On November 1, 2021, Larry D. Hall notified Medallion Financial Corp. of his intention to retire from his positions as Senior Vice President effective December 31, 2021. On November 1, 2021, the Board of Directors of the Company appointed Anthony N. Cutrone to succeed Larry D. Hall and serve as the Executive Vice President of the Company, effective January 1, 2022. Mr. Cutrone, age 42, currently serves as the Director of Finance of the Company since May 2021 and previously served as the Assistant Controller and the Manager of Accounting and Financial Reporting from October 2007 through September 2020.