Business Context and Reporting Period
This Form 8-K filing by Greenlight Capital Re, Ltd. (GLRE) reports a corporate governance event dated June 30, 2021. The company is incorporated in the Cayman Islands and its Class A Ordinary Shares trade on the Nasdaq Global Select Market.
Financial Metrics
This filing is a Current Report regarding a material definitive agreement and does not contain financial statements. Consequently, there are no reported values for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
The primary material change reported is the execution of Amendment No. 2 to the Shareholders' Agreement between the Registrant and David Einhorn (Chairman of the Board and president of affiliate Greenlight Capital, Inc.).
- Expiration Extension: The termination date of the Shareholders' Agreement has been extended from its previous date to June 30, 2024.
- Future Extension Rights: The agreement allows for further extensions within one year prior to the Termination Date, with each extension period not exceeding ten years.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook. No specific risks or contingencies are detailed beyond the standard reference to the full text of the attached amendment.
Key Facts for Investor Verification
- Verify the full terms of Amendment No. 2 attached as Exhibit 10.1 to understand any conditions or covenants not summarized in the 8-K.
- Confirm the impact of the extended Shareholders' Agreement on the company's governance structure and potential future control dynamics.
- Note that this filing provides no update on the company's financial performance; refer to the most recent 10-K or 10-Q for financial data.