UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
(d) Election of Director.
On October 27, 2021, the Board of Directors of MBIA Inc. (“MBIA”) elected Janice Innis-Thompsonas a member of MBIA’s Board of Directors. In connection with Ms. Innis-Thompson’s election, the Board of Directors increased its size from six to seven directors.
Effective October 27 2021, the Board of Directors of MBIA Inc. appointed Ms. Innis-Thompson to serve on the Audit, Finance and Risk and Compensation and Governance Committees of the Board.
MBIA’s Board of Directors has determined that Ms. Innis-Thompson is an Independent Director under the independence standards set forth in the New York Stock Exchange Corporate Governance Listing Standards and in the MBIA Inc. Board Corporate Governance Practices.
Ms. Innis-Thompson will participate in the compensation and benefit program for independent directors as described under the heading “Independent Directors’ compensation” in MBIA’s Proxy Statement for its Annual Meeting of Shareholders held on May 5, 2021 (filed with the Securities and Exchange Commission on March 23, 2021).
Item 7.01. Regulation FD Disclosure.
A copy of MBIA’s press release dated October 28, 2021 regarding the election of Ms. Innis-Thompson as a director is furnished as part of this Current Report as Exhibit 99.1.
The information in the press release is being furnished, not filed, pursuant to Item 7.01 of Form 8-K. Accordingly, the information in Exhibit 99.1 will not be incorporated by reference into any registration statement filed by MBIA under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated by reference.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits.
| 99.1 | Press Release issued by MBIA Inc. dated October 28, 2021. | |
| 104 | Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document | |
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 hereunto duly authorized.
| MBIA INC. | ||
| By: | /s/ Jonathan C. Harris | |
| Jonathan C. Harris | ||
| General Counsel | ||
Date: October 28, 2021