BIMIZCI’s Opening Letter to Medallion Financial Stockholders: The Case for Change

BIMIZCI Fund LLC issued an opening letter to Medallion Financial stockholders ahead of the June 9, 2026 Annual Meeting. The letter sets out the case for change at Medallion Financial Corp.: a federal securities fraud judgment against the CEO answered with a promotion and a bonus, sustained underperformance the disclosures do not support, a family-controlled board built for entrenchment, and an industry restructuring happening without Medallion Financial. Stockholders were urged to vote FOR Eric Kelly, John Kiernan, and Timothy Shanahan on the BLUE universal proxy card.