NICHOLAS FINANCIAL, INC. (NASDAQ:NICK) Files An 8-K Results of Operations and Financial Condition

On May 29, 2019 Nicholas Financial, Inc. (the “Company”) issued a press release announcing the Company’s financial results for its quarter and year ended March 31, 2019. 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 to this Item 2.02 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 8.01      Other Events.

The Board of Directors authorized the Company to repurchase up to $8.0 million of the Company’s common stock. The timing and actual number of shares repurchased will depend on a variety of factors, including the stock price, corporate and regulatory requirements and other market and economic conditions. The Company’s stock repurchase program may be suspended or discontinued at any time.

NICHOLAS FINANCIAL INC Exhibit
EX-99.1 2 nick-ex991_32.htm EX-99.1 nick-ex991_32.htm Exhibit 99.1       FOR IMMEDIATE RELEASE Nicholas     Contact: Kelly Malson   NASDAQ: NICK Nicholas Financial,…
To view the full exhibit click here

About NICHOLAS FINANCIAL, INC. (NASDAQ:NICK)

Nicholas Financial, Inc. (Nicholas Financial-Canada) is a holding company. The Company’s business activities are conducted through its subsidiary, Nicholas Financial, Inc. (Nicholas Financial). Nicholas Financial is a specialized consumer finance company engaged primarily in acquiring and servicing automobile finance installment contracts (Contracts) for purchases of new and used automobiles and light trucks. Nicholas Financial also originates direct consumer loans (Direct Loans) and sells consumer-finance related products. Another subsidiary, Nicholas Data Services, Inc. (NDS), acts as the interim holding company for Nicholas Financial. The Company is engaged in the business of providing financing programs, primarily on behalf of purchasers of new and used cars and light trucks. The Company originates Direct Loans in Florida and North Carolina. As of March 31, 2016, the Company’s automobile finance programs were conducted in 18 states.