Business Context and Reporting Period
Company: Medallion Financial Corp.
Filing Type: Form 8-K (Current Report)
Date of Report: June 3, 2024
Reporting Period: This filing reports a specific corporate event effective June 3, 2024, rather than a standard financial reporting period.
Key Financial Metrics
This filing does not contain financial performance data. The document does not provide values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The primary material change disclosed is the replacement of the Company's independent registered public accounting firm.
- New Auditor: Plante & Moran, PLLC ("Plante Moran").
- Effective Date: June 3, 2024.
- Scope: Engagement for the fiscal year ending December 31, 2024.
- Approval: The engagement was approved by the Company's audit committee.
Guidance, Outlook, and Risks
Consultation History: The Company confirmed that during the two most recent fiscal years and the interim period through June 3, 2024, neither the Company nor its representatives consulted with Plante Moran regarding:
- The application of accounting principles to specified transactions.
- The type of audit opinion that might be rendered.
- Any matters that were subjects of disagreement or reportable events.
Outlook: No forward-looking guidance or management commentary regarding future financial performance is included in this filing.
Investor Verification Checklist
- Verify the identity and credentials of the new auditor, Plante & Moran, PLLC.
- Review the Company's prior filings to identify the previous independent registered public accounting firm.
- Check for any subsequent filings (e.g., 10-K or 10-Q) that may disclose the reasons for the auditor change if not explicitly detailed here.
- Confirm the effective date of the new engagement aligns with the fiscal year ending December 31, 2024.