Brief: Nicholas Financial - In Response To Anticipated Impact From Covid-19, Company Announced Certain Measures - SEC Filing

Old Market Capital

15/04/2020 14:26

April 15 (Reuters) - Nicholas Financial Inc  NICK.O :
    * NICHOLAS FINANCIAL SAYS ON APRIL 13, IN RESPONSE TO
ANTICIPATED
IMPACT FROM COVID-19, COMPANY ANNOUNCED CERTAIN MEASURES - SEC
FILING
    * NICHOLAS FINANCIAL INC - COMPANY IS TEMPORARILY
FURLOUGHING
APPROXIMATELY 40 EMPLOYEES THAT REPRESENT 15% OF COMPANY'S
WORKFORCE
    * NICHOLAS FINANCIAL INC - EMPLOYEES WILL NOT RECEIVE
COMPENSATION
FROM COMPANY DURING FURLOUGH PERIOD STARTING APRIL 14, 2020 FOR
HOURLY EMPLOYEES
    * NICHOLAS FINANCIAL INC - EMPLOYEES WILL NOT RECEIVE
COMPENSATION
FROM APRIL 18, 2020 FOR SALARIED EMPLOYEES
    * NICHOLAS FINANCIAL INC - COMPANY ANTICIPATES FURLOUGH
PERIOD
WILL END ON MAY 17, 2020
    * NICHOLAS FINANCIAL INC - COMPANY ANTICIPATES ALL
FURLOUGHED
EMPLOYEES WILL BE ELIGIBLE TO RETURN TO WORK STARTING ON MAY 18,
2020

Source text for Eikon: https://bit.ly/2z2Z0GE
Further company coverage:  NICK.O 

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