secwatch.observer — SEC 8-K summary
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Issuer:     OLD MARKET CAPITAL Corp (OMCC)
CIK:        0001000045
Form:       8-K
Filed at:   2022-09-15T23:59:59+00:00
Accession:  0000950170-22-018553
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 enters CEO employment agreement with Michael Rost through Aug 2023
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000045/000095017022018553/0000950170-22-018553-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000045/000095017022018553/nick-20220914.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-018553

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