MediaAlpha Names Tigran Sinanyan CFO; Q3 Tracking Above Guidance
MAX sits 77% above its 52-week low of $7.09.
Summary
MediaAlpha announced a CFO transition and raised its Q3 2026 outlook to at or above the top end of prior guidance.
Key Events · Executive and Board Changes · MAX
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CFO Transition Announced
Patrick Thompson steps down as CFO effective October 1, 2026; Tigran Sinanyan, SVP of Finance and former CFO (2015-2021), succeeds him.
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Q3 Guidance Raised
Company now expects Q3 2026 Revenue, Contribution, and Adjusted EBITDA at or above the top end of previously disclosed guidance ranges from the July 29, 2026 earnings release.
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Transition Terms
Thompson will serve as Special Advisor through October 30, 2026, then as a consultant through February 26, 2027, continuing to vest outstanding RSUs.
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New CFO Compensation
Sinanyan's employment agreement provides $475,000 base salary, 70% target bonus starting 2027, and a $252,100 RSU award vesting over four years.
Analysis · MAX · Trade & Services
A CFO transition is underway at MediaAlpha: Patrick Thompson steps down October 1, and Tigran Sinanyan, a former CFO who rejoined in 2025, takes over. The change is framed as amicable, with Thompson staying on as a consultant through February 2027. More importantly for investors, the same filing raised the Q3 outlook—revenue, contribution, and adjusted EBITDA are now expected at or above the top end of prior guidance. That is a concrete positive signal on top of a leadership change, and it lands just weeks after a strong Q2 beat.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30% of the 1973 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MAX was trading at $12.53 on NYSE in the Trade & Services sector, with a market capitalization of approximately $767.6M. The 52-week trading range was $7.09 to $14.70. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.