Form 8-K
8-K — MEDALLION FINANCIAL CORP
Accession: 0001193125-26-265140
Filed: 2026-06-10
Period: 2026-06-10
CIK: 0001000209
SIC: 6199 (FINANCE SERVICES)
Item: Other Events
Item: Financial Statements and Exhibits
Documents
8-K — d118436d8k.htm (Primary)
EX-99.1 (d118436dex991.htm)
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8-K
8-K (Primary)
Filename: d118436d8k.htm · Sequence: 1
8-K
MEDALLION FINANCIAL CORP false 0001000209 0001000209 2026-06-10 2026-06-10
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 10, 2026
MEDALLION FINANCIAL CORP.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
001-37747
(Commission File Number)
04-3291176
(IRS Employer Identification No.)
437 Madison Avenue, 38th Floor
New York, New York 10022
(Address of principal executive offices) (Zip code)
(212) 328-2100
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange
on which registered
Common Stock, par value $0.01 per share
MFIN
NASDAQ Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01.
Other Events.
On June 10, 2026, Medallion Financial Corp. issued a press release announcing the preliminary results from its 2026 Annual Meeting of Stockholders. The full text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01
Financial Statements and Exhibits
(d)
Exhibits
99.1
Press Release, dated June 10, 2026.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
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: June 10, 2026
MEDALLION FINANCIAL CORP.
By:
/s/ Anthony N. Cutrone
Name:
Anthony N. Cutrone
Title:
Chief Financial Officer
EX-99.1
EX-99.1
Filename: d118436dex991.htm · Sequence: 2
EX-99.1
Exhibit 99.1
FOR IMMEDIATE RELEASE:
MEDALLION FINANCIAL CORP. ANNOUNCES LANDSLIDE VOTE RESULTS FOR THE BOARD ON ALL MEASURES
NEW YORK, NY – June 10, 2026 – Medallion Financial Corp. (NASDAQ: MFIN, “Medallion” or the
“Company”), a specialty finance company that originates and services loans in various consumer and commercial industries, along with offering loan origination services to fintech strategic partners, today announced the preliminary
voting results reported by the independent inspector of election for the Company’s 2026 Annual Meeting of Stockholders (the “Annual Meeting”), held yesterday. Shareholders re-elected all
three of the Company’s director nominees, rejecting the nominees put forward by an affiliate of ZimCal Asset Management LLC (“ZimCal”).
Yesterday’s Annual Meeting marks the third consecutive annual meeting at which ZimCal has initiated a proxy contest, each of which have resulted in
Medallion shareholders overwhelmingly supporting the Company’s Board and strategy. This year, shareholders backed the Company’s nominees by an average of approximately 78% of votes cast, even after both proxy advisory firms issued split
recommendations. Critically, support for the dissident declined sharply since the last vote, with the activist nominees receiving approximately 19% of votes cast, down from approximately 22% in the 2024 contest. After hearing ZimCal’s
arguments across three consecutive cycles, shareholders have become less supportive of its campaign, not more.
“This result is a clear and emphatic
statement from our shareholders,” said Andrew Murstein, President and CEO of Medallion Financial. “For the third year in a row, they have placed their trust in our Board and rejected the campaign of a distressed debt investor seeking a
personal windfall at the expense of all other shareholders. Over the last 5 years we have generated over $375 million of net income before taxes, more than our first 25 years combined. We have also increased our dividend by 40% in the last
three years. Our focus now returns immediately to what we do best: delivering industry-leading financial performance and long-term value for the shareholders who have stood with us – and to whom we are deeply grateful.”
The preliminary results of the Annual Meeting reported in this release remain subject to certification by the inspector of election. The Company will report
the certified results of the Annual Meeting in a Form 8-K filed with the Securities and Exchange Commission.
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, and loan products and services offered through fintech strategic partners. 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 its largest subsidiary, Medallion Bank, is headquartered in Salt Lake
City, Utah. For more information, please visit www.medallion.com.
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, expectations regarding our loan portfolio, including collections on our taxi 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, the effects of tariffs, 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, for a
description of certain risks to which Medallion is or may be subject, please refer to the factors discussed under the heading “Risk Factors” in Medallion’s 2025 Annual Report on Form 10-K.
Company Contact:
Investor Relations
212-328-2176
InvestorRelations@medallion.com
Investor Relations
The Equity Group Inc.
Lena Cati
lena.cati@theequitygroup.com
(212) 836-9611
Val
Ferraro
val.ferraro@theequitygroup.com
(212) 836-9633
2
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Document and Entity Information
Jun. 10, 2026
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