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
13, 2005
NICHOLAS FINANCIAL, INC.
(Exact name of registrant as specified in its Charter)
British Columbia, Canada 0-26680 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 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)
1
Item 8.01 Other Events
SEPTEMBER 13, 2005 - Clearwater, Florida., - Nicholas
Financial, Inc. (Nasdaq, NICK) today announced that the
Company has executed an amendment to its $85 million credit
line that reduces the interest rate charged to the Company
by 37.5 basis points (.375%) and extends the maturity date
of the facility to November 30, 2008. The amendment becomes
effective September 15, 2005.
Item 9.01 Financial Statements and Exhibits
Exhibit # Description
32 Press release date September 13, 2005.
2
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: September 13, 2005 /s/ Peter L. Vosotas
Peter L. Vosotas
Chairman, President,
Chief Executive Officer
(Principal Executive Officer)
Date: September 13, 2005 /s/ Ralph T. Finkenbrink
Ralph T. Finkenbrink
(Principal Financial
Officer and Accounting
Officer)
3
Exhibit Index
Exhibit Description
32 Press release dated September 13, 2005.
Exhibit 32
4
FOR IMMEDIATE RELEASE
Nicholas Financial, Inc.
Corporate Headquarters
2454 McMullen-Booth Rd.
Building C, Suite 501
Clearwater, FL 33759
Contact: Ralph Finkenbrink
Sr.Vice President, CFO
NASDAQ: NICK
Web Site: www.nicholasfinancial.com
Ph # - 727-726-0763
Nicholas Financial Announces
Credit Line Extension & Rate Reduction
SEPTEMBER 13, 2005 - Clearwater, Florida., - Nicholas
Financial, Inc. (Nasdaq, NICK) today announced that the
Company has executed an amendment to its $85 million credit
line that reduces the interest rate charged to the Company
by 37.5 basis points (.375%) and extends the maturity date
of the facility to November 30, 2008. The amendment becomes
effective September 15, 2005.
According to Peter Vosotas, Chief Executive Officer and
President, "The extension of the credit line will allow us
to continue our planned growth for the next three years."
Mr. Vosotas also stated, "The Company is pleased to continue
its lending relationship with Bank of America, which began
in March of 1993 and also includes Hibernia Bank, First
Tennessee Bank, and Bank of Scotland as participating
banks."
Founded in 1985, with assets of $125,820,000 as of June 30,
2005, Nicholas Financial, Inc. is one of the largest
publicly traded specialty consumer finance companies based
in the Southeast. The Company presently operates out of 37
branch locations in both the Southeast and the Mid-West
States. The Company has approximately 10,000,000 shares of
common stock outstanding. For an index of Nicholas Financial
Inc.'s news releases or to obtain a specific release, visit
our web site at www.nicholasfinancial.com
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