0001104659-12-036015.txt : 20120510 0001104659-12-036015.hdr.sgml : 20120510 20120510172550 ACCESSION NUMBER: 0001104659-12-036015 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120509 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Submission of Matters to a Vote of Security Holders FILED AS OF DATE: 20120510 DATE AS OF CHANGE: 20120510 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ASSURED GUARANTY LTD CENTRAL INDEX KEY: 0001273813 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] IRS NUMBER: 000000000 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32141 FILM NUMBER: 12831452 BUSINESS ADDRESS: STREET 1: 30 WOOD BOURNE AVE CITY: HAMILTON BERMUDA STATE: D0 ZIP: 0000 BUSINESS PHONE: 441-279-5700 MAIL ADDRESS: STREET 1: 30 WOOD BOURNE AVE CITY: HAMILTON BERMUDA STATE: D0 ZIP: 0000 FORMER COMPANY: FORMER CONFORMED NAME: AGR LTD DATE OF NAME CHANGE: 20040122 FORMER COMPANY: FORMER CONFORMED NAME: AGC HOLDINGS LTD DATE OF NAME CHANGE: 20031218 8-K 1 a12-7408_78k.htm 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

Current Report

Pursuant to Section 13 or 15 (d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported) — May 9, 2012

 

 

ASSURED GUARANTY LTD.

(Exact name of registrant as specified in its charter)

 

 

Bermuda

 

001-32141

 

98-0429991

(State or other jurisdiction of

incorporation or organization)

 

(Commission File Number)

 

(I.R.S. Employer Identification No.)

 

 

Assured Guaranty Ltd.

30 Woodbourne Avenue

Hamilton HM 08

Bermuda

(Address of principal executive offices)

 

Registrant’s telephone number, including area code: (441) 279-5700

 

Not applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


 

Item 5.02          Departure of Directors or Certain Officers

 

In connection with his appointment as Chief Executive Officer of Freddie Mac (formerly Federal Home Loan Mortgage Corporation), Donald H. Layton has resigned from the Board of Directors of Assured Guaranty Ltd. (AGL), effective May 10, 2012.

 

Item 5.07          Submission of Matters to a Vote of Security Holders

 

AGL convened its annual general meeting of shareholders on May 9, 2012 pursuant to notice duly given.  The matters voted upon at the meeting and the results of such voting are set forth below:

 

1.          Election of eight directors

 

01         Election of Francisco L. Borges:

 

For

 

Withheld

 

Broker Non-Votes

 

 

 

 

 

 

 

146,173,265

 

14,522,117

 

9,251,332

 

 

02         Election of Stephen A. Cozen:

 

For

 

Withheld

 

Broker Non-Votes

 

 

 

 

 

 

 

157,824,808

 

2,870,574

 

9,251,332

 

 

03         Election of Patrick W. Kenny:

 

For

 

Withheld

 

Broker Non-Votes

 

 

 

 

 

 

 

151,158,806

 

9,536,576

 

9,251,332

 

 

 

04         Election of Donald H. Layton:

 

For

 

Withheld

 

Broker Non-Votes

 

 

 

 

 

 

 

147,551,216

 

13,144,166

 

9,251,332

 

 

05         Election of Robin Monro-Davies

 

For

 

Withheld

 

Broker Non-Votes

 

 

 

 

 

 

 

152,188,129

 

8,507,253

 

9,251,332

 

 

06         Election of Michael T. O’Kane

 

For

 

Withheld

 

Broker Non-Votes

 

 

 

 

 

 

 

151,159,593

 

9,535,789

 

9,251,332

 

 

2


 

07         Election of Wilbur L. Ross, Jr.:

 

For

 

Withheld

 

Broker Non-Votes

 

 

 

 

 

 

 

125,361,659

 

35,333,723

 

9,251,332

 

 

08         Election of Walter A. Scott:

 

For

 

Withheld

 

Broker Non-Votes

 

 

 

 

 

 

 

158,667,668

 

2,027,714

 

9,251,332

 

 

2.          Advisory Vote on Executive Compensation

 

For

 

Against

 

Abstain

 

Broker Non-Votes

 

 

 

 

 

 

 

 

 

132,877,804

 

26,655,319

 

1,162,259

 

9,251,332

 

 

3.          Ratification of PricewaterhouseCoopers LLP as the Company’s Independent Auditors for year ending December 31, 2012

 

For

 

Against

 

Abstain

 

 

 

 

 

 

 

167,676,433

 

1,707,783

 

562,498

 

 

4.          Subsidiary Proposals

 

4.1        Authorizing the Company to vote for directors of its subsidiary, Assured Guaranty Re Ltd. (“AG Re”):

 

01         Election of Howard W. Albert:

 

For

 

Withheld

 

Broker Non-Votes

 

 

 

 

 

 

 

160,097,278

 

598,104

 

9,251,332

 

 

02         Election of Robert A. Bailenson:

 

For

 

Withheld

 

Broker Non-Votes

 

 

 

 

 

 

 

160,124,165

 

571,217

 

9,251,332

 

 

03         Election of Russell B. Brewer II:

 

For

 

Withheld

 

Broker Non-Votes

 

 

 

 

 

 

 

160,123,730

 

571,652

 

9,251,332

 

 

3


 

04         Election of Gary Burnet:

 

For

 

Withheld

 

Broker Non-Votes

 

 

 

 

 

 

 

160,126,212

 

569,170

 

9,251,332

 

 

05         Election of Dominic J. Frederico:

 

For

 

Withheld

 

Broker Non-Votes

 

 

 

 

 

 

 

160,126,451

 

568,931

 

9,251,332

 

 

06         Election of James M. Michener:

 

For

 

Withheld

 

Broker Non-Votes

 

 

 

 

 

 

 

159,042,623

 

1,652,759

 

9,251,332

 

 

07         Election of Robert B. Mills:

 

For

 

Withheld

 

Broker Non-Votes

 

 

 

 

 

 

 

160,119,790

 

575,592

 

9,251,332

 

 

08         Election of Kevin Pearson:

 

For

 

Withheld

 

Broker Non-Votes

 

 

 

 

 

 

 

160,125,111

 

570,271

 

9,251,332

 

 

4.2        Authorizing the Company to vote for the appointment of PricewaterhouseCoopers LLP as AG Re’s independent auditors for the year ending December 31, 2012:

 

For

 

Against

 

Abstain

 

 

 

 

 

 

 

167,581,073

 

1,737,723

 

627,919

 

 

4


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

ASSURED GUARANTY LTD.

 

 

 

 

 

By:

/s/ James M. Michener

 

 

Name:

James M. Michener

 

 

Title:

General Counsel

 

 

DATE: May 10, 2012

 

 

5