{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-014524","form_type":"8-K","ticker":"OMCC","cik":"0001000045","company_name":"OLD MARKET CAPITAL Corp","filed_at":"2024-02-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.018653+00:00","generated_at":"2026-06-06T02:59:49.320890+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Nicholas Financial Q3 FY2024 net loss $11.7M; loan portfolio sale to Westlake pending","bullets":["Net loss of $11.7M ($1.60/share) vs $13.4M loss ($1.85) prior year; interest income down 55.8% to $5.0M.","Net charge-off rate surged to 34.8% from 16.6%; $19.5M valuation allowance recorded on portfolios reclassified to held for sale.","Operating expenses cut 59.2% to $4.0M; payroll down 76.9% as branch closures and outsourcing continue under restructuring.","Company seeks shareholder approval to sell substantially all auto finance contracts to Westlake Services (Nov 13, 2023 agreement).","Nine-month net loss $20.6M ($2.83/share); originations fell to $5.5M, credit facility fully repaid."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-014524","json":"https://secwatch.observer/filing/0000950170-24-014524.json","markdown":"https://secwatch.observer/filing/0000950170-24-014524.md","text":"https://secwatch.observer/filing/0000950170-24-014524.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1000045/000095017024014524/0000950170-24-014524-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1000045/000095017024014524/nick-20240213.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T02:59:49.320890+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6074ef87dc4d868cefabcf434e743fbea9f79170","claim":"OLD MARKET CAPITAL Corp reported nine months ended December 31, 2023 results: net income net loss for the nine months ended December 31, 2023 of $20.6 million, EPS Basic and diluted net loss per share was $2.83.","evidence_excerpt":"The Company reported a net loss for the nine months ended December 31, 2023 of $20.6 million compared to net loss of $18.3 million for the nine months ended December 31, 2022. Basic and diluted net loss per share was $2.83 for the nine months ended December 31, 2023 as compared to basic and diluted net loss per share of $2.49 for the nine months ended December 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1000045/000095017024014524/0000950170-24-014524-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"nine months ended December 31, 2023"},{"label":"Net income","value":"net loss for the nine months ended December 31, 2023 of $20.6 million"},{"label":"EPS","value":"Basic and diluted net loss per share was $2.83"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c9fa6b6258917cd636733cae1fc2a3d7a83e8b05","claim":"OLD MARKET CAPITAL Corp reported three months ended December 31, 2023 results: net income net loss of $11.7 million, EPS Basic and diluted net loss per share was $1.60.","evidence_excerpt":"Nicholas Financial Announces 3rd Quarter Fiscal Year 2024 Results February 13, 2024 – Clearwater, Florida - Nicholas Financial, Inc. (NASDAQ: NICK) (the \"Company\") announced a net loss for the three months ended December 31, 2023 of $11.7 million compared to net loss of $13.4 million for the three months ended December 31, 2022. Basic and diluted net loss per share was $1.60 for the three months ended December 31, 2023 as compared to basic and diluted net loss per share of $1.85 for the three months ended December 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1000045/000095017024014524/0000950170-24-014524-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended December 31, 2023"},{"label":"Net income","value":"net loss of $11.7 million"},{"label":"EPS","value":"Basic and diluted net loss per share was $1.60"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}