MBIA Inc. Announces Board and Executive Compensation Changes
Ticker: MBI · Form: 8-K · Filed: Mar 7, 2024 · CIK: 814585
| Field | Detail |
|---|---|
| Company | Mbia Inc (MBI) |
| Form Type | 8-K |
| Filed Date | Mar 7, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, compensation
TL;DR
MBIA board shakeup and exec pay changes filed today.
AI Summary
MBIA Inc. announced on March 7, 2024, changes in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory plans for key executives. Specific details regarding the individuals involved and the financial implications of these changes are outlined within the report.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, or financial outlook, impacting investor confidence and stock performance.
Risk Assessment
Risk Level: medium — Changes in executive and board positions can indicate internal shifts that may affect future company performance and strategy.
Key Players & Entities
- MBIA INC. (company) — Registrant
- March 7, 2024 (date) — Date of earliest event reported
FAQ
What specific roles have been affected by the departure of directors or officers?
The filing indicates changes related to the 'Departure of Directors or Certain Officers', 'Election of Directors', and 'Appointment of Certain Officers', suggesting shifts in leadership and governance.
Are there any new compensatory arrangements for certain officers mentioned in the filing?
Yes, the filing explicitly lists 'Compensatory Arrangements of Certain Officers' as an item of information being reported.
When was the earliest event reported in this 8-K filing?
The earliest event reported is dated March 7, 2024.
What is MBIA Inc.'s principal executive office address?
MBIA Inc.'s principal executive offices are located at 1 Manhattanville Road, Suite 301, Purchase, New York 10577.
What is the SIC code for MBIA Inc.?
The Standard Industrial Classification (SIC) code for MBIA Inc. is 6351, which corresponds to Surety Insurance.
Filing Stats: 873 words · 3 min read · ~3 pages · Grade level 11.4 · Accepted 2024-03-07 16:05:34
Key Financial Figures
- $1 — ich Registered Common Stock, par value $1 per share MBI New York Stock Exchan
Filing Documents
- d809086d8k.htm (8-K) — 27KB
- d809086dex991.htm (EX-99.1) — 57KB
- 0001193125-24-062166.txt ( ) — 219KB
- mbi-20240307.xsd (EX-101.SCH) — 3KB
- mbi-20240307_lab.xml (EX-101.LAB) — 18KB
- mbi-20240307_pre.xml (EX-101.PRE) — 11KB
- d809086d8k_htm.xml (XML) — 4KB
FINANCIAL STATEMENTS AND EXHIBITS
FINANCIAL STATEMENTS AND EXHIBITS. 99.1 Separation Agreement, dated as of March 7, 2024, by and between Anthony McKiernan and the Company 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. 2
SIGNATURES
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. MBIA INC. By: /s/ William J. Rizzo William J. Rizzo Co-General Counsel Date: March 7, 2024 3