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) April 9, 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

The   company  announced  today  that  it  plans  to   offer
approximately 1,500,000 shares of common stock in  a  public
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 offered
by a group of selling shareholders.

The  Company  also  announced that its  common  stock  began
trading today on the NASDAQ National Market under the symbol
"NICK."  The Company's common stock was quoted and traded on
the  Nasdaq SmallCap System under the symbol "NICK"  through
April 6, 2004.

A copy of the Company's press release announcing the
foregoing actions is attached as Exhibit 26 to this Report
on Form 8-K and incorporated herein by reference.

Item  7. Financial Statements  and Exhibits

(c)  Exhibits        Description of Document

   Exhibit No.
     26         Press release announcing issuance of
                common stock in a secondary offering and also
                commencement of trading on the National Market
                System on NASDAQ dated April 8, 2004

<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: April  9, 2004          /s/ Peter L. Vosotas
                                Peter L. Vosotas
                                Chairman, President,
                                Chief Executive Officer
                                (Principal Executive Officer)

  Date: April 9, 2004            /s/ Ralph T. Finkenbrink
                                 Ralph T. Finkenbrink
                                 (Principal Financial Officer
                                  and Accounting Officer)


<PAGE> 4

                         Exhibit Index


Exhibit No.

     26        Press Release Dated April 8, 2004




<PAGE> 5

EXHIBIT 26 TO FORM 8-K



                     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 Announces Public Offering of Common Stock
  and Commencement of Trading on the NASDAQ National Market
                           System

Clearwater,  Florida, - April 8, 2004:  Nicholas  Financial,
Inc.  (Nasdaq, NICK) today announced that it plans to  offer
approximately 1,500,000 shares of common stock in  a  public
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 offered
by a group of selling shareholders.

Ferris, Baker Watts, Incorporated will serve as the managing
underwriter for the offering.  The Company has also  granted
the   underwriter  an  option  to  purchase  up  to  360,000
additional  shares of common stock to cover over-allotments,
if any.

A  registration  statement relating to these securities  has
been  filed with the Securities and Exchange Commission  but
has  not yet become effective. These securities may  not  be
sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. This press release
shall not constitute an offer to sell or the solicitation of
an  offer  to  buy  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.

Once  available,  preliminary prospectuses may  be  obtained
from  Ferris,  Baker Watts, Incorporated by  contacting  the
office at the following address:

Ferris, Baker Watts, Inc. -100 Light Street, 8th Floor
Baltimore, MD 21202 (Fax) 410-659-4632

The  Company  also  announced that its  common  stock  began
trading today on the NASDAQ National Market under the symbol
"NICK."  The Company's common stock was quoted and traded on
the  Nasdaq SmallCap System under the symbol "NICK"  through
April 6, 2004.

Founded  in  1985,  Nicholas  Financial  provides  specialty
consumer  finance  products through its  31  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.

                          ## End ##
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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": "04726265"}, "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) April 9, 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

The   company  announced  today  that  it  plans  to   offer
approximately 1,500,000 shares of common stock in  a  public
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 offered
by a group of selling shareholders.

The  Company  also  announced that its  common  stock  began
trading today on the NASDAQ National Market under the symbol
"NICK."  The Company's common stock was quoted and traded on
the  Nasdaq SmallCap System under the symbol "NICK"  through
April 6, 2004.

A copy of the Company's press release announcing the
foregoing actions is attached as Exhibit 26 to this Report
on Form 8-K and incorporated herein by reference.

Item  7. Financial Statements  and Exhibits

(c)  Exhibits        Description of Document

   Exhibit No.
     26         Press release announcing issuance of
                common stock in a secondary offering and also
                commencement of trading on the National Market
                System on NASDAQ dated April 8, 2004
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: April  9, 2004          /s/ Peter L. Vosotas
                                Peter L. Vosotas
                                Chairman, President,
                                Chief Executive Officer
                                (Principal Executive Officer)

  Date: April 9, 2004            /s/ Ralph T. Finkenbrink
                                 Ralph T. Finkenbrink
                                 (Principal Financial Officer
                                  and Accounting Officer)
4

                         Exhibit Index

Exhibit No.

     26        Press Release Dated April 8, 2004
5

EXHIBIT 26 TO FORM 8-K

                     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 Announces Public Offering of Common Stock
  and Commencement of Trading on the NASDAQ National Market
                           System

Clearwater,  Florida, - April 8, 2004:  Nicholas  Financial,
Inc.  (Nasdaq, NICK) today announced that it plans to  offer
approximately 1,500,000 shares of common stock in  a  public
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 offered
by a group of selling shareholders.

Ferris, Baker Watts, Incorporated will serve as the managing
underwriter for the offering.  The Company has also  granted
the   underwriter  an  option  to  purchase  up  to  360,000
additional  shares of common stock to cover over-allotments,
if any.

A  registration  statement relating to these securities  has
been  filed with the Securities and Exchange Commission  but
has  not yet become effective. These securities may  not  be
sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. This press release
shall not constitute an offer to sell or the solicitation of
an  offer  to  buy  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.

Once  available,  preliminary prospectuses may  be  obtained
from  Ferris,  Baker Watts, Incorporated by  contacting  the
office at the following address:

Ferris, Baker Watts, Inc. -100 Light Street, 8th Floor
Baltimore, MD 21202 (Fax) 410-659-4632

The  Company  also  announced that its  common  stock  began
trading today on the NASDAQ National Market under the symbol
"NICK."  The Company's common stock was quoted and traded on
the  Nasdaq SmallCap System under the symbol "NICK"  through
April 6, 2004.

Founded  in  1985,  Nicholas  Financial  provides  specialty
consumer  finance  products through its  31  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.

                          ## End ##