---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-159044"
form_type: "8-K"
ticker: "MBI"
cik: "0000814585"
company_name: "MBIA INC"
filed_at: "2023-06-01T23:59:59+00:00"
generated_at: "2026-06-14T10:01:26.346027+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-159044
- form_type: 8-K
- ticker: MBI
- cik: 0000814585
- company_name: MBIA INC
- filed_at: 2023-06-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/814585/000119312523159044/0001193125-23-159044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814585/000119312523159044/d513159d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-159044
- JSON: https://secwatch.observer/filing/0001193125-23-159044.json
- Plain text: https://secwatch.observer/filing/0001193125-23-159044.txt

## Key facts
- Executive change
  Jonathan C. Harris departed as General Counsel and Secretary at MBIA INC.
  - Action: stepped down
  - Role: General Counsel and Secretary
  source text: pursuant to which Mr. Harris will step down from his positions as General Counsel and Secretary of the Company effective August 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814585/000119312523159044/0001193125-23-159044-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.