Nicholas Financial, Inc. - NASDAQ Global Select company

OUR MANAGEMENT TEAM

Nicholas Financial, Inc. - established in 1985 & publicly traded since 1987

Doug Marohn

President & CEO

The Company is pleased to announce the return home of Doug Marohn as President & CEO.  Doug spent over a decade at Nicholas (1998 -2011) in various roles but primarily as Senior Vice President and VP of Operations.  He was elected to Nicholas Financial's Board of Directors in January of 2018.

Before rejoining Nicholas Financial, Doug most recently served as President/CEO of M L Credit Group, LLC (dba Metrolina Credit Company). Metrolina Credit Company is a branch-based indirect subprime auto finance company doing business in the Carolinas. Previously he 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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Kevin Bates

Senior Vice President - Operations

Kevin Bates has served as Senior Vice President – Branch Operations of the Company since May 31, 2014. He has been employed by the Company in various capacities since April 1, 1997, most recently as Vice President of Marketing from June 2011 through May 2014 and Regional Vice President from April 2009 through May 2014.

During his more than 21-year tenure with the Company, Mr. Bates also previously served as Branch Manager and Regional Director of the Company. Mr. Bates received his B.S. degree in Business Management from St. Bonaventure University in 1993.

Katie MacGillivary

Vice President - Finance & CFO, Corporate Secretary

Katie L. MacGillivary has been the Chief Financial Officer and Corporate Secretary of Nicholas Financial Inc. since May 31, 2014 and Vice President of Finance since May 2012. Mrs. MacGillivary joined as Controller in April 2010.

Prior to joining the Company, Mrs. MacGillivary served as the Controller for Harden & Associates in Jacksonville, FL, several accounting positions with TECO Energy, Inc. in Tampa, Florida and worked as an auditor at Ernst and Young, LLP. Mrs. MacGillivary received her B.S. degree in Accounting from the University of Central Florida in 2001 and her M.B.A. degree from the University of Florida in 2008. She is a Certified Public Accountant licensed to practice in the State of Florida.

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For more information, send your questions to investorservices@nicfn.com