Medallion Financial Corp. Files 8-K/A Amendment

TL;DR

MFIN filed an 8-K/A amendment on Nov 4th, updating material agreements and financials from Nov 1st.

AI Summary

Medallion Financial Corp. filed an 8-K/A amendment on November 4, 2024, related to events occurring on November 1, 2024. The filing pertains to entry into a material definitive agreement and includes financial statements and exhibits. The company is incorporated in Delaware and headquartered in New York.

Why It Matters

This amendment to a previous filing indicates updates or additions to material definitive agreements and financial disclosures for Medallion Financial Corp.

Risk Assessment

Risk Level: low — This is a routine amendment filing (8-K/A) that provides updated information without indicating new significant risks.

Key Numbers

• 001-37747 — SEC File Number (Identifies the company's filing history with the SEC.)
• 04-3291176 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• Medallion Financial Corp. (company) — Registrant
• November 1, 2024 (date) — Earliest event date reported
• November 4, 2024 (date) — Filing date
• 437 Madison Avenue, 38th Floor, New York, New York 10022 (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share MFIN NASDAQ Global Select
• $0.13 — lared, a quarterly dividend of at least $0.13 per share of common stock; and (ii) 3
• $0.12 — lared, a quarterly dividend of at least $0.12 per share of common stock; and (iii)

Filing Documents

• mfin-20241101.htm (8-K/A) — 47KB
• mfin-ex10_3.htm (EX-10.3) — 34KB
• 0000950170-24-120682.txt ( ) — 211KB
• mfin-20241101.xsd (EX-101.SCH) — 31KB
• mfin-20241101_htm.xml (XML) — 5KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Amendment 2 to Korr Cooperation Agreement On November 1, 2024, Medallion Financial Corp. (the " Company ") entered into Amendment No. 2 to Cooperation Agreement (the " Second Amendment ") with KORR Value L.P., KORR Acquisitions Group, Inc., Kenneth Orr, David Orr and Jonathan Orr (the " KORR Parties "), which amended the Cooperation Agreement dated as of May 1, 2022 (the " Original Agreement "), as amended by that certain Amendment to Cooperation Agreement, dated as of August 10, 2022 (the " First Amendment, " and, the Original Agreement, as so amended by the First Amendment and the Second Amendment, the " Cooperation Agreement ") . Pursuant to the Second Amendment, the requirement that the Company's board of directors (the " Board ") increase the size of the Board by one director and appoint an additional independent director (along with the related obligation to appoint such director to the Investment Oversight Committee) was deleted. the Cooperation Agreement will automatically terminate: (i) 30 days before the nomination deadline for the Company's 2028 Annual Meeting of Stockholders if the Company has publicly announced on or before the 30th day before the nomination deadline for the Company's 2027 Annual Meeting of Stockholders that it intends to declare, or has declared, a quarterly dividend of at least $0.13 per share of common stock; and (ii) 30 days before the nomination deadline for the Company's 2027 Annual Meeting of Stockholders if the Company has publicly announced on or before the 30th day before the nomination deadline for the Company's 2026 Annual Meeting of Stockholders that it intends to declare, or has declared, a quarterly dividend of at least $0.12 per share of common stock; and (iii) 30 days before the nomination deadline for the Company's 2026 Annual Meeting of Stockholders if the requirement of the foregoing clause (ii) is not fulfilled. The other provisions of the Origi

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits 10.1 Cooperation Agreement, dated as of May 1, 2022, by and among Medallion Financial Corp., KORR Value L.P., KORR Acquisitions Group, Inc., Kenneth Orr, David Orr, and Jonathan Orr. (Filed as Exhibit 10.1 to the Current Report on Form 8-K filed on May 2, 2022 (File No. 001-37747) and incorporated by reference herein.) 10.2 Amendment to Cooperation Agreement, dated as of August 10, 2022, by and among Medallion Financial Corp., KORR Value L.P., KORR Acquisitions Group, Inc., Kenneth Orr, David Orr, and Jonathan Orr. (Filed as Exhibit 10.2 to the Current Report on Form 8-K/A filed on August 11, 2022 (File No. 001-37747) and incorporated by reference herein.) . 10.3 Amendment 2 to Cooperation Agreement, dated as of November 1, 2024, by and among Medallion Financial Corp., KORR Value L.P., KORR Acquisitions Group, Inc., Kenneth Orr, David Orr, and Jonathan Orr. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: November 4, 2024 MEDALLION FINANCIAL CORP. By: /s/ Anthony N. Cutrone Name: Anthony N. Cutrone Title: Chief Financial Officer 3

View Full Filing

View this 8-K/A filing on SEC EDGAR