Company: KG
Filing Date: 2025-07-03
Form Type: 8-K
Source: 0002055116-25-000009
Chunk: 2

Company: Kestrel Group Ltd
Filing Date: 2025-07-03
Form: 8-K
Item: Item 9.01
Chunk 2
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Item 9.01 Financial Statements and Exhibits.

  (d) Exhibits.                                                                 
  Exhibit No.        Description                                                
  10.1               L awrence Metz Separation and Release of Claims Agreement  

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  Date:      July 3, 2025      Kestrel Group Ltd                                   
 ───────────────────────────────────────────────────────────────────────────────────
                               By:                    /s/ Bradford Luke Ledbetter  
                               Name:                  Bradford Luke Ledbetter      
                               Title:                 Chief Executive Officer      

SEPARATION AGREEMENT AND GENERAL RELEASE

1. This Separation Agreement and General Release (“ Agreement”) is between Lawrence Metz (“ Employee”) and Kestrel Group Ltd. (“ Company”) to resolve any and all claims alleged by Employee against the Company, and all other outstanding issues or claims regarding Employee’s employment with the Company, and to set forth all of the obligations between the parties.

2. Employee’s employment with the Company and all of its affiliates will terminate effective June 30, 2025 (“ Separation Date”). Employee acknowledges that Employee has been paid Employee’s regular rate of pay in equal biweekly installments, less applicable deductions through the Separation Date.

3. In exchange for Employee’s execution and non-revocation of this Agreement and in exchange for the other obligations that Employee owes to the Company under this Agreement, the Company agrees to pay Employee the total amount of one million one hundred thousand dollars ($1,100,000), less applicable deductions (the “ Separation Amount”). The Separation Amount will be paid to Employee in equal installments pursuant to the Company normal payroll practices (which is currently paid bi-weekly) for the period commencing on the Separation Date and ending on May 1, 2028, provided that first payment shall be made within ten (10) business days after the Effective Date (and shall contain all amounts which should have been paid prior to such date, but were not paid). Employee acknowledges that Employee is not otherwise entitled to the payment set forth in this Section 3 and that such payment constitutes valid consideration for the release set forth in Section 6 below.

4. Employee acknowledges that Employee has been advised that Employee may be able to continue Employee’s health benefits pursuant to COBRA and that Employee will receive additional information regarding CO