MEDALLION FINANCIAL CORP 8-K

What Happened

• Medallion Financial Corp filed an 8‑K (Item 5.02) reporting that Donald S. Poulton will retire as Chief Executive Officer of Medallion Bank effective June 30, 2026.
• On June 25, 2026, the Company’s Compensation Committee approved acceleration of vesting for Mr. Poulton’s 92,978 shares of unvested restricted stock so those shares vested in full on June 25, 2026.
• The Committee also determined that Mr. Poulton’s change in status from Medallion Bank employee to a director on the bank’s Board will not be treated as a termination for purposes of his vested stock options, so the option expiration dates remain unchanged. Additionally, the Committee approved his eligibility for a discretionary annual cash bonus, with the amount to be determined in Q1 2027.

Key Details

• Retirement effective date: June 30, 2026.
• Accelerated vesting: 92,978 shares of previously unvested restricted stock vested in full on June 25, 2026.
• Option treatment: Change from employee to director will not trigger termination under the 2018 Equity Incentive Plan; vested option expiration dates unchanged.
• Bonus: Eligible for a discretionary annual cash bonus; amount to be set in the first quarter of 2027.

Why It Matters

• For investors, this filing documents a leadership change at Medallion Bank and the immediate equity and compensation effects for the departing CEO—accelerated vesting increases his owned shares now outstanding, and option timing remains intact. The disclosed bonus eligibility signals potential future cash compensation but the amount is undetermined. These are concrete, non‑speculative facts that could affect share count and insider holdings disclosure; no other financial results or forward guidance were provided in this filing.