On October 7, 2021, Mark R. Hutchins and Brendan J. Keating were elected to the board of directors of Nicholas Financial, Inc. at the recommendation of the Nominating/Corporate Governance Committee of the Board. Mr. Hutchins was elected to fill the vacancy left by the resignation of Robin Hastings on September 30, 2021. He will also serve as chair of the board’s audit committee. Mr. Keating was elected in conjunction with an increase in the size of the Board from five to six members.