0001193125-13-423147.txt : 20131101 0001193125-13-423147.hdr.sgml : 20131101 20131101165433 ACCESSION NUMBER: 0001193125-13-423147 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20131028 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20131101 DATE AS OF CHANGE: 20131101 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MEDALLION FINANCIAL CORP CENTRAL INDEX KEY: 0001000209 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] IRS NUMBER: 043291176 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 814-00188 FILM NUMBER: 131186589 BUSINESS ADDRESS: STREET 1: 437 MADISON AVE 38 TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2123282153 MAIL ADDRESS: STREET 1: 437 MADISON AVENUE STREET 2: 38TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 8-K 1 d619321d8k.htm FORM 8-K Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported) October 28, 2013

 

 

MEDALLION FINANCIAL CORP.

(Exact name of registrant as specified in its charter)

 

 

Delaware

(State or other jurisdiction

of incorporation)

 

814-00188   04-3291176

(Commission

File Number)

  

(IRS Employer

Identification Number)

437 Madison Avenue

New York, New York 10022

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code (212) 328-2100

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

ITEM 8.01. OTHER EVENTS.

On October 28, 2013, Medallion Financial Corp. (the “Company”) mailed a Letter to Stockholders regarding the Company’s common stock repurchase program.

A copy of the Letter to Stockholders is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
99.1    Letter to Stockholders, dated October 28, 2013.

 

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

MEDALLION FINANCIAL CORP.
By:  

/s/ Larry D. Hall

  Name:   Larry D. Hall
  Title:   Chief Financial Officer
Date: November 1, 2013

 

3

Exhibit Index

 

Exhibit
No.		    Description
99.1    Letter to Stockholders, dated October 28, 2013.

 

4

EX-99.1 2 d619321dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

MEDALLION FINANCIAL CORP.

437 Madison Avenue, 38th Floor

New York, New York 10022

October 28, 2013

Dear Stockholder:

On November 3, 2004, the Board of Directors authorized management to repurchase up to $10,000,000 of Medallion Financial Corp. (the “Company”) common stock, par value $0.01 per share (the “Common Stock”). Previously, on November 4, 2003, the Board of Directors authorized an initial repurchase of up to $10,000,000 of the Company’s Common Stock. This additional authorization increased the Company’s stock repurchase program to a total of $20,000,000 in Company Common Stock (the “Repurchase Program”).

This letter is to advise you that Medallion Financial Corp. (the “Company”) has extended the terms of its Repurchase Program. Purchases will commence no earlier than the thirtieth (30th) calendar day following the mailing date of this notice, and are expected to conclude on the one hundred eightieth (180th) calendar day following the commencement of the purchases.

Under the terms of the Company’s Repurchase Program, the Company is permitted to repurchase its Common Stock in the open market from time-to-time pursuant to applicable securities laws and regulations. If the Company has not repurchased the additional $10,000,000 of Common Stock by the end of the period set forth above, the Company is permitted to extend the term of the Repurchase Program for an additional period or periods, until the Company has repurchased up to the total amount authorized under the Repurchase Program.

The Company and its Board of Directors believe the Repurchase Program is a productive and valuable use of capital. Thank you for your continued and steadfast support of our Company.

 

Sincerely,
/s/ Alvin Murstein
Alvin Murstein

Chairman of the Board of Directors

and Chief Executive Officer