Medallion Financial Corp. Files Definitive Proxy Materials

TL;DR

MEDALLION FINANCIAL CORP (MFIN) filed proxy materials on 5/31, no fee required.

AI Summary

Medallion Financial Corp. is distributing a definitive additional materials filing on May 31, 2024, related to its proxy statement. This filing is for the company itself and concerns matters requiring shareholder input, as indicated by the DEFA14A form type. The filing does not require a fee, as indicated by the 'No fee required' checkbox.

Why It Matters

This filing indicates that Medallion Financial Corp. is proceeding with actions that require shareholder approval or notification, as detailed in their proxy statement.

Risk Assessment

Risk Level: low — This filing is a standard proxy statement distribution and does not inherently indicate new risks or significant changes in the company's operations.

Key Players & Entities

• MEDALLION FINANCIAL CORP (company) — Registrant
• May 31, 2024 (date) — Filing Date
• DEFA14A (document_type) — Filing Type

FAQ

Key Financial Figures

• $153 million — e years, the company has generated over $153 million of earnings and returned over $36 milli
• $36 million — 3 million of earnings and returned over $36 million to shareholders in the form of dividend
• $12M — his trust preferred securities (either $12M in cash or $13M in cash-and- equity), e
• $13M — rred securities (either $12M in cash or $13M in cash-and- equity), each equating to

Filing Documents

• ef20030378_defa14a.htm (DEFA14A) — 59KB
• image0.jpg (GRAPHIC) — 588KB
• image1.jpg (GRAPHIC) — 8KB
• image2.jpg (GRAPHIC) — 219KB
• 0001140361-24-028381.txt ( ) — 1184KB

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

View Full Filing

View this DEFA14A filing on SEC EDGAR