---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-253496"
form_type: "8-K"
ticker: "MFIN"
cik: "0001000209"
company_name: "MEDALLION FINANCIAL CORP"
filed_at: "2025-10-28T23:59:59+00:00"
generated_at: "2026-05-17T01:50:24.167707+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-253496
- form_type: 8-K
- ticker: MFIN
- cik: 0001000209
- company_name: MEDALLION FINANCIAL CORP
- filed_at: 2025-10-28T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1000209/000119312525253496/0001193125-25-253496-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1000209/000119312525253496/mfin-20251024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-253496
- JSON: https://secwatch.observer/filing/0001193125-25-253496.json
- Plain text: https://secwatch.observer/filing/0001193125-25-253496.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.