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) May 8, 2008
NICHOLAS FINANCIAL, INC.
(Exact name of registrant as specified in its Charter)
| British Columbia, Canada | 0-26680 | 8736-3354 | ||
| (State or Other Jurisdiction of Incorporation or Organization) |
(Commission File Number) |
(I.R.S. Employer 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)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 2.02 | Results of Operations and Financial Condition |
May 8, 2008 – Clearwater, Florida—Nicholas Financial, Inc. (NASDAQ: NICK) announced that net income decreased 32% to $2,055,000 for the three months ended March 31, 2008 as compared to $3,012,000 for the three months ended March 31, 2007. Diluted earnings per share decreased 31% to $0.20 for the three months ended March 31, 2008 as compared to $0.29 for the three months ended March 31, 2007. Revenue increased 6% to $12,721,000 for the three months ended March 31, 2008 as compared to $12,044,000 for the three months ended March 31, 2007.
| Item 9.01 | Financial Statements and Exhibits |
| Exhibit # |
Description | |
| 99.1 | Press release dated May 8, 2008. |
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: May 8, 2008 | /s/ Peter L. Vosotas | |||||||
| Peter L. Vosotas Chairman, President, Chief Executive Officer (Principal Executive Officer) | ||||||||
| Date: May 8, 2008 | /s/ Ralph T. Finkenbrink | |||||||
| Ralph T. Finkenbrink (Principal Financial Officer and Accounting Officer) | ||||||||
Exhibit Index
| Exhibit |
Description | |
| 99.1 | Press release dated May 8, 2008. |