Medallion Financial Corp. Files 8-K, Not an Emerging Growth Company

TL;DR

**MFIN filed an 8-K, confirming it's not an emerging growth company, meaning standard accounting rules apply.**

AI Summary

Medallion Financial Corp. filed an 8-K on January 30, 2024, primarily to disclose information under Regulation FD and to include financial statements and exhibits. This filing indicates that the company is not an 'emerging growth company,' meaning it must comply with all new or revised financial accounting standards without an extended transition period. For investors, this matters because it signals Medallion Financial Corp. operates under the same rigorous reporting standards as larger, more established companies, potentially offering greater transparency and less regulatory flexibility.

Why It Matters

This filing confirms Medallion Financial Corp. is subject to full SEC reporting requirements, which can impact its operational flexibility and financial transparency for investors.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure and does not present new or elevated risks to investors.

Analyst Insight

Investors should note that Medallion Financial Corp. operates under standard regulatory compliance, which implies no special accounting flexibility. This is a routine filing and does not warrant immediate action.

Key Players & Entities

• MEDALLION FINANCIAL CORP. (company) — the registrant filing the 8-K
• Delaware (company) — state of incorporation for Medallion Financial Corp.
• NASDAQ Global Select Market (company) — exchange where Medallion Financial Corp.'s Common Stock is registered
• January 30, 2024 (date) — date of earliest event reported and filing date

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share MFIN NASDAQ Global Select

Filing Documents

• mfin-20240130.htm (8-K) — 37KB
• mfin-ex99_1.htm (EX-99.1) — 137KB
• img225047079_0.jpg (GRAPHIC) — 3KB
• 0000950170-24-008864.txt ( ) — 306KB
• mfin-20240130.xsd (EX-101.SCH) — 30KB
• mfin-20240130_htm.xml (XML) — 5KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. Medallion Bank, a wholly owned subsidiary of Medallion Financial Corp. (the "Company"), issued a press release to the news media announcing, among other things, the Company's results for the quarter and year ended December 31, 2023. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in the press release is being furnished, not filed, pursuant to Item 7.01. Accordingly, the information in the press release will not be incorporated by reference into any registration statement filed by the Company under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits The following exhibits are being filed with this Current Report on Form 8-K: 99.1 Press release, dated January 30, 2024 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: January 30, 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 filing on SEC EDGAR