secwatch.observer — SEC 8-K summary
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Issuer:     OXBRIDGE RE HOLDINGS Ltd (OXBR)
CIK:        0001584831
Form:       8-K
Filed at:   2025-09-04T23:59:59+00:00
Accession:  0001641172-25-026604
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 5.07, 5.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1584831/000164117225026604/0001641172-25-026604-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1584831/000164117225026604/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-026604

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