Medallion Financial Corp. Files Proxy Materials Addendum

TL;DR

MEDALLION FINANCIAL CORP just dropped more proxy docs - check for updates before you vote.

AI Summary

Medallion Financial Corp. filed a Definitive Additional Materials proxy statement on June 4, 2024. This filing is related to the company's proxy materials, indicating it's providing supplementary information to shareholders. The filing does not contain specific financial figures or proposals but serves as an addendum to previously distributed proxy statements.

Why It Matters

This filing indicates Medallion Financial Corp. is providing additional information to shareholders regarding upcoming proxy matters, which could influence voting decisions on corporate governance or other shareholder proposals.

Risk Assessment

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

Key Players & Entities

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

FAQ

Filing Documents

• efc24-073_defa14a.htm (DEFA14A) — 27KB
• image00003.jpg (GRAPHIC) — 5KB
• 0000905148-24-001671.txt ( ) — 35KB

executive compensation programs," said Alvin Murstein, Chairman & CEO of Medallion

executive compensation programs," said Alvin Murstein, Chairman & CEO of Medallion. Brent O. Hatch, Lead Independent Director of the Medallion Board, added: "Our Board of Directors is focused on creating value for all Medallion shareholders. We appreciate the thoughtful recommendations put forward by both Glass Lewis and ISS and encourage shareholders to support the continued execution of the Company's strategy by voting for Medallion's nominees on the blue proxy card today." The Board has nominated two highly qualified directors for re-election at the 2024 Annual Meeting – Robert M. Meyer and David L. Rudnick. These nominees bring significant relevant experience, proven leadership and a mix of tenures and perspectives to our Board that are crucial to the Company's continued successful transformation and execution of its strategy. Medallion reminds shareholders that every vote is important and encourages shareholders to vote TODAY on the BLUE proxy card "FOR" ONLY the Board's nominees, Mr. Meyer and Mr. Rudnick, "FOR" the approval of the 2023 compensation paid to our named executive officers and FOR "one year" on the say-on-frequency vote . The Board urges Medallion stockholders to DISCARD all white proxy cards and materials sent by Mr. Stephen Hodges. Stockholders who have any questions or need assistance voting may call our proxy solicitors, Alliance Advisors, toll-free at (855) 600-2578. Medallion's definitive proxy statement and other materials regarding the Board of Directors recommendations for the 2024 Annual Meeting can be found at www.votemedallion.com/ . About Medallion Financial Corp. Medallion Financial Corp. (NASDAQ:MFIN) and its subsidiaries originate and service a growing portfolio of consumer loans and mezzanine loans in various industries. Key industries served include recreation (towable RVs and marine) and home improvement (replacement roofs, swimming pools, and windows). Medallion Financial Corp. is headquartered in New York City, NY, and

Forward-Looking Statements

Forward-Looking Statements Please note that this press release 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

View Full Filing

View this DEFA14A filing on SEC EDGAR