Medallion Financial urges vote for its director slate as BIMIZCI seeks board seats

• Medallion Financial set a June 9, 2026 virtual annual meeting for a contested election of three directors, following a nomination notice from activist BIMIZCI Fund.
• Board urged shareholders to vote FOR only its nominees John Everets, Cynthia A. Hallenbeck, Alvin Murstein on WHITE universal proxy card.
• BIMIZCI beneficially owned 187,305 common shares, equal to 0.78% of shares outstanding as of April 13, 2026.
• Activist also held about $15 million aggregate amount of Medallion trust preferred securities, a position company flagged as a conflict versus common shareholders.
• Company warned that signing BIMIZCI proxy card could revoke a previously submitted WHITE universal proxy vote in the director election.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-197272), on April 30, 2026, and is solely responsible for the information contained therein.