[8-K] Mobile Infrastructure Corporation Reports Material Event

Rhea-AI Filing Summary

Webster Financial Corp. (NYSE: WBS) filed an 8-K announcing a senior accounting leadership change. Executive Vice President & Chief Accounting Officer (CAO) Albert J. Wang will resign effective 2 Sep 2025 to pursue another opportunity but will remain through that date to support an orderly hand-off.

Succession plan: Beginning 3 Sep 2025, Gregory S. Madar—currently Senior Managing Director & Corporate Controller—will serve as Interim CAO while the company conducts an internal and external search for a permanent replacement. Madar joined the Bank in 2011, previously holding CAO (2011-17) and HSA Bank CFO (2017-23) roles, providing continuity and institutional knowledge. His interim compensation package has not yet been determined.

No financial results, guidance, or other material transactions were disclosed. The filing is limited to the leadership transition under Item 5.02 and an exhibit index for the Inline XBRL cover page.

Positive

• Orderly transition: Wang will remain until 2 Sep 2025, providing continuity through the Q3 reporting cycle.
• Experienced interim: Gregory S. Madar has served as Corporate Controller since Nov 2023 and was previously CAO (2011-17), reducing execution risk.

Negative

• Key executive departure: Loss of the CAO could raise perceived financial reporting and governance risk until a permanent successor is named.
• Unresolved compensation & timeline: Interim remuneration and search duration remain unspecified, adding short-term uncertainty.

Insights

Sell-Side Financial Analyst

TL;DR: CAO exit mildly negative; seasoned interim reduces near-term reporting risk.

Wang’s departure removes a long-tenured gatekeeper of financial controls, a potential governance concern ahead of Q3 close. However, Madar’s deep accounting background at Webster and HSA Bank limits operational disruption. Because the firm disclosed the change seven weeks in advance and Wang will assist through the 10-Q cycle, I view the impact as modestly negative but manageable. Investors should monitor search progress and any SEC filing delays.

Corporate Governance Specialist

TL;DR: Planned transition signals solid succession process; limited strategic impact.

The board activated a clear interim plan, naming a controller with prior CAO experience—good practice under SOX. Lack of compensation details is normal at this stage. Unless prolonged, the vacancy should not trigger control deficiencies. I classify the event as low-impact, with emphasis on continued disclosure quality.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 17, 2025

MOBILE INFRASTRUCTURE CORPORATION

(Exact name of registrant as specified in its charter)

Maryland		001-40415		32-0777356
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

30 W. 4th Street Cincinnati, Ohio		45202
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (513) 834-5110

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.0001 par value per share		BEEP		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

Payment of Preferred Stock Dividends

On July 17, 2025, the board of directors (the “Board”) of Mobile Infrastructure Corporation (the “Company”) authorized and the Company declared the payment of monthly dividends on (i) the shares of Series A Preferred Stock, par value $0.0001 per share (the “Series A Preferred Stock”), of the Company, which will be paid at a rate of $4.791 per share on or about August 12, 2025 (the “Payment Date”) and (ii) the shares of Series 1 Preferred Stock, par value $0.0001 per share (the “Series 1 Preferred Stock”), of the Company, which will be paid at a rate of $4.583 per share on or about the Payment Date (collectively, the “July Dividend”). The July Dividend will be payable to the respective holders of record of the Series A Preferred Stock and the Series 1 Preferred Stock as of the close of business on July 28, 2025 and July 24, 2025, respectively.

The declaration and payment of future dividends is subject to the Board’s discretion and will be determined by the Board based on the Company’s financial condition, applicable law and such other considerations as the Board deems relevant.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	MOBILE INFRASTRUCTURE CORPORATION
Date: July 21, 2025	By:	/s/ Stephanie Hogue
	Name:	Stephanie Hogue
	Title:	President, Treasurer, and Corporate Secretary

FAQ

Why is Webster Financial's CAO Albert J. Wang resigning?

The 8-K states Wang is leaving to pursue another professional opportunity and will depart on 2 Sep 2025.

Who will replace Webster Financial's CAO after 2 Sep 2025?

Gregory S. Madar, Senior Managing Director & Corporate Controller, will serve as Interim CAO starting 3 Sep 2025.

Does the filing disclose Gregory Madar’s compensation as Interim CAO?

No. The company notes that compensatory arrangements have not yet been determined.

Are there any financial results or guidance in this 8-K for WBS?

No. The report is limited to the leadership change under Item 5.02; no earnings or guidance data are provided.

Will Albert Wang assist with the transition at Webster Financial?

Yes. Wang will continue in his current role through 2 Sep 2025 to facilitate the transition.