Kestrel Group amends exec chairman and CEO employment agreements; compensation unchanged

Kestrel Group Ltd

Amended agreements for Terry Ledbetter (Exec Chairman) and Luke Ledbetter (CEO), effective Aug 8, 2025.
Base salary unchanged: Terry $650K, Luke $950K; bonus opportunities remain 150% and 100% of base, respectively.
Initial term ends May 1, 2028, with automatic five-year renewals unless 90-day non-renewal notice given.
Severance: without cause/good reason – base salary for remainder of term; non-renewal – three months base salary.
Non-compete and non-solicit covenants with one- to two-year post-termination restrictions.

item 5.02item 9.01

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