Business Context and Reporting Period
Company: GREENLIGHT CAPITAL RE, LTD.
Filing Type: Form 8-K (Current Report)
Date of Report: May 30, 2024
Reporting Period: Event date of May 30, 2024
This filing reports the entry into a material definitive agreement regarding the company's Shareholders' Agreement.
Key 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 a corporate governance agreement and does not contain financial performance data.
Material Changes
Agreement Amendment: On May 30, 2024, the company entered into Amendment No. 3 to its Shareholders' Agreement with David Einhorn (Chairman of the Board and president of affiliates Greenlight Capital, Inc. and DME Advisors, LP).
- Expiration Extension: The termination date of the Agreement has been extended to June 30, 2034.
- Future Extensions: Within one year prior to the new Termination Date, the Agreement may be extended for additional periods, each not exceeding ten years.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, management commentary on future performance, or specific risk factors beyond the standard incorporation by reference of the full amendment text. The primary significance is the long-term alignment of the company with its Chairman and key affiliates through 2034.
Investor Verification Checklist
- Verify the full terms of Amendment No. 3 attached as Exhibit 10.1.
- Confirm the specific voting rights and governance provisions within the amended Shareholders' Agreement.
- Review the relationship and potential conflicts of interest between the Registrant and David Einhorn's affiliated entities.
- Check subsequent filings for any further amendments or changes to the termination date.