UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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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):
Securities registered pursuant to Section 12(b) of the Act:
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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
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Description |
104 |
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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.
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NICHOLAS FINANCIAL, INC. |
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(Registrant) |
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Date: March 1, 2024 |
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/s/ Irina Nashtatik |
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Irina Nashtatik |
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Chief Financial Officer (Principal Financial Officer) |
Document and Entity Information |
Mar. 01, 2024 |
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| 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 |