Oxbridge Re appoints new independent director, adopts director comp, amends CEO/CFO contracts

OXBRIDGE RE HOLDINGS Ltd

Director Raymond Cabillot resigned Jan 9, 2023; no disagreement with company.
Arun Gowda appointed independent director effective Jan 9, 2023; subject to CIMA approval for OxRe board.
New non-employee director compensation: $15k annual cash retainer + $25k annual equity award.
CEO Jay Madhu amended employment: $300k base salary, 40,000 restricted shares annually, 7% M&A bonus, term to Dec 2025.
CFO Wrendon Timothy amended employment: $195k base, 25,000 restricted shares annually, 3% M&A bonus, same term.

item 5.02 item 3.02 item 9.01

Executive movements

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

Departed

Raymond Cabillot

independent director

OXBR · OXBRIDGE RE HOLDINGS Ltd

Effective: 2023-01-09
Filed: January 13, 2023, 6:59 PM ET

accepted the resignation of Mr. Raymond Cabillot as an independent director of the Company, effective immediately.

Appointed

Arun Gowda

independent director

OXBR · OXBRIDGE RE HOLDINGS Ltd

Effective: 2023-01-09
Filed: January 13, 2023, 6:59 PM ET

appointed Mr. Arun Gowda to serve as an independent director on the Board of the Company, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Raymond Cabillot resigned as independent director at OXBRIDGE RE HOLDINGS Ltd.

Action: resigned
Role: independent director

Exact text from the filing

accepted the resignation of Mr. Raymond Cabillot as an independent director of the Company, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Arun Gowda was appointed as independent director at OXBRIDGE RE HOLDINGS Ltd.

Action: appointed
Role: independent director

Exact text from the filing

appointed Mr. Arun Gowda to serve as an independent director on the Board of the Company, effective immediately.

View on SEC.gov

OXBRIDGE RE HOLDINGS Ltd filing history →

Source: SEC EDGAR

accession 0001493152-23-001467

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