{"schema_version":"secwatch.filing_event.v1","accession":"0000874501-23-000142","form_type":"8-K","ticker":"OSG","cik":"0000874501","company_name":"OCTAVE SPECIALTY GROUP INC","filed_at":"2023-10-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.208165+00:00","generated_at":"2026-06-10T03:43:35.295553+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Ambac enters employment agreement with EVP & Chief Strategy Officer R. Sharon Smith","bullets":["Base salary set at no less than $500,000/year, with target annual bonus of at least 70% of base salary.","Target long-term incentive award of at least 125% of base salary; equity awards comparable to other senior executives.","Severance: 1.5x (base + target bonus) plus pro-rated bonus on termination without cause or for good reason; 2x in change in control.","Agreement has 1-year initial term with automatic 1-year renewals; 90-day non-renewal notice required.","Ambac Assurance Corporation guarantees all monetary obligations under the agreement while AFG holds >50% voting stock."],"urls":{"canonical":"https://secwatch.observer/filing/0000874501-23-000142","json":"https://secwatch.observer/filing/0000874501-23-000142.json","markdown":"https://secwatch.observer/filing/0000874501-23-000142.md","text":"https://secwatch.observer/filing/0000874501-23-000142.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/874501/000087450123000142/0000874501-23-000142-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/874501/000087450123000142/ambc-20231005.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T03:43:35.295553+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}