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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) September 5,
1997
NICHOLAS FINANCIAL, INC.
(Exact name of registrant as specified in its Charter)
British Columbia, Canada 333-08407 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 34619
(Address of Principal Executive Offices) (Zip Code)
(813) 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
Effective September 5, 1997, the Company consolidated its
shares on a one (1) for three (3) basis in order to meet the
NASDAQ minimum bid price of $4.00 per share. The Company expects
to file its application for NASDAQ listing immediately and
believes it meets all of the listing criteria.
On September 8, 1997, the registrant issued a press release
announcing the transaction, a copy of which is attached as
exhibit 99.1 to this Form 8-K and incorporated herein by
reference.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Description of Document
99.1 Press release dated September 8, 1997
issued by the registrant
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SIGNATURES
In accordance with the requirements of the Securities Act of
1934, the Registrant certifies that it has reasonable grounds to
believe that it meets all of the requirements for filing on Form
8-K and authorized this Report to be signed on its behalf by the
undersigned, in the City of Clearwater, State of Florida, on
September 12, 1997.
NICHOLAS FINANCIAL, INC.
(Registrant)
Date: September 12, 1997 /s/ Peter L. Vosotas
Peter L. Vosotas
Chairman, President, Chief
Executive Officer
(Principal Executive Officer)
Date: September 12, 1997 /s/ Ralph T. Finkenbrink
Ralph T. Finkenbrink
(Principal Financial Officer
and Accounting Officer)
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FOR IMMEDIATE RELEASE
Nicholas Financial, Inc.
Corporate Headquarters
2454 McMullen-Booth Rd.
Building C, Suite 501
Clearwater, FL 33759
Date: September 8, 1997 Symbol:(VSE): NIC.U
Contact: Peter L. Vosotas (OTC): NCFND
Chairman & President
Nicholas Financial, Inc.
Ph # - 813-726-0763
fax # - 813-726-2140
web site: www.nicfn.com
NICHOLAS FINANCIAL TO APPLY FOR NASDAQ LISTING
Clearwater, Florida, - Nicholas Financial, the company is pleased
to announce that it intends to apply for a Nasdaq listing in the
immediate future. The company is currently listed on the OTC
Bulletin Board and has been listed on the Vancouver Stock
Exchange since 1987.
The company recently consolidated it's shares on a one (1) for
three (3) basis in order to meet the Nasdaq minimum price of
$4.00 per share. The stock symbols on the respective exchanges
have changed from NFC.U to NIC.U on the Vancouver Exchange and
from NCFNF to NCFND on the OTC Bulletin Board.
According to, Peter Vosotas, President and CEO, "We believe that
our company now meets all the Nasdaq listing requirements and we
are very optimistic that our application will be approved without
any delays. We believe that the Nasdaq listing will allow a far
larger audience to track the performance of our company and it
will also allow our shareholders and stockbrokers in the United
States to have far easier access to pricing information of our
shares.
The company is also pleased to note that it has opened a Branch
office in Jacksonville, Florida. The company now operates
fourteen (14) Branch offices in Florida and Georgia.
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Nicholas Financial, Inc. is a specialized finance company that
provides funding for pre-owned automobiles and light trucks. The
company acquires and services retail installment sales contracts
through a network of branch office locations in Florida and
Georgia. The company also provides small consumer loans. Its
software subsidiary, Nicholas Data Services, Inc., designs,
develops, supports and sells computer software to small
businesses.
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