AMBAC Financial Group Files Proxy Materials

TL;DR

AMBC proxy filing is in, no fee. Standard stuff.

AI Summary

AMBAC Financial Group, Inc. filed a Definitive Additional Materials proxy statement on September 26, 2024. This filing is related to the company's proxy materials and does not involve a fee. The company is incorporated in Delaware and its fiscal year ends on December 31.

Why It Matters

This filing indicates ongoing corporate governance activities and shareholder communication for AMBAC Financial Group, Inc.

Risk Assessment

Risk Level: low — This is a routine proxy filing and does not appear to contain significant new financial information or strategic changes.

Key Players & Entities

• AMBAC FINANCIAL GROUP INC (company) — Registrant
• 0000874501-24-000218.txt (document) — Filing identifier
• 20240926 (date) — Filing date

FAQ

Filing Documents

• a05-014x22024ambcproxysupp.htm (DEFA14A) — 32KB
• image_0a.jpg (GRAPHIC) — 38KB
• imagea.jpg (GRAPHIC) — 20KB
• 0000874501-24-000218.txt ( ) — 114KB

From the Filing

Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. ____) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement x Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 AMBAC FINANCIAL GROUP, INC. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) PAYMENT OF FILING FEE (CHECK THE APPROPRIATE BOX) x No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which the transaction applies (2) Aggregate number of securities to which the transaction applies (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined) (4) Proposed maximum aggregate value of transaction (5) Total fee paid Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount previously paid (2) Form, Schedule or Registration Statement No. (3) Filing Party (4) Date Filed Explanatory Note On September 26, 2024, Ambac Financial Group, Inc. issued the attached letter to stockholders as additional soliciting material. IMPORTANT SPECIAL MEETING OF STOCKHOLDERS PLEASE VOTE YOUR SHARES TODAY September 26, 2024 Dear Stockholder The special meeting of stockholders of Ambac Financial Group, Inc. (" Ambac ") to be held virtually on October 16, 2024, is rapidly approaching. Your voting participation is very important for the special meeting. Please vote your proxy today. Internet and telephone voting are available by following the instructions on the proxy card or voting form sent to you. After careful consideration, the Ambac Board of Directors unanimously recommends that you vote "FOR" each of the Sale Proposal, the Compensation Proposal, and the Adjournment Proposal. The approval of the Sale Proposal requires the affirmative vote of the holders of a majority of the outstanding shares of Ambac common stock entitled to vote thereon (the " Required Stockholder Approva l"). The closing of the Sale is conditioned upon Ambac obtaining the Required Stockholder Approval at the special meeting. Accordingly, every vote - no matter how large or small - is important. Please vote your shares today. Please take advantage of Internet or telephone voting as the most prompt means to record your vote quickly and avoid further solicitation costs. See easy voting instructions repeated below. If you have questions or need assistance voting your shares, please contact D.F. King Co., Inc., which is assisting us, toll free at (800) 848-3416 or via email at AMBCdfking.com. On behalf of the Ambac Board of Directors, thank you for your cooperation and continued support. Sincerely, Claude LeBlanc President and Chief Executive Officer YOUR VOTE IS IMPORTANT THREE EASY WAYS TO VOTE 1. Vote by Internet . Please access the website listed on the proxy card or voting form sent to you. Have voting card in hand. Follow the instructions provided to vote via the Internet. 2. Vote by Telephone . Please call the toll-free number listed on the proxy card or voting form sent to you. Have voting card in hand. Follow the instructions provided to vote via telephone. 3. Vote by Mail . Please mark, sign and date the proxy card or voting form sent to you and return it promptly in the postage-paid envelope provided. Where to Find Additional Information This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. This communication may be deemed to be solicitation material in respect of the proposed sale of AAC by Ambac to American Acorn Corporation, a Delaware corporation owned by funds managed by Oaktree Capital Management, L.P (the "proposed transaction"). In connection with the proposed transaction, Ambac filed a definitive proxy statement with the SEC on September 6, 2024. The definitive proxy statement and a form of proxy has been mailed to the stockholders of Ambac. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING THE DEFINITIVE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors

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View this DEFA14A filing on SEC EDGAR