MBIA (MBI) Proxy filing summary
Event summary combining transcript, slides, and related documents.
Proxy filing summary
2 Apr, 2026Audit committee and external auditor matters
PwC provided audit, audit-related, tax, and other services in 2025 and 2024, with total fees of $4,042,000 in 2025 and $4,652,000 in 2024.
Audit fees included consolidated financial statement audits, statutory and subsidiary audits, and SEC document reviews.
All fees for both years were approved by the Audit Committee, which pre-approves all audit and non-audit services.
The Audit Committee Chair can grant pre-approvals under $100,000, subject to later review by the full committee.
A clerical error in the 2025 audit fee was corrected from $3,389 to $3,889, with no impact on the total reported.
Voting matters and shareholder proposals
Stockholders may change their vote based on the corrected audit fee information by internet, phone, or at the virtual annual meeting.
Voting must be completed by 11:59 p.m. EDT on May 4, 2026, for the annual meeting on May 5, 2026.
Board of directors and corporate governance
The Audit Committee reviews and approves all proposed audit and non-audit services and associated costs at the start of each year.
Additional committee approval is required if pre-approved services exceed budgeted amounts.
Latest events from MBIA
- Q2 2026 net loss narrowed, PREPA exposure reduced, and leverage improved amid ongoing litigation.MBI
Q2 2026 - All directors re-elected, executive compensation and auditor ratification approved, no questions raised.MBI
AGM 2026 - Q1 2026 net loss narrowed to $40M, with stable liquidity and ongoing PREPA risk.MBI
Q1 2026 - Virtual annual meeting to vote on directors, pay, and auditors, with strong governance focus.MBI
Proxy filing - Net losses narrowed in 2025, with improved leverage and a results call set for February 27, 2026.MBI
Q4 2025 - Annual meeting to vote on directors, pay, auditors, and incentive plan; board is majority independent.MBI
Proxy Filing - Q2 net loss of $254M driven by PREPA reserves; unresolved exposures keep outlook uncertain.MBI
Q2 2024 - Q3 2024 net loss narrowed to $56M, but PREPA risks and negative book value persist.MBI
Q3 2024 - 2024 net loss narrowed, but adjusted losses rose and PREPA uncertainty persists.MBI
Q4 2024