Medallion Financial Shareholders Back Board with 78% Vote, Reject ZimCal Nominees
MFIN•Medallion Financial shareholders re-elected the company’s three director nominees with 78% of votes cast, while dissident nominees from ZimCal Asset Management garnered 19%, down from 22% in 2024. The company delivered over $375 million in net income over five years and boosted dividend 40% in three years.
1. Annual Meeting Vote Results
At the Company’s 2026 Annual Meeting, shareholders re-elected all three of Medallion’s board nominees with approximately 78% of votes cast and rejected the dissident nominees from ZimCal Asset Management, which received roughly 19% support.
2. Proxy Contest Trend
This marks the third consecutive year ZimCal has initiated a proxy contest, yet its nominee support has declined from about 22% in 2024 to 19% this year, reflecting waning investor backing for the activist slate.
3. Financial Performance Highlights
Over the past five years, Medallion has generated more than $375 million in net income before taxes and increased its dividend by 40% over the last three years, underscoring its commitment to shareholder returns.
4. Forward Outlook
With voting results pending certification, Medallion’s leadership plans to refocus on core lending operations, loan origination partnerships, and long-term value creation for its investors.
