{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-142071","form_type":"8-K","ticker":"MFIN","cik":"0001000209","company_name":"MEDALLION FINANCIAL CORP","filed_at":"2026-04-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:31.760929+00:00","generated_at":"2026-05-15T07:29:38.175918+00:00","sec_items":["2.04"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"confidence":"high","headline":"MFIN subsidiary Medallion Capital in SBA debenture default; $73.5M at risk","bullets":["SBA declared event of default on $73.5M debentures (~3% of total borrowings) due to management team qualification issue.","Medallion Capital must submit at least one qualified candidate within 120 days to cure the default.","No cross-default clauses triggered in other Medallion Financial debt arrangements.","Company is identifying candidates and believes it can satisfy SBA requirements, but no assurance of acceptance."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-142071","json":"https://secwatch.observer/filing/0001193125-26-142071.json","markdown":"https://secwatch.observer/filing/0001193125-26-142071.md","text":"https://secwatch.observer/filing/0001193125-26-142071.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1000209/000119312526142071/0001193125-26-142071-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1000209/000119312526142071/mfin-20260331.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T07:29:38.175918+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}