8-K
OLD MARKET CAPITAL Corp (OMCC)
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) January 31, 2020
NICHOLAS FINANCIAL, INC.
(Exact name of registrant as specified in its Charter)
| British Columbia, Canada | 0-26680 | 59-2506879 |
|---|---|---|
| (State or Other Jurisdiction of<br><br><br>Incorporation or Organization) | (Commission<br><br><br>File Number) | (I.R.S. Employer<br><br><br>Identification No.) |
| 2454 McMullen Booth Road, Building C<br><br><br>Clearwater, Florida | 33759 | |
| --- | --- | |
| (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<br><br><br>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 8.01 | Other Events. |
|---|
On January 31, 2020 Nicholas Financial, Inc. (the “Company”) issued a press release announcing the Company’s partnership with DealerCenter as a Preferred Lender. A copy of this press release is attached hereto as Exhibit 99.1.
The information included in this Current Report on Form 8-K (including Exhibit 99.1 hereto) is furnished pursuant to this Item 8.01 and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. In addition, the information included in this Current Report on Form 8-K (including Exhibit 99.1 hereto) shall not be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference into such filing.
| Item 9.01 | Financial Statements and Exhibits |
|---|---|
| Exhibit # | Description |
| --- | --- |
| 99.1 | Press release dated January 31, 2020 |
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: January 31, 2020 | /s/ Douglas Marohn | |
| Douglas Marohn | ||
| President and Chief Executive Officer<br><br><br>(Principal Executive Officer) |
nick-ex991_6.htm
Exhibit 99.1
 |
FOR IMMEDIATE RELEASE | |
|---|---|---|
| Nicholas | Contact: Doug Marohn | NASDAQ: NICK |
| Nicholas Financial, Inc.<br><br><br>Corporate Headquarters<br><br><br>2454 McMullen-Booth Rd.<br><br><br>Building C, Suite 501<br><br><br>Clearwater, FL 33759 | CEO<br><br><br>Ph # (727)-726-0763 | Web site: www.nicholasfinancial.com |
Nicholas Financial Announces Partnership with DealerCenter
Nicholas Financial, Inc. strengthens position as the Independent Dealer’s Local Lending Partner by becoming a
Preferred Lender on DealerCenter
January 31, 2020 – Clearwater, Florida - Nicholas Financial, Inc. (NASDAQ: NICK) – an industry leading branch-based subprime auto leader focused on servicing the needs of the local independent dealer – announces with great enthusiasm its newly formed partnership with DealerCenter. DealerCenter is a top-rated cloud-based dealer management system designed specifically for used car dealerships. As a Preferred Lender on the platform, Nicholas will be able to help independent dealers get more deals approved and funded with a click of a button starting in January 2020.
“We listen very closely to our customers’ suggestions, and they have been asking for an additional integrated lender to be added to our Preferred Lender Platform,” said Barry R. Lane, Vice President of Business Development with DealerCenter. “Nicholas Financial is the perfect complement to our existing sources.”
Since 2002, DealerCenter has been committed to improving the dealer experience by managing their business, controlling costs and maximizing profits with an all-in-one solution. This new partnership connects independent dealers with a subprime, local branch-based lender to streamline the buying process, allowing dealers to sell more cars to more customers.
"Nicholas has been focused on partnering with and servicing the local independent dealer since our inception in 1985. For 35 years, we have prided ourselves on being the independent dealer’s local lending partner. This partnership with DealerCenter allows the Company to help more dealers more quickly than ever before," said Grant Martin, Director of Operations at Nicholas Financial. "Our partnership with DealerCenter is just one more example of how Nicholas is leveraging technology with common sense lending and good old-fashioned customer service in our journey to remain an industry leader."
For more information on Nicholas, visit www.NicholasFinancial.com. For more information on DealerCenter, visit www.dealercenter.com.
About DealerCenter
DealerCenter.com is an all-in-one, web-based, Dealer Management System designed to fit the needs of the independent dealer. Through direct integrations with other industry-leading solutions, DealerCenter provides used car dealers full control over their sales, inventory & customer management, digital marketing, financing, credit bureau reports, book services, and more.
About Nicholas Financial
Nicholas Financial, Inc. is a publicly-traded specialty consumer finance company, operating branch locations in both Southeastern and Midwestern U.S. states. The Company has approximately 7.9 million shares of voting common stock outstanding. For an index of Nicholas Financial, Inc.’s news releases or to obtain a specific release, visit our web site at www.nicholasfinancial.com.