MBIA INC. Files Definitive Proxy Statement (DEF 14A)

Ticker: MBI · Form: DEF 14A · Filed: Mar 21, 2024 · CIK: 814585

Mbia Inc DEF 14A Filing Summary
FieldDetail
CompanyMbia Inc (MBI)
Form TypeDEF 14A
Filed DateMar 21, 2024
Risk Levellow
Pages15
Reading Time18 min
Sentimentneutral

Sentiment: neutral

Topics: MBIA INC, DEF 14A, Proxy Statement, Corporate Governance, Executive Compensation

TL;DR

<b>MBIA INC. has filed its Definitive Proxy Statement (DEF 14A) for the fiscal year ending December 31, 2023.</b>

AI Summary

MBIA INC (MBI) filed a Proxy Statement (DEF 14A) with the SEC on March 21, 2024. MBIA INC. filed a Definitive Proxy Statement (DEF 14A) on March 21, 2024. The filing covers the fiscal year ending December 31, 2023. Previous fiscal years covered include 2022, 2021, and 2020. The company's principal executive offices are located at 1 Manhattanville Road, Suite 301, Purchase, NY 10577. MBIA INC. is classified under SURETY INSURANCE [6351].

Why It Matters

For investors and stakeholders tracking MBIA INC, this filing contains several important signals. This DEF 14A filing is crucial for shareholders as it details executive compensation, board nominations, and other important corporate governance matters that will be voted on at the upcoming annual meeting. Understanding the details within this proxy statement allows investors to make informed decisions regarding their voting rights and the strategic direction of MBIA INC.

Risk Assessment

Risk Level: low — MBIA INC shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate governance procedures rather than immediate financial distress or significant new developments.

Analyst Insight

Review the executive compensation details and any proposed shareholder resolutions within the DEF 14A to understand potential impacts on corporate strategy and shareholder value.

Key Numbers

  • 2024-03-21 — Filing Date (Filed as of date)
  • 2024-05-02 — Period of Report (Conformed period of report)
  • 2023-12-31 — Fiscal Year End (Fiscal year end)
  • 6351 — SIC Code (Standard Industrial Classification)

Key Players & Entities

  • MBIA INC (company) — FILER
  • MBIA INC (company) — COMPANY CONFORMED NAME
  • 1 MANHATTANVILLE ROAD (location) — BUSINESS ADDRESS STREET 1
  • PURCHASE (location) — BUSINESS ADDRESS CITY
  • NY (location) — BUSINESS ADDRESS STATE
  • 10577 (location) — BUSINESS ADDRESS ZIP
  • 914-273-4545 (phone) — BUSINESS PHONE

FAQ

When did MBIA INC file this DEF 14A?

MBIA INC filed this Proxy Statement (DEF 14A) with the SEC on March 21, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by MBIA INC (MBI).

Where can I read the original DEF 14A filing from MBIA INC?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by MBIA INC.

What are the key takeaways from MBIA INC's DEF 14A?

MBIA INC filed this DEF 14A on March 21, 2024. Key takeaways: MBIA INC. filed a Definitive Proxy Statement (DEF 14A) on March 21, 2024.. The filing covers the fiscal year ending December 31, 2023.. Previous fiscal years covered include 2022, 2021, and 2020..

Is MBIA INC a risky investment based on this filing?

Based on this DEF 14A, MBIA INC presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating standard corporate governance procedures rather than immediate financial distress or significant new developments.

What should investors do after reading MBIA INC's DEF 14A?

Review the executive compensation details and any proposed shareholder resolutions within the DEF 14A to understand potential impacts on corporate strategy and shareholder value. The overall sentiment from this filing is neutral.

How does MBIA INC compare to its industry peers?

MBIA INC. operates within the surety insurance industry, providing financial guarantees for various obligations.

Are there regulatory concerns for MBIA INC?

As a financial services company, MBIA INC. is subject to regulations from bodies like the SEC, which mandate filings such as this DEF 14A.

Industry Context

MBIA INC. operates within the surety insurance industry, providing financial guarantees for various obligations.

Regulatory Implications

As a financial services company, MBIA INC. is subject to regulations from bodies like the SEC, which mandate filings such as this DEF 14A.

What Investors Should Do

  1. Analyze the detailed breakdown of executive compensation for named executive officers.
  2. Review proposals related to the election of directors and any shareholder proposals.
  3. Examine the company's corporate governance practices outlined in the filing.

Year-Over-Year Comparison

This filing is a DEF 14A, which is a standard annual filing for public companies, indicating routine corporate governance and shareholder voting information.

Filing Stats: 4,567 words · 18 min read · ~15 pages · Grade level 12.6 · Accepted 2024-03-21 16:03:18

Filing Documents

Executive compensation tables

Executive compensation tables 32 Summary compensation table for 2023 32 Grants of plan-based awards in 2023 33 Outstanding equity awards as of December 31, 2023 35 Option exercises and stock vested in 2023 39 Non-qualified deferred compensation in 2023 39 Potential payments upon termination or change in control as of December 31, 2023 43 Compensation plan risk assessment 47 Principal accountant fees and services 48

Security ownership of certain beneficial owners

Security ownership of certain beneficial owners 49

Security ownership of Directors and Executive Officers

Security ownership of Directors and Executive Officers 50 Section 16(a) Beneficial ownership reporting compliance 51 Certain relationships and related transactions 51 Proposals for shareholder approval recommended by the Board 52 Proposal 1: Election of Directors 52 Proposal 2: Approval of compensation paid to NEOs 56 Proposal 3: Selection of independent auditors 56 Proposal 4: Approval of the Amended and Restated MBIA Inc. Omnibus Incentive Plan 56 Table of Contents General information How it works. The Board of Directors of the Company is soliciting shareholders' proxies in connection with the Annual Meeting of Shareholders to be held on Thursday, May 2, 2024 at 10:00 a.m. EDT. Consistent with Connecticut General Statutes, we have adopted a virtual format for our Annual Meeting to enable universal access and a consistent experience to all shareholders regardless of location. We will provide a live webcast of the Annual Meeting at www.virtualshareholdermeeting.com/MBI2024. Only shareholders of record at the close of business on March 8, 2024 may vote at the Annual Meeting. As of March 8, 2024, there were 51,275,886 shares of our common stock (which is our only class of voting stock) outstanding and eligible to be voted. Treasury shares (including National Public Finance Guarantee Corporation's MBIA Inc. shares) are not voted. Each shareholder has one vote for each share of MBIA common stock owned on the record date for all matters being voted on at the Annual Meeting. A certified list of shareholders will be available for inspection beginning two days following the date of the Notice at www.proxyvote.com by logging in with your 16-digit control number(s) and during the Annual Meeting at www.virtualshareholdermeeting.com/MBI2024 on the link marked "Registered Shareholder List". A quorum is constituted by the participation, either remotely via live webcast, or by proxy, of holders of our common stock representing a majority of th

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