SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): | Commission File Number: | |
| July 26, 2012 | 814-00188 | |
MEDALLION FINANCIAL CORP.
(Exact name of registrant as specified in its charter)
| Delaware | 04-3291176 | |
| (State or other jurisdiction of incorporation) |
(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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) On July 26, 2012, the board of directors of Medallion Financial Corp. (the “Company”) approved the Compensation Committee’s recommendations to increase the Company’s director fees. The board approved the following fees effective July 26, 2012:
| Annual Retainer |
$ | 39,655 | ||
| Type of Meeting |
Amount Paid per Meeting | |||
| Board Meeting |
$ | 3,965 | ||
| Special Meeting |
$ | 3,965 | ||
| Telephonic Board Meeting |
$ | 1,130 | ||
| Compensation & Nominating Committee Meeting |
$ | 1,700 | ||
| Audit Committee Meeting |
$ | 3,400 | ||
| Executive Committee Meeting |
$ | 3,965 | ||
| Additional Fee for Chairperson (except Audit) |
$ | 1,700 | ||
| Additional Fee for Audit Committee Chairperson |
$ | 2,265 | ||
| Medallion Funding LLC Board Meeting |
$ | 1,530 | ||
| Medallion Capital, Inc. Board Meeting |
$ | 1,530 | ||
| Freshstart Venture Capital Corp. Board Meeting |
$ | 1,530 | ||
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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: | July 27, 2012 | |||
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