Company: KG
Filing Date: 2025-03-24
Form Type: S-4/A
Source: 0001104659-25-027242
Chunk: 281

Company: Kestrel Group Ltd
Filing Date: 2025-03-24
Form: S-4/A
Chunk 281
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 ​                                                                         | $ | 9.12 | ​ | ​ | ​ | ​                                                                                                                                   | ​ | 1,291,729 | ​ | ​ |
| Equity compensation plans not approved by security holders | ​ | ​ | ​                                                                                       | ​ |       — | ​ | ​ | ​ | ​                                                                         | ​ |    — | ​ | ​ | ​ | ​                                                                                                                                   | ​ |         — | ​ | ​ |
| Total                                                      | ​ | ​ | ​                                                                                       | ​ | 103,500 | ​ | ​ | ​ | ​                                                                         | ​ |    ​ | ​ | ​ | ​ | ​                                                                                                                                   | ​ | 1,291,729 | ​ | ​ |

Vote Required Approving the Bermuda NewCo equity plan proposal requires the affirmative vote (in person or by proxy) of a majority of the votes cast “For” or “Against” the proposal. Accordingly, a Maiden shareholder’s failure to submit a proxy card or to vote in person at the Maiden special meeting, an abstention from voting, or the failure of a Maiden shareholder who holds his or her shares in “street name” through a broker or other nominee to give voting instructions to such broker or other nominee will have no effect on the outcome of any vote to approve the Bermuda NewCo equity plan proposal. Board Recommendation THE MAIDEN BOARD (OTHER THAN MESSRS. ZYSKIND AND NEUBERGER, WHO RECUSED THEMSELVES FROM DETERMINATIONS RELATING TO THE TRANSACTIONS CONTEMPLATED BY THE COMBINATION AGREEMENT DUE TO THEIR FINANCIAL INTEREST IN AMTRUST) UNANIMOUSLY RECOMMENDS THAT MAIDEN SHAREHOLDERS VOTE “FOR” PROPOSAL 5.

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TABLE OF CONTENTS

PROPOSAL 6: ADVISORY VOTE ON MERGER-RELATED COMPENSATION FOR MAIDEN NAMED EXECUTIVE OFFICERS This section sets forth the information required by Item 402(t) of Regulation S-K regarding the compensation for each Maiden named executive officer that is based on or otherwise relates to the mergers. This compensation is referred to as “golden parachute” compensation by the applicable SEC disclosure rules, and in this section we use such term to describe the merger-related compensation payable to Maiden’s named executive officers. The “golden parachute” compensation payable to these individuals is subject to a non-binding, advisory vote of Maiden’s shareholders, as described below in this section. Messrs. H