secwatch.observer — SEC 8-K summary
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Issuer:     OLD MARKET CAPITAL Corp (OMCC)
CIK:        0001000045
Form:       8-K
Filed at:   2024-09-27T23:59:59+00:00
Accession:  0000950170-24-109986
Event type: leadership
Sentiment:  neutral
Materiality: 0.90
Item codes: 5.02, 5.03, 5.07, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000045/000095017024109986/0000950170-24-109986-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000045/000095017024109986/nick-20240927.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-109986

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer