Medallion Financial Corp. Proxy Statement Filed
Ticker: MBNKO · Form: DEFA14A · Filed: May 24, 2024 · CIK: 1000209
| Field | Detail |
|---|---|
| Company | Medallion Financial Corp (MBNKO) |
| Form Type | DEFA14A |
| Filed Date | May 24, 2024 |
| Risk Level | low |
| Pages | 9 |
| Reading Time | 10 min |
| Key Dollar Amounts | $36 million, $15 million, $0.10 |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy-statement, annual-meeting, shareholder-communication
TL;DR
Medallion Financial proxy out May 24, 2024 - VOTE YOUR SHARES!
AI Summary
Medallion Financial Corp. is distributing a proxy statement on May 24, 2024, to its shareholders. This document, filed as a DEFA14A, outlines the company's annual meeting and related voting matters. Shareholders are urged to cast their votes.
Why It Matters
This filing is crucial for shareholders as it contains information necessary for them to exercise their voting rights at the company's annual meeting, impacting corporate governance.
Risk Assessment
Risk Level: low — This is a routine proxy filing for an annual meeting, not indicating any immediate financial distress or significant corporate action.
Key Players & Entities
- MEDALLION FINANCIAL CORP (company) — Registrant
- May 24, 2024 (date) — Distribution date of shareholder letter
FAQ
What type of filing is this DEFA14A for Medallion Financial Corp?
This is a Definitive Additional Materials filing (DEFA14A) related to the company's proxy statement for its annual shareholder meeting.
When did Medallion Financial Corp. begin distributing its letter to shareholders?
Medallion Financial Corp. began distribution of its letter to shareholders on May 24, 2024.
What is the primary purpose of a DEFA14A filing?
A DEFA14A filing is used to provide definitive additional materials to shareholders related to a proxy statement, often including communications like letters to shareholders.
Where is Medallion Financial Corp. headquartered?
Medallion Financial Corp.'s business and mailing address is 437 Madison Ave, 38th Floor, New York, NY 10022.
What is the fiscal year end for Medallion Financial Corp?
The fiscal year end for Medallion Financial Corp. is December 31.
Filing Stats: 2,576 words · 10 min read · ~9 pages · Grade level 13.6 · Accepted 2024-05-24 16:30:32
Key Financial Figures
- $36 million — nce 2021, the Company has returned over $36 million to shareholders through dividends and r
- $15 million — tween December 2023 and April 2024, and $15 million par value of trust preferred securities
- $0.10 — 's quarterly dividend and raising it to $0.10 per share Due to the Company's success
Filing Documents
- ef20030009_defa14a.htm (DEFA14A) — 56KB
- image00001.jpg (GRAPHIC) — 14KB
- image1.jpg (GRAPHIC) — 127KB
- image2.jpg (GRAPHIC) — 8KB
- 0001140361-24-027458.txt ( ) — 263KB
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 REA