ISS, Glass Lewis back BIMIZCI push to elect Kelly, Kiernan to Medallion Financial board at June 9 meeting
Medallion Financial Corp.
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- ISS, Glass Lewis backed activist BIMIZCI’s push for board change ahead of the June 9, 2026 annual meeting.
- Both proxy advisers recommended votes for BIMIZCI nominees Eric Kelly and John Kiernan on the dissident’s blue card.
- ISS, Glass Lewis urged shareholders to withhold support from Executive Chair Alvin Murstein, Nominating and Governance Chair Cynthia Hallenbeck.
- ISS cited weak board independence, questioned whether the SEC settlement factored into Andrew Murstein’s CEO succession.
- Glass Lewis criticized family control, called the dissident’s case for change compelling, questioned the board’s CEO selection process.
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