SEC Filing Summary: Assured Guaranty Ltd. (8-K)
Business Context and Reporting Period
This Form 8-K was filed by Assured Guaranty Ltd., a Bermuda-incorporated entity, on April 12, 2007. The report addresses "Other Events" under Item 8.01, specifically disclosing additional director compensation not previously detailed in the March 26, 2007 proxy statement.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial figure disclosed is a specific director fee payment.
Material Changes
There are no material changes to the company's financial position or operations reported in this filing. The disclosure serves to supplement prior information regarding director compensation.
Management Commentary and Risks
Management disclosed that Mr. Monro-Davies received £35,000 (approximately $63,515) in 2006 for serving as an independent director of Assured Guaranty (UK) Ltd., a subsidiary of the registrant. This amount is in addition to the fees for serving as a director of the parent company disclosed in the March 2007 proxy statement. No other risks, contingencies, or unusual items are mentioned.
Investor Verification Checklist
- Verify the total aggregate compensation for Mr. Monro-Davies by combining the fees disclosed in the March 26, 2007 proxy statement with the £35,000 disclosed in this filing.
- Confirm the exchange rate used to convert £35,000 to approximately $63,515 to ensure accuracy of the USD equivalent.
- Review the March 26, 2007 proxy statement to understand the baseline director fees for the parent company.