---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-062166"
form_type: "8-K"
ticker: "MBI"
cik: "0000814585"
company_name: "MBIA INC"
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T02:10:06.406122+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-062166
- form_type: 8-K
- ticker: MBI
- cik: 0000814585
- company_name: MBIA INC
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/814585/000119312524062166/0001193125-24-062166-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814585/000119312524062166/d809086d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-062166
- JSON: https://secwatch.observer/filing/0001193125-24-062166.json
- Plain text: https://secwatch.observer/filing/0001193125-24-062166.txt

## Key facts
- Executive change
  Joseph Schachinger was appointed as Chief Financial Officer at MBIA INC.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: Mr. Joseph Schachinger, currently the Company’s Controller, will replace Mr. McKiernan as Chief Financial Officer effective April 30, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814585/000119312524062166/0001193125-24-062166-index.htm
- Executive change
  Anthony McKiernan departed as Chief Financial Officer at MBIA INC.
  - Action: stepped down
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814585/000119312524062166/0001193125-24-062166-index.htm

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