Shareholders approve 10x increase in authorized shares to 500M; new CEO/CFO employment agreements adopted

OXBRIDGE RE HOLDINGS Ltd

Authorized shares increased from 50M to 500M (450M new shares) via amendment to Memorandum and Articles, effective immediately.
2025 Omnibus Incentive Plan approved, reserving 1,569,514 shares plus annual evergreen increases (lesser of 5% of outstanding or board-determined).
CEO Jay Madhu's new agreement: $390k base salary from 2026, annual 40k restricted shares, M&A bonus of 630 bps, term through 2028.
CFO Wrendon Timothy's new agreement: $245k base salary from 2026, annual 25k restricted shares, M&A bonus of 270 bps, term through 2028.
Anti-takeover RSU agreements for Madhu and Timothy trigger fully vested RSUs upon change of control or revenue milestones through Dec 2026.

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