Company: MHLA
Filing Date: 2025-03-26
Form Type: DEFM14A
Source: 0001104659-25-028254
Chunk: 188

Company: Maiden Holdings, Ltd.
Filing Date: 2025-03-26
Form: DEFM14A
Chunk 188
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 merger or amalgamation) of the share capital or other equity or voting interests of any other person or a material portion of the assets of any other person, in each case for consideration in excess of $100,000 individually or $250,000 in the aggregate, or (B) merge, consolidate, combine or amalgamate Kestrel or any of its subsidiaries with any person;

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except as required pursuant to the terms of any Kestrel benefit plan in effect on December 29, 2024, (A) grant to any current or former director, officer, employee or natural independent contractor of Kestrel or any of its subsidiaries any increase in compensation or benefits, (B) take any voluntary action to accelerate the vesting or lapse of restrictions or payment, or to fund or secure the payment of, any compensation or benefits, (C) establish, adopt, renew, enter into, terminate or amend any Kestrel benefit plan or collective bargaining agreement or other agreement with a labor union, works council or similar organization, (D) hire, engage or promote, or offer to hire, engage or promote, any individual or (E) waive or reduce the scope or duration of any non-competition, non-solicitation, or other restrictive covenant;

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renew, enter into, amend or terminate any employment agreement or any other employment agreement or similar agreement entered into with an employee of Kestrel or any of its subsidiaries;

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make any material changes in financial accounting methods, principles or practices, except insofar as may be required by (A) GAAP (or any interpretation thereof), including pursuant to standards, guidelines and interpretations of the FASB or any similar organization or (B) applicable SAP (or any interpretation thereof), including pursuant to standards, guidelines and interpretations of the National Association of Insurance Commissioners or (C) any applicable laws;

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except as may be required by (A) GAAP (or any interpretation thereof), including pursuant to standards, guidelines and interpretations of the FASB or any similar organization, (B) applicable SAP (or any interpretation thereof), including pursuant to standards, guidelines and interpretations of the National Association of Insurance Commissioners or (C) any applicable laws, alter or amend in any material respect any existing underwriting, reserving, claim handling or actuarial practice guideline or policy of Kestrel or any subsidiary of Kestrel that conducts the business of insurance or reinsurance;

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amend (A) the Kestrel LLCA or Kestrel certificate of formation