Medallion Financial Corporation has announced changes to its executive compensation agreements effective January 12, 2026. Donald Poulton will step down as President of Medallion Bank but will continue as Chief Executive Officer for the remainder of his employment term, with all other terms of his existing agreement remaining unchanged. David Justin Haley will become President of Medallion Bank, moving from his role as Executive Vice President and Chief Financial Officer. Under his new employment agreement, Haley will receive an annual base salary of $430,000 starting January 1, 2026, subject to annual review and potential increases by the Board. The agreement also includes a severance payment provision and a non-competition covenant in favor of the company.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Medallion Financial Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-010406), on January 12, 2026, and is solely responsible for the information contained therein.