Business Context and Reporting Period
Company: GREENLIGHT CAPITAL RE, LTD.
Filing Type: Form 8-K (Current Report)
Date of Report: June 29, 2018
Event: Entry into a Material Definitive Agreement (Amendment No. 1 to Shareholders' Agreement).
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The report focuses exclusively on a corporate governance agreement.
Material Changes
The primary material change is the extension of the Shareholders' Agreement originally dated August 11, 2004. The agreement is between the Registrant and David Einhorn (Chairman of the Board and President of Greenlight Capital, Inc.) and DME Advisors, LP (affiliates of the Registrant).
- Previous Expiration: Not specified in this text (original agreement dated 2004).
- New Termination Date: June 30, 2021.
- Extension Terms: Within one year prior to the termination date, the agreement may be extended for additional periods, each not to exceed ten years.
Guidance, Outlook, and Risks
The filing contains no management commentary regarding financial guidance, future outlook, specific risks, contingencies, or unusual items. The document serves solely to disclose the amendment to the Shareholders' Agreement.
Investor Verification Checklist
- Verify the full text of Exhibit 10.1 (Amendment No. 1 to Shareholders Agreement) for specific terms not summarized in the 8-K.
- Confirm the relationship and voting rights of David Einhorn and DME Advisors, LP under the amended agreement.
- Review the original 2004 Shareholders' Agreement to understand the baseline terms being extended.