ZimCal-backed BIMIZCI urges Medallion Financial holders to elect its board nominees at June 9 meeting

Medallion Financial Corp.

Medallion Financial Corp.

MFIN

0.00
  • ZimCal’s BIMIZCI fund urged shareholders to back its dissident slate at Medallion’s June 9, 2026 annual meeting via a “BLUE” proxy card.
  • ISS and Glass Lewis supported two BIMIZCI nominees, bolstering the activist push for board change.
  • BIMIZCI attacked CEO Andrew Murstein’s record, citing $260 million of loan write-offs through 1Q26.
  • The activist also highlighted a $363 million market-cap decline from Dec. 4, 2013 to April 6, 2020, with shares falling to $1.32.
  • BIMIZCI said management used personal attacks to deflect from operating and governance issues, disputing claims about its motives and holdings.


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 Business Wire (Ref. ID: 202606081957BIZWIRE_USPR_____20260608_BW146602) on June 08, 2026, and is solely responsible for the information contained therein.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.