Current Report · Items 5.02 · 8-K
Medallion Financial Corp.
MFINNASDAQEQUITYCurrent
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) In connection with Donald S. Poulton’s retirement, effective June 30, 2026, from his position as Chief Executive Officer of Medallion Bank, on June 25, 2026, the Compensation Committee (the “Committee”) of the Board of Directors of Medallion Financial Corp.…
Filed Jun 26, 2026Accepted Jun 26, 2026, 8:30 AM EDTCIK 1000209Accession 0001193125-26-284003
Company context
Medallion Bank specializes in providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners. The Bank works directly with thousands of dealers, contractors and financial service providers serving their customers throughout the United States. Medallion Bank is a Utah-chartered, FDIC-insured industrial bank headquartered in Salt Lake City and is a wholly owned subsidiary of Medallion Financial Corp.
Current securities
Disclosure sections
Items 5.02Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) In connection with Donald S. Poulton’s retirement, effective June 30, 2026, from his position as Chief Executive Officer of Medallion Bank, on June 25, 2026, the Compensation Committee (the “Committee”) of the Board of Directors of Medallion Financial Corp. (the “Company”) (i) approved the accelerated vesting of Mr. Poulton’s shares of unvested restricted stock, such that Mr. Poulton’s 92,978 shares of unvested restricted stock vested in full on June 25, 2026 and (ii) determined that Mr. Poulton’s change in status from an employee of Medallion Bank to a director on Medallion Bank's Board of Directors will not be deemed a termination under the terms of the Company’s 2018 Equity Incentive Plan, as amended, with respect to Mr. Poulton’s vested stock options, such that the applicable expiration dates will remain unchanged. Additionally, on June 25, 2026, the Committee approved Mr. Poulton’s eligibility for a discretionary annual cash bonus, the amount of which shall be determined in the first quarter of 2027.