secwatch.observer — SEC 8-K summary
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Issuer:     OLD MARKET CAPITAL Corp (OMCC)
CIK:        0001000045
Form:       8-K
Filed at:   2023-08-15T23:59:59+00:00
Accession:  0000950170-23-042844
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nicholas Financial extends CEO Michael Rost's contract through Feb 29, 2024, with $100K bonus structure
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- CEO Michael Rost's employment term extended to February 29, 2024, with two possible 3-month extensions by mutual consent.
- Base salary remains $250,000 unchanged; bonus terms revised: $25,000 payable by Sept 9, 2023, and $75,000 within 30 days after term end.
- $75,000 post-term bonus forfeited if CEO resigns voluntarily or is terminated for cause before Feb 29, 2024.
- Stock purchase matching program (Section 3(e)) eliminated from the agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000045/000095017023042844/0000950170-23-042844-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000045/000095017023042844/nick-20230810.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-042844

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