secwatch.observer — SEC 8-K summary
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Issuer:     OCTAVE SPECIALTY GROUP INC (OSG)
CIK:        0000874501
Form:       8-K
Filed at:   2023-01-27T23:59:59+00:00
Accession:  0000874501-23-000018
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.03, 9.01, 2.1
LLM model:  deepseek-v4-flash:cloud@v2

Ambac amends bylaws to adopt majority voting for director elections and update universal proxy card rules
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- Majority voting standard for uncontested director elections; plurality retained for contested elections.
- Directors who fail to receive majority of votes must submit resignation within 10 business days; Board decides within 90 days.
- Nominating stockholders must comply with universal proxy card rules and solicit proxies representing at least 67% of voting power.
- Bylaw updates also reflect recent Delaware DGCL changes removing requirement to provide stockholder list at meetings.
- Amendments effective January 26, 2023; full text filed as Exhibit 2.1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874501/000087450123000018/0000874501-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874501/000087450123000018/ambc-20230126.htm
  HTML page:      https://secwatch.observer/filing/0000874501-23-000018

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