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) July 2, 2002
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 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)
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Item 5. Other Events
On June 28, 2002 Nicholas Financial, Inc. (the "Company")
amended its credit line to extend the maturity date until
November 30, 2004.
A copy of the Company's press release announcing the
foregoing actions is attached as Exhibit 99.1 to this Report on
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 July 1, 2002 issued by
the registrant
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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: July 2, 2002 /s/ Peter L. Vosotas
Peter L. Vosotas
Chairman, President,
Chief Executive Officer
(Principal Executive Officer)
Date: July 2, 2002 /s/ Ralph T. Finkenbrink
Ralph T. Finkenbrink
(Principal Financial Officer
and Accounting Officer)
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Exhibit Index
Exhibit No.
99.1 Press Release, dated July 1, 2002
FOR IMMEDIATE RELEASE
-----------------------
Nicholas Financial, Inc.
Corporate Headquarters NASDAQ: NICK
Web site: www.nicholasfinancial.com
2454 McMullen-Booth Rd. Contact: Ralph Finkenbrink
Building C, Suite 501 Sr. Vice President, CFO
Clearwater, FL 33759 Ph # - 727-726-0763
Nicholas Financial Announces its $75,000,000 Revolving Bank Credit
Line has been extended until November 2004.
JULY 1, 2002 - Clearwater, Florida - Nicholas Financial, Inc.
(Nasdaq, NICK), today announced that it has signed an amendment to
the Company's credit line facility, which extends the maturity date
of the current credit line to November 30, 2004. Company C.F.O.
Ralph Finkenbrink stated, "Nicholas Financial is pleased to
continue its lending relationship with Bank of America, which began
in March of 1993 and now includes Hibernia Bank and First Tennessee
Bank as participating banks in its Revolving Credit Line Facility."
Founded in 1985, with current assets of $77,690,000 as of March 31,
2002, Nicholas Financial is one of the largest publicly traded
specialty consumer finance companies based in the Southeast. The
Company has approximately 5,000,000 shares of common stock
outstanding and has reported increased revenues and earnings for
the past 12 years in a row.
The Company will hold its annual meeting at the Countryside Country
Club in Clearwater, Florida on August 7, 2002 at 9 AM.
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