{"filing":{"accession_number":"0001140361-26-040112","cik":"0001000209","ticker":"MBNKO","company_name":"MEDALLION FINANCIAL CORP","form":"8-K","filing_date":"2026-10-19","report_date":"2026-10-16","primary_document":"ef20084038_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1000209/000114036126040112/ef20084038_8k.htm"},"events":[{"id":36119,"run_id":33301,"accession_number":"0001140361-26-040112","anchor_item_number":"1.01","event_type":"financial_other","event_domain":"financial","is_material":true,"confidence":0.75,"summary":"Medallion Financial entered into a Purchase and Settlement Agreement to repurchase $15 million in trust preferred securities (TruPS) for $11.049 million (73.66% discount to face value), with an ancillary five-year standstill agreement with ZimCal. The company expects to record a gain in Q4 2026 and characterizes the transaction as accretive to common shareholders.","company_name":"MEDALLION FINANCIAL CORP","ticker":"MBNKO","filing_date":"2026-10-19","form":"8-K","submitted_at":null,"items":[{"id":40414,"accession_number":"0001140361-26-040112","item_number":"1.01","item_title":null,"event_type":"financial_other","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"Medallion Financial entered into a Purchase and Settlement Agreement to repurchase $15 million in trust preferred securities (TruPS) for $11.049 million, representing a 73.66% discount to face value. While this involves a material definitive agreement (Item 1.01), the core economic event is a capital transaction—a debt/preferred security repurchase at a discount that will generate a gain in Q4 2026. This is a financial event involving the company's capital structure and obligations, but does not fit the specific categories of debt_issuance (which concerns new obligations), dividend_distribution, or ma_activity (which typically involves acquisitions or dispositions of business units). The settlement component with ZimCal (standstill, share disposal, non-disparagement covenants) is ancillary to the primary financial transaction.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-19T20:32:35.054899+00:00","company_name":"","ticker":null,"filing_date":""},{"id":40415,"accession_number":"0001140361-26-040112","item_number":"7.01","item_title":null,"event_type":"financial_other","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"The disclosure centers on Medallion's repurchase of $15.0 million in trust preferred securities (TruPS) from BIMIZCI at 73.66% of face value for $11.049 million, plus a five-year standstill agreement. While this involves a capital structure transaction and debt-like instrument, it is neither a new debt issuance nor a traditional dividend/capital return. The company expects to record a gain in Q4 2026, and the transaction is characterized as accretive to common shareholders. This is a material financial event involving the retirement of a financial obligation at a discount, best classified as a financial restructuring that does not fit the specific debt_issuance or dividend_distribution categories.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-19T20:32:35.054899+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":40414,"accession_number":"0001140361-26-040112","item_number":"1.01","item_title":null,"event_type":"financial_other","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"Medallion Financial entered into a Purchase and Settlement Agreement to repurchase $15 million in trust preferred securities (TruPS) for $11.049 million, representing a 73.66% discount to face value. While this involves a material definitive agreement (Item 1.01), the core economic event is a capital transaction—a debt/preferred security repurchase at a discount that will generate a gain in Q4 2026. This is a financial event involving the company's capital structure and obligations, but does not fit the specific categories of debt_issuance (which concerns new obligations), dividend_distribution, or ma_activity (which typically involves acquisitions or dispositions of business units). The settlement component with ZimCal (standstill, share disposal, non-disparagement covenants) is ancillary to the primary financial transaction.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-19T20:32:35.054899+00:00","company_name":"MEDALLION FINANCIAL CORP","ticker":"MBNKO","filing_date":"2026-10-19"},{"id":40415,"accession_number":"0001140361-26-040112","item_number":"7.01","item_title":null,"event_type":"financial_other","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"The disclosure centers on Medallion's repurchase of $15.0 million in trust preferred securities (TruPS) from BIMIZCI at 73.66% of face value for $11.049 million, plus a five-year standstill agreement. While this involves a capital structure transaction and debt-like instrument, it is neither a new debt issuance nor a traditional dividend/capital return. The company expects to record a gain in Q4 2026, and the transaction is characterized as accretive to common shareholders. This is a material financial event involving the retirement of a financial obligation at a discount, best classified as a financial restructuring that does not fit the specific debt_issuance or dividend_distribution categories.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-19T20:32:35.054899+00:00","company_name":"MEDALLION FINANCIAL CORP","ticker":"MBNKO","filing_date":"2026-10-19"}]}