UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) June 8, 2004
NICHOLAS FINANCIAL, INC.
(Exact name of registrant as specified in its Charter)
British Columbia, Canada 0-26680 8736-3354
(State or Other Jurisdiction of (Commission (I.R.S. Employer
Incorporation or Organization) File Number) Identification No.)
2454 McMullen Booth Road, Building C
Clearwater, Florida 33759
(Address of Principal Executive Offices) (Zip Code)
(727) 726-0763
(Registrant's telephone number, Including area code)
Not applicable
(Former name, former address and former fiscal year, if
changed since last report)
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Item 5. Other Events
Nicholas Financial, Inc. announced it closed the sale of an
additional 300,000 shares of its common stock at a public offering
price of $8.00 per share in connection with the exercise of the
over-allotment option granted to the underwriter of the Company's
recent offering of 1,100,000 shares of common stock that closed on
May 19, 2004. The net proceeds to the Company of the offering
(including the exercise of the over-allotment option), totaling
approximately $9.8 million, are being used to pay down the
Company's line of credit. In addition, approximately 900,000
shares of common stock were sold in the recent offering by a group
of selling shareholders.
Item 7. Financial Statements and Exhibits
Exhibit # Description
99.9 Press release dated June 8, 2004, announcing the
company closed the sale of an additional 300,000
shares of its common stock at a public offering price
of $8.00 per share in connection with the exercise of
the over-allotment option granted to the underwriter
of the Company's recent offering of 1,100,000 shares
of common stock that closed on May 19, 2004.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this Report to
be signed on its behalf by the undersigned, hereunto duly
authorized.
NICHOLAS FINANCIAL, INC.
(Registrant)
Date: June 8, 2004 /s/ Peter L. Vosotas
Peter L. Vosotas
Chairman, President,
Chief Executive Officer
(Principal Executive Officer)
Date: June 8, 2004 /s/ Ralph T. Finkenbrink
Ralph T. Finkenbrink
(Principal Financial Officer
and Accounting Officer)
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Exhibit Index
Exhibit Description
99.9 Press release dated June 8, 2004, announcing the
company closed the sale of an additional 300,000
shares of its common stock at a public offering price
of $8.00 per share in connection with the exercise of
the over-allotment option granted to the underwriter
of the Company's recent offering of 1,100,000 shares
of common stock that closed on May 19, 2004.
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Exhibit 99.9
FOR IMMEDIATE RELEASE
Nicholas Financial, Inc.
Corporate Headquarters
2454 McMullen-Booth Rd.
Building C, Suite 501
Clearwater, FL 33759
Contact: Ralph Finkenbrink
Sr. Vice President, Finance
NASDAQ: NICK
Web site: www.nicholasfinancial.com
Ph # - 727-726-0763
Fax # - 727-726-2140
Nicholas Financial Announces Closing of Underwriter's Option
Clearwater, Florida - June 8, 2004: Nicholas Financial, Inc.
(Nasdaq, NICK) today announced that it closed the sale of an
additional 300,000 shares of its common stock at a public offering
price of $8.00 per share in connection with the exercise of the
over-allotment option granted to the underwriter of the Company's
recent offering of 1,100,000 shares of common stock that closed on
May 19, 2004. The net proceeds to the Company of the offering
(including the exercise of the over-allotment option), totaling
approximately $9.8 million, are being used to pay down the
Company's line of credit. In addition, approximately 900,000
shares of common stock were sold in the recent offering by a group
of selling shareholders.
Upon completion of the recent common stock offering and exercise of
the over-allotment option, the Company has approximately 6.5
million shares of common stock outstanding. The Company's common
stock trades on the Nasdaq National Market under the symbol "NICK"
and had a closing price of $8.32 per share on June 7, 2004.
Ferris, Baker Watts, Incorporated served as the sole underwriter
for the offering, including the over-allotment option. Copies of
the prospectus relating to this offering may be obtained from the
offices of Ferris, Baker Watts Inc., 100 Light Street, 8th Floor,
Baltimore, Maryland 21202.
The registration statement relating to these securities has been
filed with the Securities and Exchange Commission and has been
declared effective. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy the common
stock, which is being made only pursuant to the prospectus relating
to the offering, nor shall there be any sale of these securities in
any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state.
Founded in 1985, Nicholas Financial provides specialty consumer
finance products through its 32 branch offices located throughout
the eastern United States.