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) February 22, 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) 2 Item 8.01 Other Events FEBRUARY 22, 2005 - Clearwater, Florida, - Nicholas Financial, Inc. (Nasdaq, NICK), announced today that the Board of Directors has set the record date and payment date for its second dividend payment associated with the annual cash dividend of $0.10 per share announced on August 17, 2004, payable semi-annual. Shareholders of record as of March 8, 2005 will receive a cash dividend of $0.05 per share payable on March 22, 2005. The first dividend payment of $0.05 per share was made on September 17, 2004 to shareholders of record as of August 27, 2004. Item 9.01 Financial Statements and Exhibits 3 Exhibit # Description 99.2 Press release dated February 22, 2005, announcing the Board of Directors has set record date and the payment date of its second dividend payment. 4 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: February 22, 2005 /s/ Peter L. Vosotas Peter L. Vosotas Chairman, President, Chief Executive Officer (Principal Executive Officer) Date: February 22, 2005 /s/ Ralph T. Finkenbrink Ralph T. Finkenbrink (Principal Financial Officer and Accounting Officer) 4 Exhibit Index Exhibit Description 99.2 Press release dated February 22, 2005, announcing the Board of Directors has set record date and the payment date of its second dividend payment. 5 Exhibit 99.2 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 Record Date For Cash Dividend Payment FEBRUARY 22, 2005 - Clearwater, Florida, - Nicholas Financial, Inc. (Nasdaq, NICK), announced today that the Board of Directors has set the record date and payment date for its second dividend payment associated with the annual cash dividend of $0.10 per share announced on August 17, 2004, payable semi-annual. Shareholders of record as of March 8, 2005 will receive a cash dividend of $0.05 per share payable on March 22, 2005. The first dividend payment of $0.05 per share was made on September 17, 2004 to shareholders of record as of August 27, 2004. Founded in 1985, with assets of $114,029,000 as of December 31, 2004, Nicholas Financial, Inc. is one of the largest publicly traded specialty consumer finance companies based in the Southeast. The Company presently operates out of 35 branch locations in both the Southeast and the Mid-West States. The Company has approximately 6,600,000 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. ## End ##