secwatch / observer

OLD MARKET CAPITAL Corp — fact timeline

Source-grounded facts extracted from OLD MARKET CAPITAL Corp's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

OMCC OLD MARKET CAPITAL Corp JSON
Material Agreements

OLD MARKET CAPITAL Corp entered into Subscription Agreement with Amplex Holdings Inc. valued at $4,000,000 (effective 2025-11-25).

“On November 25, 2025, the Company entered into a Subscription Agreement whereby the Company invested an additional $4,000,000 into Amplex Holdings Inc. (“Amplex”).”
Governance Changes

OLD MARKET CAPITAL Corp: The Company amended its Bylaws to change its fiscal year end from March 31 to December 31, effective October 1, 2025 (effective 2025-10-01).

“On September 8, 2025, the Board of Directors of Old Market Capital Corporation (the “Company”) approved an amendment to the Company’s Bylaws (“Amendment No. 1 to the Bylaws”) to change the Company’s fiscal year end from March 31 to December 31, effective as of October 1, 2025.”

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

“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.”

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

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

OLD MARKET CAPITAL Corp completed an acquisition involving Mark R. Radabaugh, Dale B. Beckmann and Amplex Electric, Inc. for $37,500,000 (closed 2024-06-15).

“approximately 56.5% of Amplex with Mr. Radabaugh retaining the remaining 43.5% interest. The purchase price was paid in cash. The base purchase price of the Acquisition was $37,500,000, subject to adjustment in accordance with the terms of the Share Purchase Agreement. The transaction was fully funded with the Company’s available cash on hand. The Share Purchase”

Charles Krebs was appointed as Chief Financial Officer at OLD MARKET CAPITAL Corp.

“The Company separately appointed Charles Krebs as the Company’s Chief Financial Officer, effective June 19, 2024.”

Irina Nashtatik resigned as Chief Financial Officer at OLD MARKET CAPITAL Corp.

“on June 6, 2024 Irina Nashtatik resigned as the Company’s Chief Financial Officer.”
M&A Transactions

OLD MARKET CAPITAL Corp completed a disposition involving Westlake Services, LLC dba Westlake Financial for aggregate purchase price of $65,617,598 (closed 2024-04-26).

“On April 26, 2024 the transactions contemplated by the Purchase Agreement closed with an aggregate purchase price of $65,617,598”
Earnings Releases

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.

“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.”
Earnings Releases

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.

“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.”
Restructurings & Charges

OLD MARKET CAPITAL Corp announced a restructuring with charges of between $0.2 million and $0.4 million affecting central business operations hub located in Rock Hill, South Carolina (approximately 63% of its full-time employees).

“the Company determined on November 14, 2023 to reduce the Company's workforce by approximately 63% of its full-time employees and close the Company's central business operations hub located in Rock Hill, South Carolina. The expected total charges associated with the reduction in force and closure of central business operations hub are between $0.2 million and $0.4 million, consisting of cash expenditures between $0.2 million and $0.4 million, and approximately $0.1 million of non-cash impairment charges associated with lease obligations.”
Material Agreements

OLD MARKET CAPITAL Corp entered into Master Asset Purchase Agreement with Westlake Services, LLC dba Westlake Financial (effective 2023-11-13).

“MASTER ASSET PURCHASE AGREEMENT THIS MASTER ASSET PURCHASE AGREEMENT, dated as of November 13, 2023 (“Effective Date”), is between Westlake Services, LLC dba Westlake Financial , a California limited liability company (“ Westlake ”) and Nicholas Financial, Inc., a Florida corporation (“ Assignor ”).”
Earnings Releases

OLD MARKET CAPITAL Corp reported the six months ended September 30, 2023 results: net income The Company reported a net loss for the six months ended September 30, 2023 of $8.9 million, EPS Basic and diluted net loss per share was $1.23 for the six months ended September 30, 2023.

“The Company reported a net loss for the six months ended September 30, 2023 of $8.9 million compared to net loss of $4.9 million for the six months ended September 30, 2022.”
Earnings Releases

OLD MARKET CAPITAL Corp reported the quarter ended September 30, 2023 results: net income net loss for the three months ended September 30, 2023 of $10.5 million, EPS Basic and diluted net loss per share was $1.44 for the three months ended September 30, 2023.

“On November 14, 2023 Nicholas Financial, Inc. (the “ Company ”) issued a press release announcing, among other things, the Company’s financial results for its quarter ended September 30, 2023.”
Shareholder Votes

OLD MARKET CAPITAL Corp shareholders approved Advisory Vote on Frequency of the Advisory Vote on Executive Compensation at the 2023-08-24 meeting.

“Advisory Vote on Frequency of the Advisory Vote on Executive Compensation Shares Voted For 1 Year Shares Voted For 2 Years Shares Voted For 3 Years Shares Abstaining Broker Non Vote 4,330,727 6,408 296,432 2,595 1,397,203”
Shareholder Votes

OLD MARKET CAPITAL Corp shareholders approved Advisory Vote on Executive Compensation at the 2023-08-24 meeting.

“Advisory Vote on Executive Compensation (“Say on Pay”) Shares Voted For Shares Abstaining Shares Voted Against Broker Non Vote 4,625,515 5,951 4,696 1,397,203”
Shareholder Votes

OLD MARKET CAPITAL Corp shareholders approved Ratification of Appointment of FORVIS, LLP as Independent Auditors at the 2023-08-24 meeting.

“Ratification of Appointment of FORVIS, LLP as Independent Auditors Shares Voted For Shares Abstaining Shares Voted Against Broker Non Vote 6,019,401 2,010 11,954 —”
Shareholder Votes

OLD MARKET CAPITAL Corp shareholders voted on Election of Directors at the 2023-08-24 meeting.

“Election of Directors Shares Voted For Shares Wthholding Authority Broker Non Vote Jeremy Q. Zhu 3,644,632 991,530 1,397,203”
Earnings Releases

OLD MARKET CAPITAL Corp reported 1st quarter fiscal year 2024 ended June 30, 2023 results: net income $1.6 million, EPS $0.21.

“On August 16, 2023 Nicholas Financial, Inc. (the " Company ") issued a press release announcing the Company's financial results for its quarter ended June 30, 2023.”
Earnings Releases

OLD MARKET CAPITAL Corp reported the twelve months ended March 31, 2023 results: revenue $44.3 million, net income $34.1 million, EPS $4.65.

“2023 as compared to basic and diluted net income per share of $0.39 for the twelve months ended March 31, 2022. Interest and fee income on finance receivables decreased 11.1% to $44.3 million for the twelve months ended March 31, 2023 as compared to $49.8 million for the twelve months ended March 31, 2022. Provision for credit losses increased 581.6% to $40.7 million”
Earnings Releases

OLD MARKET CAPITAL Corp reported the three months ended March 31, 2023 results: revenue $8.7 million, net income $15.8 million, EPS $2.18.

“as compared to basic and diluted net earnings per share of $0.05 for the three months ended March 31, 2022. Interest and fee income on finance receivables decreased 29.4% to $8.7 million for the three months ended March 31, 2023 as compared to $12.3 million for the three months ended March 31, 2022. Operating expenses decreased 35.8% to $6.0 million for the three”
Earnings Releases

OLD MARKET CAPITAL Corp reported nine months ended December 31, 2022 results: net income net loss for the nine months ended December 31, 2022 of $18.3 million, EPS Basic and diluted net loss per share was $2.49.

“announced net loss for the nine months ended December 31, 2022 of $18.3 million compared to net income of $2.6 million for the nine months ended December 31, 2021. Basic and diluted net loss per share was $2.49 for the nine months ended December 31, 2022 as compared to basic and diluted net income per share of $0.34 for the nine months ended December 31, 2021.”
Earnings Releases

OLD MARKET CAPITAL Corp reported three months ended December 31, 2022 results: net income net loss of $13.4 million, EPS Basic and diluted net loss per share was $1.85.

“announced a net loss for the three months ended December 31, 2022 of $13.4 million compared to net loss of $0.7 million for the three months ended December 31, 2021. Basic and diluted net loss per share was $1.85 for the three months ended December 31, 2022 as compared to basic and diluted net loss per share of $0.09 for the three months ended December 31, 2021.”
Debt Financings

OLD MARKET CAPITAL Corp amended credit facility of from $175 million to $60 million with Wells Fargo Bank, N.A., as agent maturing changed the maturity date of the Credit Facility from November 5, 2024 to May 31, 2023.

“The Amendment reduced the maximum amount available under the Credit Facility from $175 million to $60 million, and also reduced the availability of funds under the Credit Facility from an advance rate of between 80% and 85% of the value of eligible receivables to an advance rate of 50% of the value of eligible receivables, and changed the maturity date of the Credit Facility from November 5, 2024 to May 31, 2023.”
Material Agreements

OLD MARKET CAPITAL Corp amended Second Amendment to Loan and Security Agreement with Wells Fargo Bank, N.A. (effective 2022-12-06).

“entered into a Second Amendment to Loan and Security Agreement among the Borrowers, Wells Fargo Bank, N.A., as agent (the “Agent”), and the lenders that are party thereto (the “Amendment”), which amends the Loan and Security Agreement dated as of November 5, 2021”
Earnings Releases

OLD MARKET CAPITAL Corp reported the six months ended September 30, 2022 results: revenue $24.3 million, net income net loss of $4.9 million, EPS $0.68.

“September 30, 2022 as compared to net income per share of $0.44 for the six months ended September 30, 2021. Interest and fee income on finance receivables decreased 3.4% to $24.3 million for the six months ended September 30, 2022 as compared to $25.2 million for the six months ended September 30, 2021. Provision for credit losses increased 490.6% to $12.6”
Earnings Releases

OLD MARKET CAPITAL Corp reported the three months ended September 30, 2022 results: revenue $12.2 million, net income net loss of $3.2 million, EPS $0.44.

“30, 2022 as compared to diluted net income per share of $0.21 for the three months ended September 30, 2021. Interest and fee income on finance receivables decreased 2.6% to $12.2 million for the three months ended September 30, 2022 as compared to $12.6 million for the three months ended September 30, 2021. Provision for credit losses increased 538.4% to $8.9”
Restructurings & Charges

OLD MARKET CAPITAL Corp announced a restructuring with charges of between $11.1 million and $12.4 million affecting 34 of its 36 branches (approximately 173 employees, representing 82% of the Company workforce).

“the Board of Directors of the Company determined on November 3, 2022 to close 34 of its 36 branches. Consolidation of workforce associated with these closures is expected to impact approximately 173 employees, representing 82% of the Company workforce as of such date. The expected total charges are between $11.1 million and $12.4 million”
Debt Financings

OLD MARKET CAPITAL Corp reported a default on credit facility with Wells Fargo Bank, N.A. at default rate of interest.

“the lenders expressly reserve all rights and remedies available under the Loan Agreement. Among those rights and remedies is the ability of the lenders to accelerate all of Nicholas’ obligations under the loan.”

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

“On September 15, 2022, Nicholas Financial, Inc. ("the Company") announced Michael Rost's Employment Agreement as Chief Executive Officer through August 29, 2023.”

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

“On August 30, 2022, the Board of Directors of Nicholas Financial, Inc. (the “Company”) appointed Michael Rost as the Chief Executive Officer of the Company.”

Michael Rost was appointed as interim Chief Executive Officer at OLD MARKET CAPITAL Corp.

“the Board appointed Michael Rost, 51, as interim Chief Executive Officer, effective immediately.”

Doug Marohn resigned as President and Chief Executive Officer at OLD MARKET CAPITAL Corp.

“the Company entered into a separation and release of claims agreement with Mr. Marohn.”

Brendan J. Keating was elected as Director at OLD MARKET CAPITAL Corp.

“Mr. Keating was elected in conjunction with an increase in the size of the Board from five to six members.”

Mark R. Hutchins was elected as Director at OLD MARKET CAPITAL Corp.

“Mr. Hutchins was elected to fill the vacancy left by the resignation of Robin Hastings on September 30, 2021.”

Robin Hastings resigned as Director at OLD MARKET CAPITAL Corp.

“Mr. Hutchins was elected to fill the vacancy left by the resignation of Robin Hastings on September 30, 2021.”

Robin Hastings resigned as Director, Chair of the Audit Committee at OLD MARKET CAPITAL Corp.

“On September 30, 2021, Robin Hastings informed Nicholas Financial, Inc. (the “Company”) of his decision to resign from the Company’s Board of Directors (the “Board”) including from his position as Chair of the Audit Committee, effective the same day.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.