004500010000452024-03-012024-03-01

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) March 1, 2024

 

NICHOLAS FINANCIAL, INC.

(Exact name of registrant as specified in its Charter)

 

 

 

 

 

 

 

British Columbia, Canada

 

0-26680

59-2506879

(State or Other Jurisdiction of

Incorporation or Organization)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

 

26133 US 19 North, Suite 300

Clearwater, Florida

 

33763

(Address of Principal Executive Offices)

 

(Zip Code)

(727) 726-0763

(Registrant’s telephone number, Including area code)

Not applicable

(Former name, former address and former fiscal year, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange on which registered

Common Stock

 

NICK

 

NASDAQ

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On March 1, 2024, Nicholas Financial, Inc. (the “Company”) announced the mutual extension of the term of Michael Rost’s Employment Agreement, as amended (the “Employment Agreement”), through May 31, 2024, which extension was undertaken in accordance with the previously disclosed terms of the Employment Agreement. All of the terms of the Employment Agreement otherwise remain unchanged, including that the Company and Mr. Rost may mutually extend the term of the Employment Agreement for one more separate extension for an additional period of three months. The material terms of Mr. Rost’s Employment Agreement are disclosed in the Company’s Form 8-K filed on September 15, 2022 and in the Company’s Form 8-K filed on August 15, 2023.

 

Item 9.01 Financial Statements and Exhibits

 

Exhibit #

 

Description

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

 

 

 

 

 

 

NICHOLAS FINANCIAL, INC.

 

 

 

(Registrant)

 

 

 

 

 

 

 

 

Date: March 1, 2024

 

 

/s/ Irina Nashtatik

 

 

 

Irina Nashtatik

 

 

 

Chief Financial Officer

(Principal Financial Officer)

 

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Document and Entity Information
Mar. 01, 2024
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Mar. 01, 2024
Entity Registrant Name NICHOLAS FINANCIAL, INC.
Entity Central Index Key 0001000045
Entity File Number 0-26680
Entity Tax Identification Number 59-2506879
Entity Incorporation, State or Country Code Z4
Entity Address, Address Line One 26133 US 19
Entity Address, Address Line Two North, Suite 300
Entity Address, City or Town Clearwater
Entity Address, State or Province FL
Entity Address, Postal Zip Code 33763
City Area Code 727
Local Phone Number 726-0763
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock
Trading Symbol NICK
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
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