secwatch.observer — SEC 8-K summary
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Issuer:     MBIA INC (MBI)
CIK:        0000814585
Form:       8-K
Filed at:   2023-06-01T23:59:59+00:00
Accession:  0001193125-23-159044
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814585/000119312523159044/0001193125-23-159044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814585/000119312523159044/d513159d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-159044

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