Key Developments: Nicholas Financial Inc (NICK.O)

NICK.O on Nasdaq

2 Jul 2015
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Latest Key Developments (Source: Significant Developments)

Nicholas Financial Inc reports final results of modified dutch auction tender offer by its principal operating subsidiary
Thursday, 19 Mar 2015 12:56pm EDT 

Nicholas Financial Inc:Says final results of the modified Dutch auction tender offer for the purchase of $70.0 mln in value of the Company's Common shares by its principal operating subsidiary.Says the tender offer expired on March 13.Based on the final count by Computershare Investor Services, Inc., the depositary for the tender offer, Nicholas accepted for payment an aggregate of 4,713,804 Common shares of the Company, at a final purchase price of $14.85 per share, for an aggregate cost of about $70.0 mln.Aggregate number of Common shares purchased in the tender offer by Nicholas represented approximately 38.0 pct of the Company's outstanding Common shares as of March 17.Following settlement of the tender offer, the Company has approximately 7,701,981 Common shares outstanding.Janney Montgomery Scott LLC acted as the dealer manager for the tender offer.  Full Article

Nicholas Financial Inc announces intention to commence modified dutch auction tender offer
Monday, 22 Dec 2014 05:35pm EST 

Nicholas Financial Inc:Says that it expects to commence within 30 days of this announcement a "modified Dutch auction" tender offer to repurchase a number of its outstanding Common shares not to exceed an aggregate purchase price of $70.0 million.The company will select the lowest single per-share purchase price that will allow it to buy up to $70.0 million of its outstanding Common shares at the completion of the Tender Offer.  Full Article

Nicholas Financial Inc is considering various financial initiatives
Tuesday, 21 Oct 2014 04:45pm EDT 

Nicholas Financial Inc:Says Company is considering various strategic financial initiatives to increase return on shareholder investment.Including (but not limited to) undertaking a share repurchase program or self-tender offer, initiating a cash dividend program, increase its existing credit facility and/or exploring potential expansion opportunities.No assurances can be given, however, as to whether the Board of Directors will determine to implement any such initiatives.  Full Article

Nicholas Financial Inc announces the opening of new branch office in Miami, Florida
Tuesday, 15 Jul 2014 10:07am EDT 

Nicholas Financial Inc:Opens the Company's sixth branch location in the South Florida area. The new branch located in the Miami Lakes, Florida, continues Nicholas Financial's planned expansion of its branch office network.Each of the offices is a full-service lending and collection facility. Nicholas employees have been working to develop business in the Miami Lakes area for several months prior to the opening of the new location.  Full Article

Nicholas Financial Inc appoints CFO - Form 8-K
Tuesday, 3 Jun 2014 04:52pm EDT 

Nicholas Financial Inc:Effective June 1, 2014, it appointed Katie L. MacGillivary as vice president-finance, chief financial officer and corporate secretary.  Full Article

Nicholas Financial Inc announces management changes - Form 8-K
Thursday, 27 Mar 2014 05:26pm EDT 

Nicholas Financial Inc:Peter L. Vosotas retiring as President and Chief Executive Officer effective May 31.Says Vosotas continues to serve as chairman.Appoints Ralph T. Finkenbrink, Senior Vice President, Chief Financial Officer and Corporate Secretary, to succeed Vosotas as President and Chief Executive Officer effective as of May 31.  Full Article

Robbins Geller Rudman & Dowd LLP files class action suit against Nicholas Financial, Inc
Monday, 10 Feb 2014 02:15pm EST 

Robbins Geller Rudman & Dowd LLP:Says a class action has been commenced in the United States District Court for the Middle District of Florida on behalf of holders of Nicholas Financial, Inc in connection with proposed acquisition of Nicholas Financial by Prospect Capital Corporation and certain of its affiliates.Says the complaint charges Prospect Capital and Nicholas Financial's Board of Directors with violations of the Securities Exchange Act of 1934.  Full Article

Prospect Capital Corp agrees to acquire Nicholas Financial
Wednesday, 18 Dec 2013 07:45am EST 

Prospect Capital Corp:Says it has entered into a definitive agreement to acquire 100% of the common stock of Nicholas Financial, Inc for $16.00 per share.Says subject to certain conditions, the transaction is currently contemplated to close in Apr. 2014, although this timing could be earlier or later depending on the time required to obtain the requisite approvals.  Full Article

Nicholas Financial Inc Declares Cash Dividend
Tuesday, 13 Aug 2013 01:30pm EDT 

Nicholas Financial Inc announced that its Board of Directors has declared a cash dividend of $0.12 per share on its common stock, to be paid on September 27, 2013 to shareholders of record as of September 20, 2013.  Full Article

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