05/21/24 - ZimCal sends shareholder letter highlighting its concerns with MFIN’s excessive management compensation.
ZimCal Asset Management LLC and its affiliates (“ZimCal”) sent a letter to MFIN shareholders highlighting its concerns about excessive compensation that ZimCal believes would be better directed towards rewarding stockholders. ZimCal seeks shareholder support to strengthen MFIN by voting for its two highly qualified, independent candidates for election to the board of Medallion Financial Corp. at the June 11th, 2024 Annual Meeting of Stockholders. ZimCal filed a definitive proxy statement on April 26, 2024 with the Securities and Exchange Commission in connection with its nomination.