CUSIP No. 6573J20 Page 1 of 6 Pages
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Nicholas Financial, Inc.
(Name of Issuer)
Common Stock, no par value
(Title of Class of Securities)
65373J20
(CUSIP Number)
October 1, 1998
(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)
CUSIP No. 6573J20 Page 2 of 6 Pages
================================================================================
1 NAME OF REPORTING PERSON
Mahan Children, LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ]
(b)[ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
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NUMBER OF 5 SOLE VOTING POWER
SHARES 372,464
BENEFICIALLY ----------------------------------------------------
6 SHARED VOTING POWER
OWNED BY
0
EACH
----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 372,464
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
372,464
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.3%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
OO
================================================================================
CUSIP No. 6573J20 Page 3 of 6 Pages
Item 1(a) Name of Issuer:
Nicholas Financial, Inc.
Item 1(b) Address of Issuer's Principal Office:
2454 McMullen Booth Road
Building C
Clearwater, Florida 33759
Item 2(a) Name of Person Filing:
Mahan Children, LLC, a New Jersey limited liability company.
Item 2(b) Address of Principal Business Office or, if none, Residence:
The principal business office of Mahan Children, LLC is Stonehouse
Road, PO Box 407, Millington, New Jersey.
Item 2(c) Citizenship:
Mahan Children, LLC is a New Jersey limited liability company.
Item 2(d) Title of Class of Securities:
Common Stock.
Item 2(e) CUSIP Number:
65373J20
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C.
78o).
(b) [ ] Bank as defined section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15
U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance
with ss.240.13d-1(b)(1)(ii)(F);
CUSIP No. 6573J20 Page 4 of 6 Pages
(g) [ ] A parent holding company or control person in accordance
withss.240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C.
80a-3);
(j) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).
Item 4. Ownership
(a) Amount Beneficially Owned:
Mahan Children, LLC beneficially owns 372,464 shares of the Issuer's
Common Stock. All references to number of shares of the Issuer's Common Stock
set forth in this statement reflect the Issuer's 2 for 1 Common Stock split
effective September 11, 2001.
(b) Percent of Class:
Mahan Family, LLC beneficially owns 7.3% of the Issuer's Common
Stock.
(c) Number of shares listed below as to which Mahan Family, LLC has:
(i) sole power to vote or direct the vote:
372,464
(ii) shared power to vote or direct the vote:
0
(iii) sole power to dispose or direct the disposition of:
372,464
(iv) shared power to dispose or direct the disposition of:
0
CUSIP No. 6573J20 Page 5 of 6 Pages
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ].
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.
CUSIP No. 6573J20 Page 6 of 6 Pages
SIGNATURES
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.
Date: October 10, 2001
MAHAN CHILDREN, LLC
By: /s/ Roger T. Mahan
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Roger T. Mahan, Manager