Nicholas Financial appoints Jeffrey Royal as CEO, changes name to Old Market Capital and ticker to OMCC

OLD MARKET CAPITAL Corp

Michael Rost departed as CEO on Sept 27, 2024; no disagreements, company exiting auto finance.
Jeffrey Royal, former Chairman, appointed CEO with $300k annual base salary paid in stock, 2-year term.
Company renamed to Old Market Capital Corporation; ticker changes from NICK to OMCC effective Sept 30.
Headquarters relocated from Clearwater, FL to Omaha, NE (1601 Dodge St., Suite 3350).
Company invested in 56.47% of Amplex (Ohio broadband) and secured ~$20M RUS loan at 2% interest.

item 5.02 item 5.03 item 5.07 item 7.01 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Jeffrey Royal

Chief Executive Officer

OMCC · OLD MARKET CAPITAL Corp

Effective: 2024-09-27
Filed: September 27, 2024, 7:59 PM ET

On September 27, 2024, the Board of Directors of the Company announced the appointment of Jeffrey Royal as the Chief Executive Officer of the Company.

Departed

Michael Rost

Chief Executive Officer

OMCC · OLD MARKET CAPITAL Corp

Effective: 2024-09-27
Successor: Jeffrey Royal
Filed: September 27, 2024, 7:59 PM ET

On September 27, 2024, Michael Rost departed as Chief Executive Officer of Nicholas Financial, Inc. (the “Company”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey Royal was appointed as Chief Executive Officer at OLD MARKET CAPITAL Corp.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On September 27, 2024, the Board of Directors of the Company announced the appointment of Jeffrey Royal as the Chief Executive Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Rost departed as Chief Executive Officer at OLD MARKET CAPITAL Corp.

Action: departed
Role: Chief Executive Officer

Exact text from the filing

On September 27, 2024, Michael Rost departed as Chief Executive Officer of Nicholas Financial, Inc. (the “Company”).

View on SEC.gov

OLD MARKET CAPITAL Corp filing history →

Source: SEC EDGAR

accession 0000950170-24-109986

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