1st Franklin Financial Corp.
04/06/2026 | Press release | Distributed by Public on 04/06/2026 13:16
Management Change/Compensation (Form 8-K)
Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On March 24, 2026, the board of directors (the "Board") of 1st Franklin Financial Corporation appointed Sharon Mancero to serve as a member of the Board, effective April 1, 2026. The Board has also appointed Ms. Mancero to serve as a member of the Audit Committee of the Board and has determined that Ms. Mancero qualifies as an independent director under the listing standards of the Nasdaq Stock Market LLC.
Sharon Mancero is the Principal of M2 Advisory Group, LLC, a firm she founded in January 2025 to provide executive-level advisory services to consumer finance organizations addressing evolving challenges in risk management, data governance, and capital strategies. Prior to founding M2 Advisory Group, Ms. Mancero spent more than 30 years at Wells Fargo Bank, N.A., primarily within the Asset-Backed Finance group, where she focused on providing senior lending facilities to consumer finance companies across the U.S. and Canada. In that role, she was responsible for market and business development, cultivating strategic relationships with national brands, and developing new lending channels and programs for consumer finance assets.
Ms. Mancero has also held leadership roles in several industry organizations. She served in board positions as Vice President and President for National Automotive Finance Association (NAF) and Vice Chair and Chairperson of American Financial Services Association (AFSA). She has also served as Vice President and President, on the board of directors of a private community in Iowa for over a decade. Most recently, she provided consulting services as a Managing Director at Agora Data, Inc., where she led strategic initiatives.
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