On February 20, 2018, Nicholas Financial, Inc. announced the appointment of Chad Steinorth as Vice President and Interim Chief Financial Officer effective on or before March 1, 2018. Mr. Steinorth will be rejoining the Company, having originally spent 13 years with Nicholas Financial from November 1993 to November 2006, holding several positions including Controller and Vice President of Finance. Mr. Steinorth will serve as the Interim Chief Financial Officer while the Company completes a search for a permanent replacement.

Once that replacement is named and installed, Mr. Steinorth is expected to remain with the Company and assist with many other special projects and initiatives.