---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-120682"
form_type: "8-K/A"
ticker: "MFIN"
cik: "0001000209"
company_name: "MEDALLION FINANCIAL CORP"
filed_at: "2024-11-04T23:59:59+00:00"
generated_at: "2026-05-29T15:58:29.490680+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-120682
- form_type: 8-K/A
- ticker: MFIN
- cik: 0001000209
- company_name: MEDALLION FINANCIAL CORP
- filed_at: 2024-11-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1000209/000095017024120682/0000950170-24-120682-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1000209/000095017024120682/mfin-20241101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-120682
- JSON: https://secwatch.observer/filing/0000950170-24-120682.json
- Plain text: https://secwatch.observer/filing/0000950170-24-120682.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.