Ambac Financial Group Files 8-K on Security Holder Votes

TL;DR

Ambac Financial Group filed an 8-K on Oct 16, 2024, regarding shareholder votes.

AI Summary

On October 16, 2024, Ambac Financial Group, Inc. filed a Form 8-K to report on the submission of matters to a vote of its security holders. The filing details the company's corporate actions and governance procedures.

Why It Matters

This filing provides transparency into corporate governance and shareholder decision-making processes at Ambac Financial Group.

Risk Assessment

Risk Level: low — The filing is a routine corporate disclosure and does not indicate any immediate financial distress or significant operational changes.

Key Numbers

• 1-10777 — Commission file number (Ambac's SEC filing identifier)
• 13-3621676 — I.R.S. employer identification no. (Ambac's tax identification number)

Key Players & Entities

• Ambac Financial Group, Inc. (company) — Registrant
• October 16, 2024 (date) — Date of Report
• Delaware (location) — State of incorporation
• One World Trade Center (location) — Address of principal executive offices

FAQ

Key Financial Figures

• $0.01 — ich registered Common stock, par value $0.01 per share AMBC New York Stock Exchange
• $2.50 — nding shares of common stock, par value $2.50 per share, of Ambac Assurance Corporati

Filing Documents

• ambc-20241016.htm (8-K) — 49KB
• 0000874501-24-000238.txt ( ) — 197KB
• ambc-20241016.xsd (EX-101.SCH) — 2KB
• ambc-20241016_def.xml (EX-101.DEF) — 14KB
• ambc-20241016_lab.xml (EX-101.LAB) — 25KB
• ambc-20241016_pre.xml (EX-101.PRE) — 15KB
• ambc-20241016_htm.xml (XML) — 3KB

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders A Special Meeting of Stockholders (the " Special Meeting ") of Ambac Financial Group, Inc. (the " Company ") was held on October 16, 2024 via live webcast. As of the record date, September 3, 2024, 47,440,995 shares of voting common stock were outstanding and eligible to vote at the Special Meeting, and 38,019,302 shares, or approximately 80%`, were present or represented by proxy at the Special Meeting. Set forth below is a brief description of each matter voted upon at the Special Meeting and the results of voting on each such matter. The proposals are described in more detail in the Company's definitive proxy statement filed with the Securities and Exchange Commission on September 6, 2024 (the " Proxy Statement "). 1. The Company's stockholders voted to approve the stock purchase agreement, dated June 4, 2024, by and between the Company and American Acorn Corporation (" Buyer "), a Delaware corporation owned by funds managed by Oaktree Capital Management, L.P., providing for the sale by the Company to Buyer of all of the issued and outstanding shares of common stock, par value $2.50 per share, of Ambac Assurance Corporation, a Wisconsin stock insurance company and wholly-owned subsidiary of the Company (the " Sale ," and such proposal, the " Sale Proposal "), as such Sale could be considered to constitute the sale of substantially all of the Company's property and assets within the meaning of Section 271 of the General Corporation Law of the State of Delaware. Number of Votes For Number of Votes Against Number of Votes Abstained Broker Non-Votes 36,055,056 1,924,034 40,212 — 2. The Company's stockholders approved, on an advisory (non-binding) basis, the compensation that may under certain circumstances, be paid or provided by the Company to its named executive officers in connection with the Sale. Number of Votes For Number of Votes Against Number of Votes Abstained Broker Non-Vo

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. Ambac Financial Group, Inc. (Registrant) Dated: October 16, 2024 By: /s/ William J. White William J. White First Vice President, Secretary and Assistant General Counsel 2

View Full Filing

View this 8-K filing on SEC EDGAR