Company: MHLA
Filing Date: 2025-03-26
Form Type: DEFM14A
Source: 0001104659-25-028254
Chunk: 151

Company: Maiden Holdings, Ltd.
Filing Date: 2025-03-26
Form: DEFM14A
Chunk 151
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 below in Proposal 5, there are no proposed or adopted compensation policies, procedures or plans with respect to Bermuda NewCo named executive officer compensation and any such determinations remain subject to the review and approval of Bermuda NewCo’s Compensation Committee.

Bermuda NewCo’s Board of Directors and Executive Officers after the Transaction

Board of Directors

Upon completion of the transaction, it is expected that the Bermuda NewCo board will be comprised of seven directors, including Terry Ledbetter, Luke Ledbetter, Joseph Brecher, Erik Cohen, Michael Hotchkiss, Steven Nigro and Jeffrey Weissmann.

Pursuant to the Ledbetter registration and investor rights agreement, upon completion of the transaction, KILH will have the right to nominate (i) two non-independent directors to the Bermuda NewCo board for so long as it and its affiliates own at least 25% of the shares of Bermuda NewCo issued to them at the closing, and (ii) two independent directors to the board for so long as it and its affiliates own at least 5% of the shares of Bermuda NewCo and at least 25% of the shares of Bermuda NewCo issued to them at the closing.

Pursuant to the AmTrust registration and investor rights agreement, upon completion of the transaction, AmTrust will have the right to nominate (i) one non-independent director to the Bermuda NewCo board for so long as it and its affiliates own at least 25% of the shares of Bermuda NewCo issued to them at the closing, and (ii) two independent directors to the board for so long as it and its affiliates own at least 5% of the shares of Bermuda NewCo and at least 25% of the shares of Bermuda NewCo issued to them at the closing.

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TABLE OF CONTENTS

Bermuda NewCo directors that have been designated as of the date of this proxy statement/prospectus and their ages as of March 1, 2025 are as follows:

| Name              | ​ | ​ | Age | ​ | ​ | Current Director of: | ​ |
| Terry Ledbetter   | ​ | ​ |  72 | ​ | ​ | Kestrel              | ​ |
| Luke Ledbetter    | ​ | ​ |  43 | ​ | ​ | Kestrel              | ​ |
| Joseph Brecher    | ​ | ​ |  35 | ​ | ​ | Kestrel              | ​ |
| Erik Cohen        | ​