Medallion Financial appoints Andrew Murstein CEO effective Jan 31, 2026; Alvin Murstein becomes Executive Chairman

MEDALLION FINANCIAL CORP

Alvin Murstein will step down as CEO on Jan 31, 2026, becoming Executive Chairman until May 2027, then retire.
Andrew Murstein appointed CEO effective Jan 31, 2026, while continuing as President, COO, and Board member.
Employment agreements amended; all incentive equity awards for 2025-2027 to be in restricted stock and options.
Board adopted amended bylaws to permit an Executive Chairman role.
Legacy taxi medallion lending business now under 1% of total assets.

item 5.02 item 5.03 item 9.01

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