UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
NICHOLAS FINANCIAL, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
65373J209
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(CUSIP Number)
12/1/03
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
|X| Rule 13d-1(c)
[ ] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following page(s))
Page 1 of 5 Pages
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CUSIP No. 65373J209
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Melvin S.
Cutler, Individual Melvin S. Cutler, for each entity in Item 9
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 5 SOLE VOTING POWER
SHARES 271,333
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING 271,333
=================================================
PERSON 8 SHARED DISPOSITIVE POWER
WITH 0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Melvin S. Cutler=121,333
Cutler Associates Investments, Inc.=50,000
Cutler Investment Fund, LLC=60,000
Melvin S. Cutler Charitable=40,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) [ ]
EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.3%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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Page 2 of 5 Pages
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CUSIP No. 65373J209
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Item 1(a). Name of Issuer:
Nicholas Financial, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
2454 McMullen Booth Road
Building C
Clearwater, Florida 33759
Item 2(a). Name of Person Filing:
Melvin S. Cutler
Item 2(b). Address of Principal Business Office or, if none, Residence:
35388 U.S. 19 North
Palm Harbor, Florida 34684
Item 2(c). Citizenship:
United States
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
65373J209
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b) or (c), check whether the person filing is a:
Not applicable
Item 4. Ownership (as of February 26, 2004)
(a) Amount Beneficially Owned: 271,333
(b) Percent of Class: 5.3%
Page 3 of 5 Pages
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CUSIP No. 65373J209
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
271,333
(ii) shared power to vote or to direct the vote:
0
(iii) sole power to dispose or to direct the disposition of:
271,333
(iv) shared power to dispose or to direct the disposition of:
0
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
Not applicable
Item 8. Identification and Classification of Members of the Group.
Not applicable
Item 9. Notice of Dissolution of Group.
Not applicable
Item 10. Certification.
By signing below, I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
Page 4 of 5 Pages
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CUSIP No. 65373J209
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 26, 2004
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Date
/s/ Melvin S. Cutler
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(Signature)
Melvin S. Cutler
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(Name and Title)
Page 5 of 5 Pages