Business Context and Reporting Period
This Form 8-K filing by Maiden Holdings, Ltd. reports on a Special Meeting of Preference Shareholders held on December 15, 2020. The company is incorporated in Bermuda and lists common shares on the NASDAQ Capital Market and multiple series of preference shares on the New York Stock Exchange.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance matters regarding shareholder voting.
Material Changes
The primary material event reported is the election of two directors to the Board of Directors by holders of Preference Shares. The directors elected will serve until the earlier of the 2021 Annual General Meeting, the payment of dividends for four consecutive periods, or the full redemption of the Preference Shares.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It strictly details the results of the shareholder vote.
Key Facts for Investors
- Event Date: December 15, 2020.
- Vote Outcome: Two directors were elected to the Board:
- Paul S. Giordano: 10,945,064 votes For; 364,615 votes Withheld.
- Claude LeBlanc: 10,946,994 votes For; 362,685 votes Withheld.
- Term Limit: Directors serve until the 2021 AGM, four consecutive dividend payments, or full redemption of Preference Shares.
- Broker Non-Votes: There were zero broker non-votes recorded for either candidate.