Medallion Financial removes board seat requirement from KORR pact, ties termination to $0.12/$0.13 dividends

MEDALLION FINANCIAL CORP

Requirement for Board to add an independent director and appoint to Investment Oversight Committee deleted.
Agreement auto-terminates before 2028 meeting if Co. announces quarterly dividend >= $0.13 by 2027 nomination deadline.
If $0.12 dividend threshold met, termination before 2027 meeting; otherwise termination before 2026 meeting.
All other provisions of the Cooperation Agreement remain in full force and effect.

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