Medallion Financial Shareholders Re-Elect All Director Nominees
Medallion Financial Corp. announced the preliminary voting results from its 2026 Annual Meeting of Stockholders, where shareholders re-elected all three of the company's director nominees. This marks the third consecutive year that shareholders have rejected nominees from ZimCal Asset Management LLC, with company nominees receiving approximately 78% of votes cast. President and CEO Andrew Murstein highlighted the company's strong performance, including over $375 million in net income before taxes over the last five years and a 40% dividend increase in the last three years.
Key Highlights
- Shareholders re-elected all three of Medallion Financial's director nominees.
- Shareholders rejected nominees put forward by ZimCal Asset Management LLC.
- This marks the third consecutive annual meeting where Medallion shareholders supported the Board against ZimCal.
- Company nominees received an average of approximately 78% of votes cast.
- Activist nominees received approximately 19% of votes cast, down from 22% in 2024.
- Medallion generated over $375 million of net income before taxes over the last 5 years.
- The company increased its dividend by 40% in the last three years.
Price Impact
More from MFIN
Medallion Financial Urges Shareholders to Reject ZimCal's Proxy Bid
Medallion Financial: SBA Debenture Default Cured by Candidate Submissions
Medallion Financial Rejects ISS/Glass Lewis Recommendations in Proxy Contest