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Medallion Financial Corp. Announces Preliminary Results of 2024 Annual Meeting of Shareholders
Results Indicate that Shareholders have Decisively Elected Medallion’s Director Nominees and Supported the Company’s Approach to Executive Compensation – Both
About this update from Medallion Financial Corp.
[{"type":"text","content":"Results Indicate that Shareholders have Decisively Elected Medallion’s Director Nominees and Supported the Company’s Approach to Executive Compensation – Both by an Extremely Wide Margin Over 80% of Votes Cast in Favor of Board’s Nominees NEW YORK, June 11, 2024 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ: MFIN) (“Medallion” or the “Company”) today announced the preliminary results of the Company’s 2024 Annual Meeting of Shareholders (the “Annual Meeting”). Based on a preliminary vote count provided by the Company’s proxy solicitor, Medallion shareholders have elected the Company’s director nominees, Robert M. Meyer and David L. Rudnick to the Board of Directors by an extremely wide margin. Over 80% of votes were cast in support of Medallion’s director nominees. Medallion shareholders also voted decisively in support of the Company’s 2023 executive compensation plan and the every-year say-on-frequency vote. “We appreciate the trust and support of our shareholders as we continue executing on our value creation strategy and delivering strong operational and financial results,” said Andrew Murstein, President and COO of Medallion. “Shareholders have benefited tremendously from the experience and perspectives of Bob, David, and the rest of our Board, and I look forward to their continued guidance and leadership.” Brent O. Hatch, Lead Independent Director, added, “Medallion Financial continues to perform well and is positioned for future growth. The Board is committed to continue leveraging the diverse perspectives of its members to set and oversee the strategy that best serves the interests of all Medallion shareholders. We thank shareholders for their engagement leading up to this year’s Annual Meeting and we look forward to maintaining the dialogue.” The results announced today are subject to certification by the independent inspector of elections for the Annual Meeting. Final voting results will be reported on a Form 8-K that will be filed with the Securities and Exchange Commission in the coming days. 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 ...