MBIA General Counsel Jonathan C. Harris to step down Aug 31, 2023; severance disclosed

MBIA INC

Jonathan C. Harris to resign as General Counsel and Secretary effective August 31, 2023; will provide transition services.
Severance includes $525,000 lump sum payment, $253,333 pro-rata bonus, $350,000 LTI cash in lieu, and $62,093 pension contribution.
404,007 time-based restricted shares; 51,114 earned performance shares vest; 86,691 performance shares remain outstanding.
Separation agreement includes confidentiality and non-disparagement covenants.

item 5.02 item 9.01

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Departed

Jonathan C. Harris

General Counsel and Secretary

MBI · MBIA INC

Effective: 2023-08-31
Filed: June 1, 2023, 7:59 PM ET

pursuant to which Mr. Harris will step down from his positions as General Counsel and Secretary of the Company effective August 31, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jonathan C. Harris departed as General Counsel and Secretary at MBIA INC.

Action: stepped down
Role: General Counsel and Secretary

Exact text from the filing

pursuant to which Mr. Harris will step down from his positions as General Counsel and Secretary of the Company effective August 31, 2023.

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MBIA INC filing history →

Source: SEC EDGAR

accession 0001193125-23-159044

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