Brief: Medallion Financial - On May 1, Co Entered Cooperation Agreement With Korr Value L.P, Korr Acquisitions Group, Kenneth Orr, David Orr, Jonathan Orr

Medallion Financial

02/05/2022 22:10

May 2 (Reuters) - Medallion Financial Corp  MFIN.O :
    * MEDALLION FINANCIAL - ON MAY 1, CO ENTERED COOPERATION
AGREEMENT
WITH KORR VALUE L.P, KORR ACQUISITIONS GROUP, KENNETH ORR, DAVID
ORR, JONATHAN ORR
    * MEDALLION - EFFECTIVE MAY 1, KORR VALUE L.P. HAS WITHDRAWN
ITS
NOTICE TO CO, DATED DEC 30, 2021, REGARDING INTENT TO NOMINATE
TWO DIRECTOR CANDIDATES
    * MEDALLION FINANCIAL - PURSUANT TO AGREEMENT, EFFECTIVE MAY
1,
BOARD AGREED TO INCREASE SIZE OF BOARD BY ONE DIRECTOR AND
APPOINT BRENT O. HATCH
    * MEDALLION FINANCIAL CORP - BOARD FURTHER AGREED TO CREATE
POSITION OF LEAD INDEPENDENT DIRECTOR AND APPOINT BRENT HATCH
THERETO
    * MEDALLION FINANCIAL - BOARD HAS AGREED TO PROMPTLY ENGAGE
THIRD-PARTY EXECUTIVE SEARCH FIRM TO ASSIST BOARD IN
IDENTIFICATION OF INDEPENDENT DIRECTOR
    * MEDALLION FINANCIAL - EFFECTIVE AS OF MAY 1, BOARD
INCREASED
SIZE OF BOARD FROM EIGHT TO NINE MEMBERS

Source text: [ID: https://bit.ly/3LEiyS9]
Further company coverage:  MFIN.O 

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