secwatch.observer — SEC 8-K summary
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Issuer:     OXBRIDGE RE HOLDINGS Ltd (OXBR)
CIK:        0001584831
Form:       8-K
Filed at:   2023-01-13T23:59:59+00:00
Accession:  0001493152-23-001467
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1584831/000149315223001467/0001493152-23-001467-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1584831/000149315223001467/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-001467

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