Ambac Financial Group (OSG) Proxy filing summary

Voting matters and shareholder proposals

• Seven directors are nominated for election, with the board recommending a vote in favor of each nominee.

• Advisory approval of executive compensation is proposed, with board support.

• Ratification of Ernst & Young as the independent auditor for the fiscal year ending December 31, 2026 is recommended.

• Approval of the 2026 Incentive Compensation Plan is up for vote, with board endorsement.

Board of directors and corporate governance

• The slate of director nominees includes Ian D. Haft, Lisa G. Iglesias, Joan Lamm-Tennant, Claude LeBlanc, Kristi A. Matus, Michael D. Price, and Jeffrey S. Stein.

Executive compensation and say-on-pay

• Shareholders are asked to approve, on a non-binding advisory basis, the compensation for named executive officers.

• A new 2026 Incentive Compensation Plan is proposed for approval.