MBIA (MBI) Proxy filing summary
Event summary combining transcript, slides, and related documents.
Proxy filing summary
2 Apr, 2026Audit committee and external auditor matters
PwC provided audit, audit-related, tax, and other services in 2025 and 2024, with total fees of $4,042,000 in 2025 and $4,652,000 in 2024.
Audit fees included consolidated financial statement audits, statutory and subsidiary audits, and SEC document reviews.
All fees for both years were approved by the Audit Committee, which pre-approves all audit and non-audit services.
The Audit Committee Chair can grant pre-approvals under $100,000, subject to later review by the full committee.
A clerical error in the 2025 audit fee was corrected from $3,389 to $3,889, with no impact on the total reported.
Voting matters and shareholder proposals
Stockholders may change their vote based on the corrected audit fee information by internet, phone, or at the virtual annual meeting.
Voting must be completed by 11:59 p.m. EDT on May 4, 2026, for the annual meeting on May 5, 2026.
Board of directors and corporate governance
The Audit Committee reviews and approves all proposed audit and non-audit services and associated costs at the start of each year.
Additional committee approval is required if pre-approved services exceed budgeted amounts.
Latest events from MBIA
- Net loss narrowed to $40M in Q1 2026, with stable liquidity and ongoing PREPA risk.MBI
Q1 20268 May 2026 - All proposals passed, re-electing directors and approving compensation and auditor.MBI
AGM 20266 May 2026 - Net losses narrowed in 2025, with improved leverage and a results call set for February 27, 2026.MBI
Q4 20257 Apr 2026 - Virtual annual meeting to vote on directors, pay, and auditors, with strong governance focus.MBI
Proxy filing23 Mar 2026 - Q3 2024 net loss narrowed to $56M, but PREPA risks and negative book value persist.MBI
Q3 202412 Feb 2026 - 2024 net loss narrowed, but adjusted losses rose and PREPA uncertainty persists.MBI
Q4 202412 Feb 2026 - Q2 net loss hit $254M on PREPA charges; book value fell to negative $39.07.MBI
Q2 20242 Feb 2026 - Annual meeting to vote on directors, pay, auditors, and incentive plan; board is majority independent.MBI
Proxy Filing2 Dec 2025 - Net loss narrowed, PREPA claim marketability improved, but litigation uncertainty persists.MBI
Q2 202523 Nov 2025