Broadway Financial Corp. CFO John Allen to resign effective December 31

John Allen, Executive Vice President and Chief Banking Officer at Broadway Financial Corporation, will resign from the company effective December 31, 2026. The departure was agreed upon by the company and Mr. Allen on September 28, 2026, as disclosed in a Form 8-K filed with the U.S. Securities and Exchange Commission.

Broadway Financial Corporation expects Mr. Allen to remain with the firm in a transition capacity through the end of the year. The company stated it will evaluate the structure, scope, and responsibilities of the position to ensure its leadership structure continues to support the execution of its strategic priorities.

The company will determine next steps following that evaluation, including whether to conduct a search for a successor. The filing was signed by Brian Argrett, Chief Executive Officer of Broadway Financial Corporation, on October 2, 2026.

Broadway Financial Corporation is incorporated in Delaware and maintains its principal executive offices at 4601 Wilshire Boulevard, Suite 150, Los Angeles, CA 90010. Its Class A Common Stock trades on the Nasdaq Capital Market under the symbol BYFC. The company has a Commission File Number of 001-39043 and an IRS Employer Identification Number of 95-4547287.