Announcement • Dec 12
Old Market Capital Corporation Approves Plan to Voluntarily Delist from Nasdaq and Transition to OTC Markets On December 8, 2025, the Board of Directors of Old Market Capital Corporation approved a plan to voluntarily delist the Company’s common stock from the NASDAQ Capital Market, suspend its duty to file periodic reports and other information with the U.S. Securities and Exchange Commission (“SEC”), and terminate its registration of common stock under the federal securities laws. The Company intends to file a Notification of Removal from Listing and/or Registration on Form 25 with the SEC on or about December 22, 2025, to effect the voluntary withdrawal of the listing of its securities from NASDAQ and the deregistration of its securities under Section 12(b) of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”). The Company anticipates that the delisting from NASDAQ and deregistration under Section 12(b) of its securities will become effective on or about January 2, 2026, at which time trading on NASDAQ will cease. Following the effectiveness of the Form 25, the Company intends to file a Form 15 with the SEC to deregister the Company’s securities under Section 12(g) of the Exchange Act and suspend its reporting obligations under Section 15(d) of the Exchange Act, at which time the Company anticipates that its obligation to file periodic reports under the Exchange Act, including annual, quarterly and current reports on Form 10-K, Form 10-Q and Form 8-K, respectively, will be suspended, and that all requirements associated with being an Exchange Act-registered company, including the requirement to file current and periodic reports, will terminate permanently 90 days thereafter. The Company expects trading on NASDAQ to remain in effect until on or about January 2, 2026, with quotation on the OTC marketplace anticipated to begin on or around January 2, 2026, specifically on the OTCID Basic Market, under the current trading symbol OMCC. The Company can provide no assurance that trading in its common stock will continue on the OTCID Basic Market or otherwise. The decision to voluntarily delist was made after careful consideration of several factors, including costs associated with being a public reporting company, low trading volumes, regulatory burdens, and to better focus the Company’s resources on enhancing long-term stockholder value. The Company expects to realize meaningful savings on an annual basis as a result of the delisting and deregistering of the Company’s common stock. Announcement • Dec 11
Old Market Capital Corporation (NasdaqGS:OMCC) announces an Equity Buyback for $7 million worth of its shares. Old Market Capital Corporation (NasdaqGS:OMCC) announces a share repurchase program. Under the program, the company will repurchase up to $7 million worth of its common shares. The repurchase program does not have an expiration date. New Risk • Aug 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$12m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$12m free cash flow). Earnings have declined by 43% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$37.6m market cap). Announcement • Jul 30
Old Market Capital Corporation, Annual General Meeting, Sep 08, 2025 Old Market Capital Corporation, Annual General Meeting, Sep 08, 2025. Location: first national tower, 1601dodge street, suite 3350, nebraska 68102, omaha United States New Risk • Jul 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 55% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$36.4m market cap). Recent Insider Transactions • Dec 18
CEO & Chairman recently bought US$189k worth of stock On the 13th of December, Jeffrey Royal bought around 32k shares on-market at roughly US$6.00 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jeffrey's only on-market trade for the last 12 months. Board Change • Nov 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Brendan Keating was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 28
Nicholas Financial, Inc. Receives Nasdaq Notification of Noncompliance with Listing Rule 5250(c (1) Nicholas Financial, Inc. (the "Company") announced that on August 21, 2024, the Company received a letter (the Non-Compliance Letter) from the Listing Qualifications Department of the Nasdaq Stock Market (Nasdaq) stating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the Nasdaq Listing Rule) as a result of its failure to have timely filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (the June 2024 10-Q) with the Securities and Exchange Commission (SEC). The Non-Compliance Letter provides that, under Nasdaq rules, the Company now has 60 calendar days, or until October 21, 2024 to submit to Nasdaq a plan to regain compliance in accordance with Nasdaqs listing requirements. If the Companys plan is accepted, Nasdaq may grant the Company up to 180 days, or until February 18, 2025, for the Company to regain compliance. If Nasdaq does not accept the Companys plan, the Company will have the opportunity to appeal that decision to a Nasdaq hearings panel under Nasdaq Listing Rule 5815(a). The Non-Compliance Letter has no immediate effect on the listing of the Companys common stock on the Nasdaq Global Select Market. The delayed filing of the Companys Form 10-Q for the quarter ending June 30, 2024 was a result of additional time being required to compile and review information and disclosures in connection with the completion of its acquisition of a majority interest in Amplex Electric, Inc, (Amplex) which was completed on June 15, 2024. The Company diligently worked to review and finalize the June 2024 10-Q and successfully filed on August 26, 2024 well within the 60 calendar days referenced above. On August [DATE], 2024, Nasdaq informed the Company that it is now in compliance with Nasdaq Listing Rule 5250(c). Announcement • Aug 26
Nicholas Financial, Inc., Annual General Meeting, Sep 24, 2024 Nicholas Financial, Inc., Annual General Meeting, Sep 24, 2024. Location: the omaha building, 1650 farnam street, nebraska 68102-2186, omaha United States Announcement • Aug 16
Nicholas Financial, Inc. announced delayed 10-Q filing On 08/15/2024, Nicholas Financial, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Jun 14
Nicholas Financial, Inc. Announces Chief Financial Officer Changes On June 6, 2024, Irina Nashtatik resigned as the Chief Financial Officer of Nicholas Financial, Inc. She will remain with the Company until July 12, 2024, after which she is expected to remain as a consultant to the Company until December 31, 2024 to assist with the transition. Ms. Nashtatik is resigning for personal reasons and there were no disagreements between Ms. Nashtatik and the Company. Her departure is not related to the operations, policies or practices of the Company or any issues regarding accounting policies or practices. The Company separately appointed Charles Krebs as the Company’s Chief Financial Officer, effective June 19, 2024. Mr. Krebs, age 41, has extensive accounting and financial experience. Prior to joining the Company, Mr. Krebs worked in a variety of treasury and finance roles at Peter Kiewit Sons, Inc., a multi-billion dollar international engineering and construction company, most recently as Sr. Manager of Treasury where he was in charge of Kiewit’s Treasury Operations. While at Kiewit, Mr. Krebs' responsibilities included corporate cash management, cash forecasting, currency & commodity risk mitigation, and investment performance and compliance. Mr. Krebs holds a Bachelor’s degree in Finance from Hillsdale College. Announcement • May 08
Nicholas Financial, Inc. (NasdaqGS:NICK) entered into a Share Purchase Agreement to acquire 51% stake in Amplex Electric Inc. from Mark R. Radabaugh, Dale B. Beckmann for $37.5 million. Nicholas Financial, Inc. (NasdaqGS:NICK) entered into a Share Purchase Agreement to acquire 51% stake in Amplex Electric Inc. from Mark R. Radabaugh, Dale B. Beckmann for $37.5 million on May 1, 2024. The transaction values Amplex at approximately $37.5 million through a cash purchase and conversion of debt. The transaction will be fully funded with the Company’s available cash on hand and the Company will not require external financing to fund the transaction. The closing of the transaction is subject to customary closing conditions, including regulatory approvals, and is expected to occur in the third calendar quarter of 2024. Anthony D. Scioli and James C. Creigh of Kutak Rock LLP acted as a legal advisor to Nicholas Financial, Inc. Amy Fliam of Wilkinson Barker Knauer, LLP acted as a legal advisor to Amplex Electric Inc. Announcement • Aug 17
Nicholas Financial, Inc. announced delayed 10-Q filing On 08/15/2023, Nicholas Financial, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Jul 29
Nicholas Financial, Inc., Annual General Meeting, Aug 24, 2023 Nicholas Financial, Inc., Annual General Meeting, Aug 24, 2023, at 10:00 Central Standard Time. Location: he Omaha Building, 1650 Farnam Street,Omaha, Nebraska 68102-2186 Omaha Nebraska United States Agenda: to consider to receive the Report of the Directors; to consider to receive the consolidated financial statements of the Company for its fiscal year ended March 31, 2023, and the report of FORVIS, LLP, the Company’s Independent Registered Public Accounting Firm, thereon; to consider to ratify the appointment of FORVIS, LLP as the Company’s Independent Registered Public Accounting Firm for the fiscal year ending March 31, 2024; to consider to provide an advisory vote on the frequency of the advisory vote on the compensation for our named executive officers; and to consider other matters. New Risk • Jun 29
New major risk - Revenue and earnings growth Earnings have declined by 29% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (US$36.5m market cap). Recent Insider Transactions • Feb 27
Independent Chairman recently bought US$63k worth of stock On the 23rd of February, Jeffrey Royal bought around 10k shares on-market at roughly US$6.26 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Jeffrey has been a buyer over the last 12 months, purchasing a net total of US$194k worth in shares. Recent Insider Transactions • Nov 22
Independent Chairman recently bought US$115k worth of stock On the 21st of November, Jeffrey Royal bought around 18k shares on-market at roughly US$6.56 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Jeffrey has been a buyer over the last 12 months, purchasing a net total of US$132k worth in shares. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Chairman Jeff Royal was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 31
Nicholas Financial, Inc. Appoints Michael Rost as Chief Executive Officer On August 30, 2022, the Board of Directors of Nicholas Financial, Inc. appointed Michael Rost as the Chief Executive Officer of the Company. Mr. Rost, age 51, has worked at the Company for more than 20 years. Prior to his appointment, Mr. Rost served as Interim Chief Executive Officer since May 2022, Vice President of Branch Operations for the Company from April 2021 to May 2022, as Divisional Vice President from June 2018 until April 2021, as District Manager from December 2010 until June 2018, and as Branch Manager from December 2001 until December 2010. Announcement • Jul 30
Nicholas Financial, Inc., Annual General Meeting, Aug 30, 2022 Nicholas Financial, Inc., Annual General Meeting, Aug 30, 2022, at 10:00 US Eastern Standard Time. Location: at 3600 ARCO CORPORATE DRIVE CHARLOTTE, NC 28273, SUITE 210, Charlotte North Carolina United States Agenda: To receive the Report of the Directors; to receive the consolidated financial statements of the Company for its fiscal year ended March 31, 2022, and the report of RSM US LLP, the Company’s Independent Registered Public Accounting Firm, thereon; to elect three directors, two to hold office until the 2025 Annual General Meeting of Shareholders, and one to hold office until the 2024 Annual General Meeting of Shareholders, until their respective successors are duly elected and qualified; to provide an advisory vote on the compensation for named executive officers as disclosed in the Executive Compensation Discussion and Analysis section and the accompanying compensation tables and narrative discussion contained in the accompanying Proxy Statement and Information Circular; and to transact such other business as may properly come before the Meeting. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Chairman Jeff Royal was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 24
Insider recently bought US$108k worth of stock On the 18th of November, Brendan Keating bought around 9k shares on-market at roughly US$11.97 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$1.1m more in shares than they have sold in the last 12 months. Board Change • Oct 10
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Chairman Jeff Royal was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jun 10
Independent Director recently bought US$735k worth of stock On the 7th of June, Adam M. Peterson bought around 67k shares on-market at roughly US$10.98 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$850k more in shares than they have sold in the last 12 months. Is New 90 Day High Low • Mar 12
New 90-day high: US$10.86 The company is up 28% from its price of US$8.49 on 11 December 2020. The American market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 27% over the same period. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improved over the past week After last week's 18% share price gain to US$10.66, the stock is trading at a trailing P/E ratio of 9.3x, up from the previous P/E ratio of 7.9x. This compares to an average P/E of 12x in the Consumer Finance industry in the US. Total returns to shareholders over the past three years are 19%. Is New 90 Day High Low • Feb 04
New 90-day high: US$10.27 The company is up 30% from its price of US$7.91 on 05 November 2020. The American market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 26% over the same period. Is New 90 Day High Low • Jan 20
New 90-day high: US$8.85 The company is up 13% from its price of US$7.85 on 21 October 2020. The American market is also up 13% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Consumer Finance industry, which is up 28% over the same period. Is New 90 Day High Low • Dec 11
New 90-day high: US$8.35 The company is up 10.0% from its price of US$7.60 on 11 September 2020. The American market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Finance industry, which is up 25% over the same period.