Company: KG
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028251
Chunk: 286

Company: Kestrel Group Ltd
Filing Date: 2025-03-26
Form: 424B3
Chunk 286
---
 ($6,619 and $18,000) for Messrs. Haveron and Metz, respectively, until May 1, 2028, assuming the termination of employment of Mr. Haveron or Mr. Metz without cause under the terms of the employment agreements as of March 3, 2025. Although these amounts are payable irrespective of whether the employment termination is in

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connection with the mergers or a change in control, out of an abundance of caution we are describing them in this prospectus/proxy statement.

(4)

The amounts in this column represent the value of accrued vacation assuming the termination of employment of Mr. Haveron or Mr. Metz without cause under the terms of the employment agreements as of March 3, 2025. Although these amounts are payable irrespective of whether the employment termination is in connection with the mergers or a change in control, out of an abundance of caution we are describing them in this prospectus/proxy statement.

#### Merger-Related Compensation Proposal
Pursuant to the Dodd-Frank Act and Rule 14a-21(c) of the Exchange Act, Maiden is seeking a non-binding, advisory shareholder approval of the compensation of Maiden’s named executive officers that is based on or otherwise relates to the mergers as disclosed above in this section. The proposal gives Maiden shareholders the opportunity to express their views on the merger-related compensation of Maiden’s named executive officers.

Accordingly, Maiden shareholders are being asked to adopt the following resolution, on a non-binding, advisory basis:

“RESOLVED, that the compensation that may be paid or become payable to Maiden’s named executive officers, in connection with the mergers, and the agreements or understandings pursuant to which such compensation may be paid or become payable, in each case as disclosed pursuant to Item 402(t) of Regulation S-K in ‘PROPOSAL 6: Advisory Vote on Merger-Related Compensation for Maiden Named Executive Officers — Golden Parachute Compensation,’ are hereby APPROVED.”

#### Vote Required
The vote on this proposal is a vote separate and apart from the vote to approve the first merger resolution. Accordingly, you may vote not to approve this proposal on merger-related executive compensation and vote to approve the first merger resolution and vice versa. Because the vote is advisory in nature, it will not be binding on Maiden, regardless of whether the first merger is approved. Approval of the non-binding, advisory proposal with respect to the compensation that may be received by