Shareholder Activism

Press releases, stockholder letters, SEC filings, and analysis from ZimCal's shareholder activism efforts, including its campaign at Medallion Financial Corp.

Press Releases

06/08/26

ZimCal (BIMIZCI) Calls Out Medallion Financial's Latest Attempt at Distracting From its Core Underperformance by Using MFIN's Favored Tactic of Personal Attacks

06/05/26

ZimCal (BIMIZCI) Exposes Medallion Financial Corp.'s Latest Campaign of Distortion and the Risks of Re-Electing Its Unqualified Directors

06/04/26

BIMIZCI Urges Stockholders to Vote for Its Outstanding Nominees to the Board Who Will Strengthen Medallion and Represent Stockholders. MFIN Wants to Distract from Underlying Underperformance and Possible Dividend Issues – We Won't Let Them.

05/29/26

ISS and Glass Lewis Support BIMIZCI's Case for Change at Medallion Financial. Both Recommend Stockholders Vote on the BLUE Proxy Card FOR Election of Two BIMIZCI Nominees to Medallion Board

05/28/26

The Written Record Disproved Medallion Financial Statements Before. It Does So Again. BIMIZCI Issues Point-by-Point Rebuttal of Medallion's Investor Presentation. Urges Stockholders to Vote for Change

05/19/26

BIMIZCI Crosses 500,000 Share Threshold; Nominates Three Directors at Medallion Financial; Cites Deteriorating Performance, and Federal Securities Fraud Judgment

04/10/26

Medallion Financial Defaults on $73.5 million in SBA Debt — SBA Says It Lacks a Qualified Management Team. ZimCal Says It's No Surprise

03/06/26

Medallion Financial's recent debt maturity is evidence of significant issues

02/03/26

ZimCal releases presentation on Medallion Financial that shows risks but also huge potential

02/19/25

"Is mediocrity good enough?" – ZimCal asks Medallion Financial stockholders

01/06/25

ZimCal Demands Medallion Financial Corp Board Protect Stakeholders in SEC Lawsuit

08/20/24

ZimCal disturbed by Medallion Financial's second quarter results

05/24/24

ZimCal Responds to False Allegations From Medallion and Publishes Rebuttal

Read the full press release (BusinessWire)

LETTERS AND EMAILS TO/FROM MEDALLION FINANCIAL

First Request by MFIN to ZimCal to try to get ZimCal to provide a “monetization” option.20231204 ZimCal explains to MFIN its concerns with governance, leadership and strategy and that it wants to remain an investor.20231212 Request by ZimCal for clarification of what “monetization” meant and why MFIN was requesting it.20231218 Follow up with MFIN detailing reason for activism and desire to stay invested in MFIN.20240101 Murstein states that MFIN will treat ZimCal as hostile.20240205 Letter to the Board of Directors of MFIN sent at request of MFIN’s counsel and Mr. Murstein.20240212 Request by ZimCal for MFIN to stop focusing on a payoff and focus on business improvements.20240301

05/16/24

ZimCal Responds to Personal Attacks by Medallion Financial Corp.

05/02/24

ZimCal Asset Management, LLC Comments on Medallion Financial Corp.'s First Quarter Results

04/12/24

ZimCal Asset Management, LLC and Its Affiliates Nominate Two Highly Qualified, Independent Candidates to the Board of Medallion Financial Corp.

Presentations

06/02/26

A Focus on Governance Issues at Medallion Financial

06/02/26

BIMIZCI Releases March 2026 Letter to the Medallion Financial Board

05/28/26

Setting the Record Straight: BIMIZCI's Point-by-Point Response to Medallion Financial's May 2026 Investor Presentation

05/20/26

ISS Presentation Restoring the Shine to Medallion Financial: A Focus on Governance Flaws

05/13/26

BIMIZCI Sends Opening Letter to Medallion Financial Stockholders

05/08/26

BIMIZCI Files Definitive Proxy Statement for 2026 Annual Meeting