MediaAlpha, Inc. (MAX) announced that Chief Financial Officer Patrick Thompson will step down, effective October 1, 2026. Tigran Sinanyan, the company's current Senior Vice President of Finance and a former CFO, will be appointed as his successor. The company also announced that it expects key third-quarter financial results to exceed prior guidance.
Key Details
- CFO Transition: Tigran Sinanyan will become Chief Financial Officer and Treasurer on October 1, 2026. He previously served as MediaAlpha's CFO from 2015 to 2021.
- Outgoing CFO: Patrick Thompson will step down on October 1, 2026, and will serve as a consultant to the company through February 26, 2027, to ensure a smooth transition.
- Updated Q3 2026 Guidance: The company expects Revenue, Contribution, and Adjusted EBITDA for the third quarter of 2026 to be at or above the top end of its previously disclosed guidance ranges.
- New CFO Compensation: Mr. Sinanyan's employment agreement includes an annual base salary of $475,000, a target annual bonus of 70% of base salary (starting in 2027), and a 2026 RSU award with a grant date value of $252,100.