Maiden Holdings, Ltd. Announces 2024 Annual General Meeting on May 6

TL;DR

<b>Maiden Holdings, Ltd. will hold its 2024 Annual General Meeting on May 6, 2024, to elect directors, vote on executive compensation, and appoint auditors.</b>

AI Summary

Maiden Holdings, Ltd. (MHNC) filed a Proxy Statement (DEF 14A) with the SEC on March 27, 2024. The 2024 Annual General Meeting of Maiden Holdings, Ltd. will be held on May 6, 2024. The meeting will take place at Rosewood Bermuda, 60 Tucker's Point Drive, Hamilton Parish HS 02, Bermuda. Key agenda items include the election of nine directors, a non-binding advisory vote on executive compensation, and the appointment of Ernst & Young LLP as independent auditor. The meeting is for holders of common shares, par value $0.01. The filing is a Definitive Proxy Statement (DEF 14A) filed on March 27, 2024.

Why It Matters

For investors and stakeholders tracking Maiden Holdings, Ltd., this filing contains several important signals. Shareholders will vote on the election of directors and executive compensation, directly impacting corporate governance and management incentives. The appointment of the independent auditor is crucial for financial transparency and investor confidence in the company's reporting.

Risk Assessment

Risk Level: low — Maiden Holdings, Ltd. shows low risk based on this filing. The filing is a routine proxy statement for an annual general meeting and does not contain new financial performance data or significant strategic changes, indicating a low level of immediate market impact.

Analyst Insight

Shareholders should review the director nominees and executive compensation details before the May 6th meeting to make informed voting decisions.

Key Numbers

• 9 — Directors (Number of directors to be elected at the meeting.)
• 2024 — Fiscal Year (Fiscal year for which Ernst & Young LLP is being appointed as auditor.)
• 2025 — Annual Meeting (Term for which directors will serve until.)

Key Players & Entities

• Maiden Holdings, Ltd. (company) — Registrant and filer of the proxy statement.
• May 6, 2024 (date) — Date of the Annual General Meeting.
• Ernst & Young LLP (company) — Nominated as the Company's independent registered public accounting firm.
• Rosewood Bermuda (company) — Location of the Annual General Meeting.
• Hamilton Parish HS 02, Bermuda (location) — Address of the meeting venue.
• $0.01 (dollar_amount) — Par value of the Common Shares.

FAQ

Industry Context

Maiden Holdings, Ltd. operates in the insurance industry, specifically fire, marine, and casualty insurance.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically Section 14(a) concerning proxy solicitations.

What Investors Should Do

1. Review the list of director nominees and their qualifications.
2. Understand the details of the executive compensation plan being presented for advisory vote.
3. Confirm the appointment of Ernst & Young LLP as the independent auditor for fiscal year 2024.

Key Dates

• 2024-05-06: Annual General Meeting of Shareholders — Shareholders will vote on director elections, executive compensation, and auditor appointment.

Year-Over-Year Comparison

This is a DEF 14A filing for the 2024 Annual General Meeting, indicating a routine procedural update rather than a change from a previous filing type.

Key Financial Figures

• $0.01 — for holders of common shares, par value $0.01 (Common Shares). The purpose of this y
• $4.00 — ievement of GAAP book value of at least $4.00 per share as established in the Company
• $4.25 — , and (iii) GAAP book value of at least $4.25 per share as established in the Company
• $4.50 — , and (iii) GAAP book value of at least $4.50 per share as established in the Company

Filing Documents

• maidenproxy2023def14a.htm (DEF 14A) — 436KB
• mhlimagea05a.jpg (GRAPHIC) — 51KB
• pxb15472a.jpg (GRAPHIC) — 379KB
• pxf15472a.jpg (GRAPHIC) — 434KB
• 0001412100-24-000032.txt (&nbsp;) — 1626KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS The following table sets forth certain information with respect to the beneficial ownership of our Common Shares by each person or group known by us to own more than 5% of our Common Shares. Ownership percentages are based on 143,351,043 Common Shares outstanding as of March 15, 2024. Name and Address of Beneficial Owner Amount and Nature of Beneficial Ownership Percent of Class Maiden Reinsurance Ltd. 159 Bank Street, 4th Floor, Burlington, VT 05401 42,878,923 (1) 29.9 % Talkot Capital, LLC 30 Liberty Ship Way, Suite 3110, Sausalito, CA 94965 12,892,842 (2) 9.0 % Phillips Ray Capital Management, Inc. 2727 W 7 th Street, Suite 220, Fort Worth, TX 76107 8,198,599 (3) 5.7 % 1. Based on Schedule 13D filed with the SEC on January 6, 2023. The voting power of Maiden Reinsurance Ltd., a wholly owned subsidiary of the Company, with respect to its investment in Maiden Holdings Common Shares, will be capped at 9.5% pursuant to the bye-laws of the Company. 2. Based on Amendment No. 7 to Schedule 13G filed with the SEC on March 8, 2023. Talkot Capital, LLC, as investment adviser, filed on behalf of three other Reporting Persons Talkot Fund, L.P., Talkot Capital, LLC 401(k) PSP, Thomas B. Akin, James A. Akin Trust, Karen Hochster Akin, Blair Spencer Akin and Akin Family Foundation. 3. Based on Amendment No. 3 to Schedule 13G filed with the SEC on February 1, 2023. Phillips Ray Capital Management jointly filed with two other Reporting Persons Brian Michael Phillips and Paul Richard Ray III. 3

SECURITY OWNERSHIP OF MANAGEMENT

SECURITY OWNERSHIP OF MANAGEMENT Set forth below is information concerning the beneficial ownership of our Common Shares by each director, by our executive officers named in the Summary Compensation Table below and by all our directors and executive officers as a group as of March 15, 2024. For purposes of the table below, the amounts and percentage of shares beneficially owned are reported on the basis of regulations of the SEC governing the determination of beneficial ownership of securities. Under the rules of the SEC, a person is deemed to be a "beneficial owner" of a security if that person has shares with "voting power," which includes the power to vote or to direct the voting of such security, or "investment power," which includes the power to dispose of or to direct the disposition of such security. Also, options which are currently exercisable or exercisable within 60 days of March 15, 2024 are considered outstanding and beneficially owned by the person holding the options for the purposes of computing beneficial ownership of that person, but are not treated as outstanding for the purpose of computing the percentage ownership of any other person. Name of Beneficial Owner** Amount Nature of Beneficial Ownership Percent of Class (1) Barry D. Zyskind 6,374,292 (2) 4.4% Holly L. Blanchard 131,132 (3) * Patrick J. Haveron 3,047,059 (4) 2.1 William T. Jarman 268,244 (5) * Simcha G. Lyons 241,387 (6) * Lawrence F. Metz 2,201,523 (7) 1.5 Raymond M. Neff 662,072 (8) * Yehuda L. Neuberger — (9) * Steven H. Nigro 262,807 (10) * Keith A. Thomas 105,701 (11) * All executive officers and directors as a group (10 persons) 13,294,217 9.3% * Less than one percent. ** The address of each beneficial owner listed in the table is co Maiden Holdings, Ltd., Ideation House, 1st Floor, 94 Pitts Bay Road, Pembroke HM 08, Bermuda. (1) Based on 143,351,043 Common Shares outstanding at March 15, 2024 and shares owned by the beneficial owner includes shares that th

View Full Filing

View this DEF 14A filing on SEC EDGAR