Medallion Financial Corp. Form 8-K Summary
Reporting date: September 23, 2026; filed September 24, 2026. The filing reports a Regulation FD disclosure concerning Medallion Bank, a wholly owned subsidiary of Medallion Financial Corp.
Business Context and Transaction
Medallion Bank announced the pricing of an offering of 2,200,000 additional shares of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G.
- Liquidation amount per share: $25
- Aggregate liquidation amount: $55 million
- Security: Series G fixed-rate reset, non-cumulative perpetual preferred stock
Financial Metrics and Capital Position
The filing does not provide revenue, profit, cash flow, margin, debt, liquidity, or other operating financial metrics. It also does not state the preferred stock’s initial dividend rate, reset terms, offering expenses, net proceeds, or intended use of proceeds.
Material Changes Versus Prior Period
The filing does not present comparative financial information or quantify changes from a prior period. The reported event is the pricing of an additional preferred-stock issuance by Medallion Bank.
Guidance, Outlook, Risks, and Unusual Items
No management guidance or operating outlook is provided. The Series G preferred stock is non-cumulative and perpetual, so dividends and redemption terms may be subject to the conditions described in the related offering documents; those conditions are not included in the provided filing text.
The press release was furnished under Item 7.01 and is not deemed filed or incorporated by reference into the Company’s Securities Act registration statements unless specifically identified for that purpose.
Investor Verification Items
- Verify the initial dividend rate and fixed-rate reset mechanism for the Series G preferred stock.
- Review dividend payment conditions, redemption provisions, ranking, and other investor protections.
- Confirm offering expenses and the Bank’s net proceeds and intended use of funds.
- Assess the effect of the issuance on Medallion Bank’s regulatory capital and Medallion Financial Corp.’s consolidated capital structure.
- Review Exhibit 99.1 and the related offering documents for terms not included in the Form 8-K text.