Nicholas Announces Appointment of New CEO Effective December 12, 2017

Clearwater, Florida, - December 11, 2017 - On December 8, 2017, the Board of Nicholas Financial, Inc. (NASDAQ: NICK) (the “Company” or “Nicholas Financial”) appointed Douglas Marohn as President and Chief Executive Officer of the Company effective as of December 12, 2017.

“The Company is pleased to announce its new CEO, Doug Marohn.  This is a return home for Doug, since he spent over a decade at the Company (1998-2011) in various roles but primarily as Senior Vice President and VP of Operations.  As we move forward, the Company believes it has the leadership and aligned incentive system to increase value and adapt in the evolving and cyclical indirect subprime auto finance industry” said Robin Hastings, Chairperson of the Board of Directors.

Mr. Marohn most recently served as President / CEO of ML Credit Group, LLC (dba Metrolina Credit Company) since January 2014.  Metrolina Credit Company is a branch-based indirect subprime auto finance company doing business in the Carolinas.  Previously Mr. Marohn was Senior Vice President at TMX Finance overseeing its consumer loan operations.  Prior to TMX he spent 14 years with Nicholas Financial.  He has a total of 25 years of experience in the subprime auto finance industry.

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2017

Nicholas Announces Appointment of New CEO - December 11, 2017 - PDF Version   Press Release PDF

Nicholas Financial Reports 2nd Quarter Results - November 8, 2017 - PDF Version   Press Release PDF

Nicholas Financial Reports 1st Quarter Results - August 3, 2017 - PDF Version   Press Release PDF

Nicholas Financial Announces Retirement of CEO, effective September 30, 2017 - June 12, 2017 - PDF Version   Press Release PDF

Nicholas Financial Reports 4th Quarter Results - May 17, 2017 - PDF Version   Press Release PDF

Nicholas Financial Reports 3rd Quarter Results - February 2, 2017- PDF Version   Press Release PDF

Nicholas Financial Reports 2nd Quarter Results - November 2, 2016 - PDF Version   Press Release PDF

Nicholas Financial Reports 1st Quarter Results - July 28, 2016 - PDF Version   Press Release PDF

Nicholas Financial Reports 4th Quarter Results - May 9, 2016 - PDF Version   Press Release PDF

Nicholas Financial Reports 3rd Quarter Results - January 28, 2016 - PDF Version   Press Release PDF

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