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MBI MBIA

Filed: 7 May 21, 4:39pm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 7, 2021 (May 5, 2021)

 

 

MBIA INC.

(Exact name of registrant as specified in its charter)

 

 

 

Connecticut 001-9583 06-1185706

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

1 Manhattanville Road, Suite 301,

Purchase, New York

 10577
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: 914-273-4545

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

 

Title of Each Class

 

Trading

Symbol

 

Name of Each Exchange

on Which Registered

Common Stock, par value $1 per share MBI New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 


Item 5.07

SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

The Annual Meeting of Shareholders of the Company was held on May 5, 2021 (the “Annual Meeting”). The matters that were voted upon at the Annual Meeting, the number of votes cast for or against each matter (and percent of shares voted), and the number of abstentions and broker non-votes as to each such matter, where applicable, are set forth below.

Proposal 1: Election of Directors. The shareholders elected the Company’s nominees to the Board of Directors. The voting results were as follows:

 

Nominees  

For

(% of shares voted)

  Against
(% of shares voted)
  Abstained   Broker
Non-Votes
 

Diane L. Dewbrey

   35,989,822    (97.81%)   807,176    (2.19%)   17,139    9,130,810 

William C. Fallon

   36,510,197    (99.21%)   290,911    (0.79%)   13,029    9,130,810 

Steven J. Gilbert

   34,893,859    (94.83%)   1,903,226    (5.17%)   17,052    9,130,810 

Charles R. Rinehart

   35,764,283    (97.19%)   1,032,434    (2.81%)   17,420    9,130,810 

Theodore Shasta

   35,776,312    (97.23%)   1,020,767    (2.77%)   17,058    9,130,810 

Richard C. Vaughan

   35,776,326    (97.23%)   1,020,759    (2.77%)   17,052    9,130,810 

Proposal 2: Approval of Compensation Paid to Named Executive Officers. The shareholders voted to approve the compensation of the Company’s named executive officers listed in the proxy statement for the Annual Meeting. The shareholder vote is advisory and non-binding. The voting results were as follows:

 

For (% of shares voted) Against (% of shares voted) Abstained 

Broker Non-Votes

35,343,376

 

(97.44%)

 930,408 (2.56%) 540,353 9,130,810

Proposal 3: Ratification of Appointment of Independent Registered Public Accounting Firm. The shareholders ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for 2021. The voting results were as follows:

 

For (% of shares voted)

 Against (% of shares voted) Abstained Broker Non-Votes

45,702,455

 (99.51%) 224,427 (0.49%) 18,065 0


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/ Jonathan C. Harris

 Jonathan C. Harris
 General Counsel

Date: May 7, 2021