ZimCal (BIMIZCI) Exposes Medallion Financial Corp.'s Latest Campaign of Distortion and the Risks of Re-Electing Its Unqualified Directors

MINNEAPOLIS--(BUSINESS WIRE)---- $MFIN #Activist--ZimCal Asset Management through BIMIZCI Fund LLC responds (again) to Medallion Financial's recent misleading press release designed to manipulate stockholders. Notably, BIMIZCI Fund LLC — not ZimCal or Mr. Hodges — is the nominating stockholder, a distinction Medallion deliberately blurs. Despite BIMIZCI Fund LLC being the nominating stockholder, Medallion (NASDAQ:MFIN) elected to lead with “Stephen Hodges and his affiliates” because their goals are clear. Use a se.

Business Wire • 5 hours ago

BIMIZCI Urges Stockholders to Vote for Its Outstanding Nominees to the Board Who Will Strengthen Medallion and Represent Stockholders. MFIN Wants to Distract from Underlying Underperformance and Possible Dividend Issues – We Won't Let Them.

MINNEAPOLIS--(BUSINESS WIRE)---- $MFIN #Activism--BIMIZCI Fund LLC issues the following press release urging Medallion stockholders to vote for change. Visit www.restoretheshine.com. Medallion's sensational ad hominem attacks are a worn, and arguably self-destructive, tactic. We would prefer MFIN direct its energy towards addressing the specific governance and operating weaknesses we have repeatedly identified. We repeat sections from our previous press release because Medallion and its Board continue to push an e.

Business Wire • a day ago

Medallion Financial Corp. Exposes ZimCal's Latest Campaign of Distortion and the Risks of Electing Its Unqualified Nominees

Highlights ZimCal's Goal Over Three Consecutive Proxy Contests – A Debt Buyout at Above Market Price – and Misaligned Incentives

GlobeNewsWire • Jun 4, 2026

Medallion Financial Corp. Urges Shareholders to Vote for Proven Performance

ISS and Glass Lewis Recognize Medallion's Successful Business Transformation Analysis Fails to Consider ZimCal's Ideas And Risks of Replacing Any of the Proven Incumbents with Its Nominees Medallion Also Highlights Eric Kelly's Alleged Financial Improprieties and History of Value Destruction NEW YORK, June 02, 2026 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ: MFIN) (“ Medallion ” or the “ Company ”) today issued the following statement in connection with its 2026 Annual Meeting of Stockholders expressing strong disagreement with certain recommendations issued by ISS and Glass Lewis. The Company is facing its third consecutive proxy contest against ZimCal Asset Management LLC and its affiliates (collectively, “ ZimCal ”), a debtholder who promised in February 2024 to run a proxy contest “every year” unless the Company agreed to its demands to repurchase its debt at a substantial above market premium.

GlobeNewsWire • Jun 2, 2026

ISS and Glass Lewis Support BIMIZCI's Case for Change at Medallion Financial. Both Recommend Stockholders Vote on the BLUE Proxy Card FOR Election of Two BIMIZCI Nominees to Medallion Board

MINNEAPOLIS--(BUSINESS WIRE)---- $MFIN #ActivistInvesting--BIMIZCI Fund LLC, Warnke Investments LLC, ZimCal Asset Management, LLC and Stephen Hodges (collectively, "BIMIZCI" or "we"), long-standing holders of Medallion Financial Corp. (NASDAQ: MFIN) ("Medallion" or the "Company") trust preferred securities and currently the 4th largest institutional stockholder with 500,250 shares, announced today that both leading independent proxy advisory firms, Institutional Shareholder Services ("ISS") and Glass, Lewis & Co. ("Gla.

Business Wire • May 29, 2026

The Written Record Disproved Medallion Financial Statements Before. It Does So Again.

MINNEAPOLIS--(BUSINESS WIRE)---- $MFIN #MFIN--It is telling that a management team and board that spent years as defendants in an SEC fraud lawsuit, one driven by Medallion Financial's now-CEO misleading investors, is now accusing BIMIZCI of the very conduct a federal judge attributed to them. The difference is the record. Where the SEC complaint documented Medallion's misstatements, the written record dismantles Medallion's claims about BIMIZCI just as clearly. Medallion tells stockholders the company is perf.

Business Wire • May 28, 2026

Medallion Financial Corp. Urges Shareholders to Vote for Its Highly Qualified Director Nominees Ahead of 2026 Annual Meeting

Company Highlights Record-Breaking Financial Performance as Successful Business Transformation has Created Historic Value for Shareholders  Exceptional Board Leadership and Oversight has Assured Effective Execution of the Strategic Plan ZimCal's Interest is Not Aligned with Common Shareholders'; ZimCal wants Medallion to Purchase its Trust Preferred Shares at a Premium to Market Value ZimCal's Self-Serving, Disruptive Third Consecutive Campaign Proposes Unqualified Nominees Who May Derail Company's Current Growth Trajectory NEW YORK, May 26, 2026 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ: MFIN) (“Medallion” or the “Company”) today issued the following statement in connection with its 2026 Annual Meeting of Shareholders, urging shareholders to vote on the WHITE universal proxy card FOR the Company's three highly qualified director nominees: John Everets, Cynthia A. Hallenbeck, and Alvin Murstein.

GlobeNewsWire • May 26, 2026

BIMIZCI Crosses 500,000 Share Threshold; Nominates Three Directors at Medallion Financial; Cites Deteriorating Performance, and Federal Securities Fraud Judgment

MINNEAPOLIS--(BUSINESS WIRE)---- $MFIN #Activist--MFIN earnings down. P/TBV of 0.80x. A CEO under federal injunction. 5 directors over 80. Vote to install BIMIZCI's 3 independent directors by June 9.

Business Wire • May 19, 2026

BIMIZCI Nominates Three Directors at Medallion Financial Corp.; Cites Deteriorating Performance, Governance Failures, and Federal Securities Judgment

BIMIZCI filed its definitive proxy statement on May 8th, 2026 and launched the "Restore the Shine" campaign to replace 3 directors at Medallion Financial Go to the updated campaign website at www.restoretheshine.com BIMIZCI is the fourth-largest institutional stockholder in Medallion, has been invested for more than five years, and owns 424,769 common shares and $15 million par value of trust preferred securities as of May 12, 2026 Governance concerns at MFIN are serious, including a CEO permanently enjoined by a federal court for securities law violations in 2025 who was promoted and then paid a $4.6 million bonus that year, five of eight directors that will soon be over 80 with two of them over 85, family ties among three of eight directors, and average board and subsidiary tenure of approximately 18 years Medallion's performance has been declining with 1Q26 quarterly earnings the lowest since 3Q20, analyst consensus projecting a 36% decline in 2026 estimated earnings versus 2025 actuals, and stock returns materially trailing its peer group and the Russell 2000 under the current board Valuation multiples, specifically Price/Tangible Book Value and Price/Earnings are significantly below peers and the Russell 2000 Credit quality has deteriorated, with consumer loan charge-offs at 15-year highs, 20% of the commercial loan portfolio non-performing at FYE25, and a $73.5 million SBA loan default at a subsidiary citing the lack of a "qualified management team" Despite downward trends, Medallion management received $13 million in compensation in 2025 (the second highest annual compensation in company history) BIMIZCI's three independent director nominees bring directly relevant public-board experience across banking, regulation, frontier technology, corporate governance, and risk management (bios at https://restoretheshine.com/directors) Stockholders of record as of April 13, 2026 are urged to vote the BLUE proxy card before the annual meeting on June 9, 2026 (instructions at https://restoretheshine.com/vote ) Stockholders that have since sold still retain their right to vote and prior voters can change their vote, with only the most recent vote counting MINNEAPOLIS, May 14, 2026 (GLOBE NEWSWIRE) -- BIMIZCI Fund LLC and its affiliates, Warnke Investments LLC, ZimCal Asset Management LLC and Stephen Hodges (collectively “BIMIZCI”, “We”, “Our”) believe Medallion Financial Corp. (“Medallion”, “MFIN”, the “Company”) is undervalued and is being held back by a board and leadership team who are not putting stockholders first. With your support, we can change Medallion and unlock its potential.

GlobeNewsWire • May 14, 2026

Medallion Financial Corp. (MFIN) Q1 2026 Earnings Call Transcript

Medallion Financial Corp. (MFIN) Q1 2026 Earnings Call Transcript

Seeking Alpha • Apr 30, 2026