MFIN

Business Context and Reporting Period

Company: Medallion Financial Corp.
Filing Type: Form 8-K (Current Report)
Date of Report: May 31, 2005 (Event date); Signed June 3, 2005
Principal Office: 437 Madison Avenue, New York, NY

Key Financial Metrics

This filing is a current report regarding a corporate governance event and does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing text does not provide a clear value for any financial metric.

Material Changes

Change in Certifying Accountant:

• Medallion Financial Corp. replaced its independent registered public accountants, Eisner LLP ("Eisner").
• Management contacted potential candidates in April and early May 2005 and received a bid offer.
• Eisner subsequently resigned.

Management Commentary, Risks, and Contingencies

Audit History and Disagreements:

• The audit report by Eisner for the past fiscal year contained no adverse opinion, disclaimer, or qualification regarding uncertainty, audit scope, or accounting principles.
• There were no reportable events during the audit and reviews through the date of the filing.
• There were no disagreements with Eisner on accounting principles, practices, financial statement disclosure, or auditing scope/procedure.

Exhibits: The filing includes Exhibit 16.1, a letter from Eisner LLP to the SEC dated June 3, 2005, regarding the change in accountant.

Investor Verification Checklist

• Verify the identity and credentials of the new independent registered public accountant selected to replace Eisner LLP.
• Review the full text of Exhibit 16.1 (Eisner's letter to the SEC) for any additional context regarding the resignation.
• Confirm the status of the upcoming fiscal year audit engagement with the new firm.