Business Context and Reporting Period
This Form 8-K filing by Medallion Financial Corp. (Delaware) reports a stock repurchase event on June 8, 2015. The report details activity under a stock repurchase program authorized by the Board of Directors on July 29, 2014.
Key Financial Metrics
- Shares Repurchased: 4,782 shares on June 8, 2015.
- Cost of Repurchase: $43,175 total ($8.98 per share, inclusive of fees).
- Program Remaining: $13,220,208 available for future repurchases under the $20,000,000 authorization.
- Historical Totals: Since November 2003, 2,246,821 shares have been repurchased at a total cost of $20,751,765 (average cost of $9.24 per share).
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity metrics.
Material Changes
The filing reports a specific transaction reducing the available capital for the current stock repurchase program by $43,175. No other material changes to financial position or operations are disclosed in this document.
Guidance, Outlook, and Risks
This filing contains no management commentary, forward-looking guidance, risk factors, or contingencies. It is a routine disclosure of a completed corporate action.
Key Facts for Investor Verification
- Verify the remaining balance of $13,220,208 in the stock repurchase program against subsequent filings.
- Confirm the total historical repurchase volume of 2,246,821 shares and the average cost of $9.24 per share.
- Note that the per-share cost of $8.98 in this transaction was below the historical average of $9.24.