CUSIP No. 6573J20 Page 1 of 6 Pages
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Nicholas Financial, Inc.
------------------------
(Name of Issuer)
Common Stock, no par value
--------------------------
(Title of Class of Securities)
65373J20
--------
(CUSIP Number)
August 21, 2002
-------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
|X| Rule 13d-1(c)
[ ] Rule 13d-1(d)
CUSIP No. 6573J20 Page 2 of 6 Pages
========== =====================================================================
1 NAME OF REPORTING PERSON
Mahan Children, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
--------------------------- --------- ------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
392,764
SHARES -------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY 0
-------------------------------------------------------
OWNED BY EACH 7 SOLE DISPOSITIVE POWER
392,764
REPORTING -------------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
392,764
----------- --------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
----------- --------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.8%
----------- --------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
OO
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CUSIP No. 6573J20 Page 3 of 6 Pages
Item 1(a) Name of Issuer:
Nicholas Financial, Inc.
Item 1(b) Address of Issuer's Principal Offices:
2454 McMullen Booth Road
Building C
Clearwater, Florida 33759
Item 2(a) Name of Person Filing:
Mahan Children, LLC, a New Jersey limited liability company.
Item 2(b) Address of Principal Business Office or, if none, Residence:
The principal business office of Mahan Children, LLC is Stonehouse Road,
Millington, New Jersey 07946.
Item 2(c) Citizenship:
Mahan Children, LLC is a New Jersey limited liability company.
Item 2(d) Title of Class of Securities:
Common Stock.
Item 2(e) CUSIP Number:
65373J20
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or
(c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C.
78o).
(b) [ ] Bank as defined section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15
U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with ss.
240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with ss.
240.13d-1(b)(1)(ii)(F);
CUSIP No. 6573J20 Page 4 of 6 Pages
(g) [ ] A parent holding company or control person in accordance with ss.
240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(j) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(k) [ ] Group, in accordance with ss. 240.13d-1(b)(1)(ii)(J).
Item 4. Ownership
(a) Amount Beneficially Owned:
Mahan Children, LLC beneficially owns 381,764 shares of the Issuer's Common
Stock. All references to shares of the Issuer's Common Stock set forth in this
statement reflect the Issuer's 2-for-1 Common Stock split effective September
11, 2001.
(b) Percent of Class:
Mahan Family, LLC beneficially owns 7.8% of the Issuer's Common Stock.
(c) Number of shares listed below as to which Mahan Family, LLC has:
(i) sole power to vote or direct the vote:
392,764
(ii) shared power to vote or direct the vote:
0
(iii) sole power to dispose or direct the disposition of:
392,764
(iv) shared power to dispose or direct the disposition of:
0
CUSIP No. 6573J20 Page 5 of 6 Pages
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ].
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company
Not applicable.
Item 8. Identification and Classification of Members of the Group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose
or effect.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: October 18, 2002
MAHAN CHILDREN, LLC
By: /s/ Roger T. Mahan
--------------------------
Roger T. Mahan, Manager