Medallion Financial Corp. Files Proxy Materials

TL;DR

MFIN proxy filing is in, shareholders get to vote on company matters.

AI Summary

Medallion Financial Corp. filed a Definitive Additional Materials proxy statement on May 13, 2024. This filing relates to the company's proxy materials for its annual meeting, which covers the fiscal year ending December 31, 2023. The company is incorporated in Delaware and its principal business address is in New York.

Why It Matters

This filing provides shareholders with important information regarding the company's governance and upcoming voting matters, allowing them to make informed decisions.

Risk Assessment

Risk Level: low — This is a routine proxy filing and does not contain new financial information or significant corporate actions that would inherently increase risk.

Key Numbers

• 2023-12-31 — Fiscal Year End (The filing covers the fiscal year ending on this date.)
• 20240513 — Filing Date (The date the proxy materials were filed with the SEC.)

Key Players & Entities

• MEDALLION FINANCIAL CORP (company) — Registrant
• 437 MADISON AVE 38 TH FLOOR (company) — Business Address
• NEW YORK (company) — Business Address City
• 2123282153 (company) — Business Phone

FAQ

Key Financial Figures

• $153 million — ears, the Company has: Generated over $153 million of earnings , Reinstated and raised i
• $0.10 — ed and raised its quarterly dividend to $0.10 per share , Returned over $36 million
• $36 million — nd to $0.10 per share , Returned over $36 million to shareholders in the form of dividend
• $15 million — dings in your company as a debt holder: $15 million principal amount of preferred trust sec
• $550,000 — ing shares, equivalent to approximately $550,000 in market value) that he acquired betwe

Filing Documents

• mfin-20240513.htm (DEFA14A) — 112KB
• img90221654_0.jpg (GRAPHIC) — 5KB
• img90221654_1.jpg (GRAPHIC) — 31KB
• img90221654_2.jpg (GRAPHIC) — 3KB
• 0000950170-24-058696.txt ( ) — 270KB
• mfin-20240513.xsd (EX-101.SCH) — 7KB
• mfin-20240513_htm.xml (XML) — 1KB

Forward-Looking Statements

Forward-Looking Statements Please note that this letter contains forward-looking statements that involve risks and uncertainties relating to business performance, cash flow, net interest income and expenses, other expenses, earnings, growth, and our growth strategy. These statements are often, but not always, made using words or phrases such as "will" and "continue" or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. These statements relate to future public announcements of our earnings, the impact of the pending SEC litigation, expectations regarding our loan portfolio, including collections on our medallion loans, the potential for future asset growth, and market share opportunities. Medallion's actual results may differ significantly from the results discussed in such forward-looking statements. For example, statements about the effects of the current economy, whether inflation or the risk of recession, operations, financial performance and prospects constitute forward-looking statements and are subject to the risk that the actual impacts may differ, possibly materially, from what is reflected in those forward-looking statements due to factors and future developments that are uncertain, unpredictable and in many cases beyond Medallion's control. In addition to risks relating to the current economy, a description of certain risks to which Medallion is or may be subject, including risks related to the pending SEC litigation, please refer to the factors discussed under the heading "Risk Factors" in Medallion's 2023 Annual Report on Form 10-K. Important Additional Information and Where to Find It Medallion has filed its definitive proxy statement, accompanying BLUE proxy card and other relevant documents with the SEC in connection with the solicitation of proxies for Medallion's upcoming 2024 Annual Meeting of Shareholders. BEFORE MAKING ANY VOTING DECISION, SHAREHOLDERS OF THE COMPANY ARE URGED TO

View Full Filing

View this DEFA14A filing on SEC EDGAR