Medallion Financial urges vote for board slate as ZimCal presses annual proxy fights over above-market debt buyback demand
Medallion Financial Corp.
Medallion Financial Corp. MFIN | 0.00 |
- Medallion Financial urged shareholders to back its three board nominees on the white proxy card amid a third straight proxy fight with ZimCal.
- ZimCal, a debtholder, vowed in 2024 to run annual contests unless the company repurchased its debt at an above-market premium.
- The company criticized ISS and Glass Lewis for recommending support for two ZimCal nominees despite acknowledging Medallion’s turnaround and growth.
- Medallion said it delivered record net interest income, double-digit book value per share growth, and a 40% dividend increase since 2024.
- It attacked dissident nominee Eric Kelly, citing alleged improprieties claims and value destruction at prior companies, while disputing proxy-adviser focus on an SEC settlement.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Medallion Financial Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606021801PRIMZONEFULLFEED9730964) on June 02, 2026, and is solely responsible for the information contained therein.
