Company: KG
Filing Date: 2025-05-30
Form Type: 8-K
Source: 0001104659-25-054992
Chunk: 9

Company: Kestrel Group Ltd
Filing Date: 2025-05-30
Form: 8-K
Item: Item 5.01
Chunk 9
---
% of base salary for Terry Ledbetter), eligibility to participate in the Company’s long term
incentive program and other benefits as generally provided by the Company to its executives. In the event of the Ledbetters death, their
heirs or legal representatives will receive six months of base salary after the date of death. Under the Ledbetter Employment Agreements,
the Ledbetters are subject to customary non-competition, non-solicitation and confidentiality covenants.

Item 5.05 Amendments to the Registrant’s Code of Ethics, or
Waiver of a Provision of the Code of Ethics.

On May 27, 2015, in connection with the consummation of the Transactions,
the Company’s board of directors adopted the Company’s Code of Business Ethics and Conduct (the “ Code”), which
became effective on such date. The Code applies to all employees of the Company, including its principal executive officer, principal
financial officer and principal accounting officer. A copy of the Code is available under the Corporate Governance section of the Company’s
website at www. kestrelgroup. com. Information on such website does not constitute part of this Current Report on Form 8-K.

Item 8.01 Other Events.