secwatch.observer — SEC 8-K summary
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Issuer:     OLD MARKET CAPITAL Corp (OMCC)
CIK:        0001000045
Form:       8-K
Filed at:   2022-05-25T23:59:59+00:00
Accession:  0000950170-22-010671
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nicholas Financial reports $3M net income, considers capital deployment beyond subprime lending
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- Net income of $3.0M for FY2022; book value per share rose 3.2% to $15.42.
- Receivables per equity $1.45; board targets $2-3, implying ~$49M excess equity capital.
- Past public securities investments yielded $1.8M gain; board open to further investments outside subprime lending.
- Share repurchases and acquisitions of related/unrelated businesses considered for excess capital, subject to lender approval.
- Interim CEO Mike Rost leading NFI turnaround; nationwide search for permanent NFI President underway.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000045/000095017022010671/0000950170-22-010671-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000045/000095017022010671/nick-20220525.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-010671

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