---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-018553"
form_type: "8-K"
ticker: "OMCC"
cik: "0001000045"
company_name: "OLD MARKET CAPITAL Corp"
filed_at: "2022-09-15T23:59:59+00:00"
generated_at: "2026-06-23T09:16:31.488183+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Nicholas Financial enters CEO employment agreement with Michael Rost through Aug 2023

## Summary
- Base salary no less than $250k, with bonus determined by Compensation Committee.
- Stock purchase matching up to $50k per year; matching stock vests over 3 years.
- Severance: 100% of base salary plus benefits for one year if terminated without cause.
- Non-compete clause applies for one year after termination; equity accelerates on Change of Control.
- Agreement runs to August 29, 2023, with automatic renewal option for an additional year.

## SEC filing metadata
- accession: 0000950170-22-018553
- form_type: 8-K
- ticker: OMCC
- cik: 0001000045
- company_name: OLD MARKET CAPITAL Corp
- filed_at: 2022-09-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1000045/000095017022018553/0000950170-22-018553-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1000045/000095017022018553/nick-20220914.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-018553
- JSON: https://secwatch.observer/filing/0000950170-22-018553.json
- Plain text: https://secwatch.observer/filing/0000950170-22-018553.txt

## Key facts
- Executive change
  Michael Rost was appointed as Chief Executive Officer at OLD MARKET CAPITAL Corp.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On September 15, 2022, Nicholas Financial, Inc. ("the Company") announced Michael Rost's Employment Agreement as Chief Executive Officer through August 29, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1000045/000095017022018553/0000950170-22-018553-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.