secwatch.observer — SEC 8-K summary
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Issuer:     OLD MARKET CAPITAL Corp (OMCC)
CIK:        0001000045
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0000950170-22-009069
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000045/000095017022009069/0000950170-22-009069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000045/000095017022009069/nick-20220510.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-009069

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer