MBIA CFO Anthony McKiernan to step down April 30; Joseph Schachinger named successor

MBIA INC

CFO Anthony McKiernan will resign effective April 30, 2024 under a Separation Agreement.
Joseph Schachinger, current Controller since 2017, will replace McKiernan as CFO on April 30, 2024.
McKiernan receives $750,000 severance, $750,000 in lieu of 2023 LTI, and pro-rata 2024 bonus of $200,000.
571,533 time-based restricted stock shares and 77,488 earned performance shares fully vest; 68,058 unearned shares remain outstanding.
McKiernan also gets $104,467 pension contribution payment (payable after March 1, 2025) and up to 9 months COBRA coverage.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Joseph Schachinger

Chief Financial Officer

MBI · MBIA INC

Effective: 2024-04-30
Filed: March 7, 2024, 6:59 PM ET

Mr. Joseph Schachinger, currently the Company’s Controller, will replace Mr. McKiernan as Chief Financial Officer effective April 30, 2024.

Departed

Anthony McKiernan

Chief Financial Officer

MBI · MBIA INC

Effective: 2024-04-30
Successor: Joseph Schachinger
Filed: March 7, 2024, 6:59 PM ET

Under the Separation Agreement, effective April 30, 2024 Mr. McKiernan will step down from his position as Chief Financial Officer and will resign from all of his other positions with the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Joseph Schachinger was appointed as Chief Financial Officer at MBIA INC.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Mr. Joseph Schachinger, currently the Company’s Controller, will replace Mr. McKiernan as Chief Financial Officer effective April 30, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Anthony McKiernan departed as Chief Financial Officer at MBIA INC.

Action: stepped down
Role: Chief Financial Officer

Exact text from the filing

Under the Separation Agreement, effective April 30, 2024 Mr. McKiernan will step down from his position as Chief Financial Officer and will resign from all of his other positions with the Company.

View on SEC.gov

MBIA INC filing history →

Source: SEC EDGAR

accession 0001193125-24-062166

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.