ZimCal Responds to Medallion Financial’s Personal Attacks, May 2024

ZimCal responded to personal attacks by Medallion Financial Corp. in a press release issued via BusinessWire on May 16, 2024. The release addresses statements made by Medallion Financial targeting ZimCal in the context of the 2024 proxy contest for seats on Medallion’s Board of Directors. ZimCal describes Medallion Financial’s tactics as personal attacks designed to distract stockholders from the governance, compensation, and leadership concerns ZimCal has raised about the Company. The full press release details ZimCal’s response and directs stockholders to evaluate the substance of ZimCal’s proposals rather than Medallion’s characterization of its motives.