OLD MARKET CAPITAL Corp 8-K, filed Oct 8, 2021
OLD MARKET CAPITAL Corp (OMCC)
About this 8-K
OLD MARKET CAPITAL Corp filed this 8-K on October 8, 2021, reporting on events of October 7, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
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
Date of Report (Date of earliest event reported)
(Exact name of registrant as specified in its Charter)
|
|
|
|
|
British Columbia, |
|
|
||
(State or Other Jurisdiction of Incorporation or Organization) |
|
(Commission File Number) |
|
(I.R.S. Employer Identification No.) |
|
|
||
(Address of Principal Executive Offices) |
|
|
(Zip Code) |
(
(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):
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
|
|
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 October 7, 2021, Mark R. Hutchins and Brendan J. Keating were elected to the Board of Directors (the “Board”) of Nicholas Financial, Inc. (the “Company”) at the recommendation of the Nominating/Corporate Governance Committee of the Board. Mr. Hutchins was elected to fill the vacancy left by the resignation of Robin Hastings on September 30, 2021. He will also serve as chair of the Board’s Audit Committee. Mr. Keating was elected in conjunction with an increase in the size of the Board from five to six members. Under applicable law, both new directors are subject to re-election by the Company’s shareholders at its 2022 Annual General Meeting.
In connection with their elections, both new directors were awarded 1632 shares of restricted stock under the Company’s 2015 Omnibus Incentive Plan. Such shares will vest on October 7, 2022, subject to accelerated vesting and forfeiture in accordance with the terms of the form of restricted stock award. Both directors are entitled to receive the same compensation for their services on the Board as other non-employee directors of the Company, as described in the Company’s proxy statement for its 2021 Annual General Meeting.
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: October 7, 2021 |
|
|
/s/ Irina Nashtatik |
|
|
|
Irina Nashtatik |
|
|
|
Chief Financial Officer (Principal Financial Officer) |