---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-043138"
form_type: "8-K"
ticker: "OSG"
cik: "0000874501"
company_name: "OCTAVE SPECIALTY GROUP INC"
filed_at: "2025-09-29T23:59:59+00:00"
generated_at: "2026-05-17T05:31:03.895995+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Ambac Financial Group enters new employment agreements with CEO, CFO, and COO including special cash and equity awards

## Summary
- CEO Claude LeBlanc receives $900,000 base salary, $2.1M RSU, and performance stock options for 500,000 shares with price hurdles from $18 to $30.
- CFO David Trick receives $600,000 base salary, $600,000 RSU, and performance stock options for 350,375 shares with same price hurdles.
- COO R. Sharon Smith receives $500,000 base salary, $500,000 RSU, and performance stock options for 284,125 shares with same price hurdles.
- Agreements include one-year renewable terms, severance multiples up to 2.5x salary plus bonus, and 12-month non-compete clauses.
- Special cash awards of $900k, $600k, and $500k subject to forfeiture if terminated for cause within 12 months.

## SEC filing metadata
- accession: 0001628280-25-043138
- form_type: 8-K
- ticker: OSG
- cik: 0000874501
- company_name: OCTAVE SPECIALTY GROUP INC
- filed_at: 2025-09-29T23:59:59+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/874501/000162828025043138/0001628280-25-043138-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/874501/000162828025043138/ambc-20250929.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-043138
- JSON: https://secwatch.observer/filing/0001628280-25-043138.json
- Plain text: https://secwatch.observer/filing/0001628280-25-043138.txt

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