CUSIP No. 6573J20 Page 1 of 8 Pages
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Nicholas Financial, Inc.
(Name of Issuer)
Common Stock, no par value
(Title of Class of Securities)
65373J20
(CUSIP Number)
March 13, 1996
(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 8 Pages
================================================================================
1 NAME OF REPORTING PERSON
Marvin H. Mahan
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ]
(b)[ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 34,000
BENEFICIALLY ----------------------------------------------------
6 SHARED VOTING POWER
OWNED BY
203,666
EACH
----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 34,000
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
203,666
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
724,820
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.3%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
================================================================================
CUSIP No. 6573J20 Page 3 of 8 Pages
================================================================================
1 NAME OF REPORTING PERSON
Ingrid T. Mahan
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ]
(b)[ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 13,334
BENEFICIALLY ----------------------------------------------------
6 SHARED VOTING POWER
OWNED BY
677,486
EACH
----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 13,334
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
677,486
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
724,820
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.3%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
================================================================================
CUSIP No. 6573J20 Page 4 of 8 Pages
Item 1(a) Name of Issuer:
Nicholas Financial, Inc.
Item 1(b) Address of Issuer's Principal Office:
2454 McMullen Booth Road
Building C
Clearwater, Florida 33759
Item 2(a) Name of Person Filing:
Marvin H. Mahan and Ingrid T. Mahan, husband and wife.
Item 2(b) Address of Principal Business Office or, if none, Residence:
The residential address of each person filing is 6268 Palma Del Mar
#110E, St. Petersburg, Florida 33715.
Item 2(c) Citizenship:
Marvin H. Mahan and Ingrid T. Mahan are each United States citizens and
residents of the State of Florida.
Item 2(d) Title of Class of Securities:
Common Stock, no par value
Item 2(e) CUSIP Number:
65373J20
Item 3. If this statement is filed pursuant to ss.ss. 240.13d-1(b) or
240.13d-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);
CUSIP No. 6573J20 Page 5 of 8 Pages
(f) [ ] An employee benefit plan or endowment fund in accordance
with ss.240.13d-1(b)(1)(ii)(F);
(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);
(i) [ ] 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);
(j) [ ] Group, in accordance withss.240.13d-1(b)(1)(ii)(J).
Item 4. Ownership
(a) Amount Beneficially Owned:
Ingrid T. Mahan owns directly 13,334 shares of the Issuer's Common
Stock. Ingrid T. Mahan, as the majority equityholder in Mahan Family, LLC, is
deemed to beneficially own the 473,820 shares of the Issuer's Common Stock owned
by Mahan Family, LLC. (Ingrid T. Mahan is also one of five managers of Mahan
Family, LLC and in such capacity has a 47% voting interest with respect to any
matter submitted to a vote of its managers.) Ingrid T. Mahan, as the sole
shareholder of Grenma, Inc., is deemed to own the 203,666 shares of the Issuer's
Common Stock owned by Grenma, Inc. Ingrid T. Mahan is also deemed to
beneficially own the 34,000 shares of the Issuer's Common Stock owned directly
by her husband, Marvin H. Mahan.
Marvin H. Mahan owns directly 34,000 shares of the Issuer's Common
Stock. Marvin H. Mahan, as Ingrid T. Mahan's husband, is deemed to beneficially
own the 473,820 shares of the Issuer's Common Stock owned by Mahan Family, LLC.
(Marvin H. Mahan is also one of five managers of Mahan Family, LLC and in such
capacity has a 47% voting interest with respect to any matter submitted to a
vote of its managers. In addition, he owns a less than 1% equity interest in
Mahan Family LLC.) Marvin H. Mahan, as Ingrid T. Mahan's husband and as the sole
director of Grenma, Inc., is deemed to beneficially own the 203,666 shares of
the Issuer's Common Stock owned by Grenma, Inc. Marvin H. Mahan is also deemed
to beneficially own the 13,334 shares of the Issuer's Common Stock owned
directly by his wife Ingrid T. Mahan.
All references to number of 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.
CUSIP No. 6573J20 Page 6 of 8 Pages
(b) Percent of Class:
Each of Marvin H. Mahan and Ingrid T. Mahan beneficially owns the same
724,820 shares of the Issuers Common Stock, which shares represent 14.3% of the
total outstanding shares of the Issuer's Common Stock.
(c) Number of shares as to which each of Marvin H. Mahan and Ingrid
T. Mahan has:
(i) sole power to vote or direct the vote:
Marvin H. Mahan 34,000
Ingrid T. Mahan 13,334
(ii) shared power to vote or direct the vote:
Marvin H. Mahan 203,666
Ingrid T. Mahan 677,486
(iii) sole power to dispose or direct the disposition of:
Marvin H. Mahan 34,000
Ingrid T. Mahan 13,334
(iv) shared power to dispose or direct the disposition of:
Marvin H. Mahan 203,666
Ingrid T. Mahan 677,486
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.
CUSIP No. 6573J20 Page 7 of 8 Pages
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 10, 2001
By: /s/ Marvin H. Mahan
--------------------------------
Marvin H. Mahan
By: /s/ Ingrid T. Mahan
--------------------------------
Ingrid T. Mahan