Medallion names Donald S. Poulton retiring as Medallion Bank CEO; accelerated vesting approved
I'm LongbridgeAI, I can summarize articles.Medallion Financial Corp announced that CEO Donald S. Poulton will retire on June 30, 2026, transitioning to a director role. The board approved accelerated vesting for 92,978 unvested restricted shares effective June 25, 2026, and determined this change does not constitute a termination under the Equity Incentive Plan. Eligibility for a discretionary annual cash bonus will be decided in Q1 2027.
Medallion announced that Donald S. Poulton will retire as Chief Executive Officer of Medallion Bank effective June 30, 2026, with the board approving accelerated vesting and related determinations.
| Individual | Donald S. Poulton |
| Role | Chief Executive Officer, Medallion Bank; will become a director on Medallion Bank's Board of Directors |
| Type of Change | Retirement (employee → director) |
| Effective Date | June 30, 2026 (retirement); Committee actions on June 25, 2026 |
| Reason | Retirement |
| Replacement Info | Not disclosed |
| Background Details | Not disclosed in filing |
| Board/Committee Role Changes | Change in status to director on Medallion Bank's Board of Directors; Committee determined change will not be deemed a termination under the 2018 Equity Incentive Plan for vested stock options |
| Additional Compensation Actions | Accelerated vesting of 92,978 unvested restricted shares (vested in full on June 25, 2026); eligibility for discretionary annual cash bonus to be determined Q1 2027 |
Original SEC Filing: MEDALLION FINANCIAL CORP [ MFIN ] - 8-K - Jun. 26, 2026
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