Brief: Korr Value L.P Says Nominated Two Director Candidates For Election To Board Of Medallion Financial

Medallion Financial

03/01/2022 13:54

Jan 3 (Reuters) - Korr Value L.P: 
    * NOMINATED TWO DIRECTOR CANDIDATES FOR ELECTION TO BOARD OF
MEDALLION FINANCIAL AT 2022 ANNUAL MEETING
    * TOGETHER WITH ITS AFFILIATES OWN ABOUT 5.6% OF MEDALLION
FINANCIAL'S OUTSTANDING SHARES
    * ANDREW MURSTEIN, ALVIN MURSTEIN SHOULD RESIGN FROM BOARD
OF
MEDALLION FINANCIAL, DONALD POULTON SHOULD BE APPOINTED “ACTING”
CEO
    * A SPECIAL COMMITTEE OF MEDALLION FINANCIAL BOARD
CONSISTING OF
KORR'S DIRECTOR NOMINEES SHOULD BE FORMED TO INVESTIGATE SEC
ALLEGATIONS
    * MEDALLION FINANCIAL SHOULD SELL TAXI MEDALLION ASSETS,  
INCREASE EXISTING SHARE BUYBACK TO $50 MILLION
    * A STRATEGIC ALTERNATIVES COMMITTEE OF MEDALLION FINANCIAL
BOARD
SHOULD BE FORMED TO EXPLORE STRATEGIC ALTERNATIVES, INCLUDING A
SALE PROCESS


 ((Reuters.Briefs@thomsonreuters.com;))