UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                     Washington, DC  20549


                           FORM 8-K



                       CURRENT REPORT



           PURSUANT TO SECTION 13 OR 15(d) OF THE
               SECURITIES EXCHANGE ACT OF 1934



Date of Report (Date of earliest event reported) May 14, 2004


                   NICHOLAS FINANCIAL, INC.
    (Exact name of registrant as specified in its Charter)


   British Columbia, Canada        0-26680          8736-3354
(State or Other Jurisdiction of  (Commission   (I.R.S. Employer
 Incorporation or Organization)   File Number)  Identification No.)

  2454 McMullen Booth Road, Building C
    Clearwater, Florida                           33759
(Address of Principal Executive Offices)        (Zip Code)


                        (727) 726-0763
     (Registrant's telephone number, Including area code)


                        Not applicable
    (Former name, former address and former fiscal year, if
                 changed since last report)


<PAGE> 2



Item 5.     Other Events

     Nicholas  Financial, Inc. today announced that  it  has
priced  its previously announced public offering  of  common
stock  at $8.00 per share.  The Company is issuing 1,100,000
shares  in  the offering.  The proceeds of the issuance  are
expected  to  be  used  to pay down the  Company's  line  of
credit.  In addition, approximately 900,000 shares of common
stock will be sold by a group of selling shareholders.   The
offering is expected to close on or about May 18, 2004.



Item 7.     Financial Statements and Exhibits

Exhibit #      Description

 99    Press  release  dated  May 14, 2004,  announcing  the
    pricing  of  the  Company's previously announced  public
    offering of common stock at $8.00 per share.  The Company is
    issuing 1,100,000 shares in the offering

<PAGE> 3


                         SIGNATURES

   Pursuant  to the requirements of the Securities  Exchange
Act  of 1934, the Registrant has duly caused this Report  to
be  signed  on its behalf by the undersigned, hereunto  duly
authorized.


                  NICHOLAS FINANCIAL, INC.
                        (Registrant)


  Date: May 14, 2004            /s/ Peter L. Vosotas
                                Peter L. Vosotas
                                Chairman, President,
                                Chief Executive Officer
                                (Principal Executive Officer)


    Date: May 14, 2004         /s/ Ralph T. Finkenbrink
                               Ralph T. Finkenbrink
                               (Principal Financial Officer
                                and Accounting Officer)


<PAGE> 4

Exhibit Index

Exhibit     Description

 99   Press  release  dated  May 14,  2004,  announcing  the
       pricing of the Company's previously announced  public
       offering of common stock at $8.00 per share.  The Company is
       issuing 1,100,000 shares in the offering
                         Exhibit 99




                                       FOR IMMEDIATE RELEASE
Nicholas

Nicholas Financial, Inc.
Corporate Headquarters

2454 McMullen-Booth Rd.
Building C, Suite 501
Clearwater, FL 33759



Contact: Ralph Finkenbrink
         Sr. Vice President, Finance

NASDAQ: NICK
Web site: www.nicholasfinancial.com
Ph # - 727-726-0763
Fax # - 727-726-2140



Nicholas Financial Prices Public Offering of Common Stock at
                       $8.00 Per Share


Clearwater,  Florida  - May 14, 2004:   Nicholas  Financial,
Inc.  (Nasdaq, NICK) today announced that it has priced  its
previously  announced public offering  of  common  stock  at
$8.00 per share.  The Company is issuing 1,100,000 shares in
the offering.  The proceeds of the issuance are expected  to
be  used  to  pay  down the Company's line  of  credit.   In
addition, approximately 900,000 shares of common stock  will
be sold by a group of selling shareholders.  The offering is
expected to close on or about May 18, 2004.

Ferris, Baker Watts, Incorporated is serving as the managing
underwriter for the offering.  The Company has also  granted
the   underwriter  an  option  to  purchase  up  to  300,000
additional  shares of common stock to cover over-allotments,
if any.

The  registration statement relating to these securities has
been  filed with the Securities and Exchange Commission  and
has been declared effective.

This press release shall not constitute an offer to sell  or
the  solicitation of an offer to buy the common stock, which
is  being  made only pursuant to the prospectus relating  to
the   offering,  nor  shall  there  be  any  sale  of  these
securities in any state in which such offer, solicitation or
sale   would   be   unlawful  prior   to   registration   or
qualification under the securities laws of any  such  state.
Copies  of the prospectus relating to this offering  may  be
obtained  from the offices of Ferris Baker Watts  Inc.,  100
Light Street, 8th Floor, Baltimore, Maryland  21202.

Founded  in  1985,  Nicholas  Financial  provides  specialty
consumer  finance  products through its  32  branch  offices
located throughout the eastern United States.

Except for the historical information contained herein,  the
matters  discussed  in  this news release  include  forward-
looking  statements  that  involve risks  and  uncertainties
detailed  from  time  to time in the Company's  filings  and
reports  with the Securities and Exchange Commission.   Such
statements  are  based  on  the  beliefs  of  the  Company's
management  as  well as assumptions made by and  information
currently available to Company management. Actual events  or
results may differ materially.
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{"company-data": {"conformed-name": "NICHOLAS FINANCIAL INC", "cik": "0001000045", "assigned-sic": "6153", "irs-number": "593019317", "state-of-incorporation": "FL", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-26680", "film-number": "04810041"}, "business-address": {"street1": "2454 MCMILLEN BOOTH RD", "street2": "BLDG C 501 B", "city": "CLEARWATER", "state": "FL", "zip": "33759", "phone": "8137260763"}, "mail-address": {"street1": "2454 MCMULLEN BOOTH RD", "street2": "BLDG C SUITE 501B", "city": "CLEARWATER", "state": "FL", "zip": "33759"}}
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                     Washington, DC  20549

                           FORM 8-K

                       CURRENT REPORT

           PURSUANT TO SECTION 13 OR 15(d) OF THE
               SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) May 14, 2004

                   NICHOLAS FINANCIAL, INC.
    (Exact name of registrant as specified in its Charter)

   British Columbia, Canada        0-26680          8736-3354
(State or Other Jurisdiction of  (Commission   (I.R.S. Employer
 Incorporation or Organization)   File Number)  Identification No.)

  2454 McMullen Booth Road, Building C
    Clearwater, Florida                           33759
(Address of Principal Executive Offices)        (Zip Code)

                        (727) 726-0763
     (Registrant's telephone number, Including area code)

                        Not applicable
    (Former name, former address and former fiscal year, if
                 changed since last report)
2

Item 5.     Other Events

     Nicholas  Financial, Inc. today announced that  it  has
priced  its previously announced public offering  of  common
stock  at $8.00 per share.  The Company is issuing 1,100,000
shares  in  the offering.  The proceeds of the issuance  are
expected  to  be  used  to pay down the  Company's  line  of
credit.  In addition, approximately 900,000 shares of common
stock will be sold by a group of selling shareholders.   The
offering is expected to close on or about May 18, 2004.

Item 7.     Financial Statements and Exhibits

Exhibit #      Description

 99    Press  release  dated  May 14, 2004,  announcing  the
    pricing  of  the  Company's previously announced  public
    offering of common stock at $8.00 per share.  The Company is
    issuing 1,100,000 shares in the offering
3

                         SIGNATURES

   Pursuant  to the requirements of the Securities  Exchange
Act  of 1934, the Registrant has duly caused this Report  to
be  signed  on its behalf by the undersigned, hereunto  duly
authorized.

                  NICHOLAS FINANCIAL, INC.
                        (Registrant)

  Date: May 14, 2004            /s/ Peter L. Vosotas
                                Peter L. Vosotas
                                Chairman, President,
                                Chief Executive Officer
                                (Principal Executive Officer)

    Date: May 14, 2004         /s/ Ralph T. Finkenbrink
                               Ralph T. Finkenbrink
                               (Principal Financial Officer
                                and Accounting Officer)
4

Exhibit Index

Exhibit     Description

 99   Press  release  dated  May 14,  2004,  announcing  the
       pricing of the Company's previously announced  public
       offering of common stock at $8.00 per share.  The Company is
       issuing 1,100,000 shares in the offering
                         Exhibit 99

                                       FOR IMMEDIATE RELEASE
Nicholas

Nicholas Financial, Inc.
Corporate Headquarters

2454 McMullen-Booth Rd.
Building C, Suite 501
Clearwater, FL 33759

Contact: Ralph Finkenbrink
         Sr. Vice President, Finance

NASDAQ: NICK
Web site: www.nicholasfinancial.com
Ph # - 727-726-0763
Fax # - 727-726-2140

Nicholas Financial Prices Public Offering of Common Stock at
                       $8.00 Per Share

Clearwater,  Florida  - May 14, 2004:   Nicholas  Financial,
Inc.  (Nasdaq, NICK) today announced that it has priced  its
previously  announced public offering  of  common  stock  at
$8.00 per share.  The Company is issuing 1,100,000 shares in
the offering.  The proceeds of the issuance are expected  to
be  used  to  pay  down the Company's line  of  credit.   In
addition, approximately 900,000 shares of common stock  will
be sold by a group of selling shareholders.  The offering is
expected to close on or about May 18, 2004.

Ferris, Baker Watts, Incorporated is serving as the managing
underwriter for the offering.  The Company has also  granted
the   underwriter  an  option  to  purchase  up  to  300,000
additional  shares of common stock to cover over-allotments,
if any.

The  registration statement relating to these securities has
been  filed with the Securities and Exchange Commission  and
has been declared effective.

This press release shall not constitute an offer to sell  or
the  solicitation of an offer to buy the common stock, which
is  being  made only pursuant to the prospectus relating  to
the   offering,  nor  shall  there  be  any  sale  of  these
securities in any state in which such offer, solicitation or
sale   would   be   unlawful  prior   to   registration   or
qualification under the securities laws of any  such  state.
Copies  of the prospectus relating to this offering  may  be
obtained  from the offices of Ferris Baker Watts  Inc.,  100
Light Street, 8th Floor, Baltimore, Maryland  21202.

Founded  in  1985,  Nicholas  Financial  provides  specialty
consumer  finance  products through its  32  branch  offices
located throughout the eastern United States.

Except for the historical information contained herein,  the
matters  discussed  in  this news release  include  forward-
looking  statements  that  involve risks  and  uncertainties
detailed  from  time  to time in the Company's  filings  and
reports  with the Securities and Exchange Commission.   Such
statements  are  based  on  the  beliefs  of  the  Company's
management  as  well as assumptions made by and  information
currently available to Company management. Actual events  or
results may differ materially.