Nicholas Financial CEO Doug Marohn resigns; Michael Rost named interim CEO

OLD MARKET CAPITAL Corp

CEO Doug Marohn resigned effective May 9, 2022; receives $131,250 severance plus 4.5 months COBRA.
Michael Rost, 51, appointed interim CEO; previously VP of Branch Operations with 20+ years at company.
Board to start search for permanent CEO; Rost expected to be a candidate.
Unvested restricted stock forfeited; one-year non-compete and employee/customer non-solicit imposed.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed (interim)

Michael Rost

interim Chief Executive Officer

OMCC · OLD MARKET CAPITAL Corp

Effective: 2022-05-09
Filed: May 10, 2022, 7:59 PM ET

the Board appointed Michael Rost, 51, as interim Chief Executive Officer, effective immediately.

Departed

Doug Marohn

President and Chief Executive Officer

OMCC · OLD MARKET CAPITAL Corp

Effective: 2022-05-09
Successor: Michael Rost
Filed: May 10, 2022, 7:59 PM ET

the Company entered into a separation and release of claims agreement with Mr. Marohn.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Rost was appointed as interim Chief Executive Officer at OLD MARKET CAPITAL Corp.

Action: appointed
Role: interim Chief Executive Officer

Exact text from the filing

the Board appointed Michael Rost, 51, as interim Chief Executive Officer, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Doug Marohn resigned as President and Chief Executive Officer at OLD MARKET CAPITAL Corp.

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

the Company entered into a separation and release of claims agreement with Mr. Marohn.

View on SEC.gov

OLD MARKET CAPITAL Corp filing history →

Source: SEC EDGAR

accession 0000950170-22-009069

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