MEDALLION FINANCIAL CORP 8-K

What Happened
Medallion Financial Corp (via its subsidiary Medallion Capital, Inc.) reported in an 8-K filed June 12, 2026 that on June 11, 2026 the U.S. Small Business Administration notified the company that background checks for two submitted candidates were satisfactory. That notification "cures" the previously disclosed event of default with respect to its outstanding SBA debentures.

Key Details

• SBA notification delivered June 11, 2026; 8-K filed June 12, 2026 (Item 8.01: Other Events).
• Satisfactory completion of background checks was for two submitted candidates.
• The satisfactory checks cure the previously disclosed event of default related to the company's outstanding SBA debentures.

Why It Matters
The SBA's notification removes the previously reported event of default on the company's SBA debentures, as stated in the 8-K. For investors, this means the specific default disclosed earlier has been addressed according to the filing; the company did not disclose any additional financial terms or changes to its debenture obligations in this report. Investors should watch future filings for any further disclosures about the debentures or related financial impacts.