Independent
Tenure on this board
7.7 yrs
Meeting calendar
MBI · Annual meeting · Tuesday, May 5, 2026
Mbia Inc
6 nominees · 3 ballot items.
Elect six directors for one-year terms; approve, on an advisory basis, the compensation paid to named executive officers (say-on-pay); and ratify PricewaterhouseCoopers LLP as independent auditors for 2026.
Market cap
$333M
1Y TSR
+36.6%
Board grade
C-
Record date
Mar 12, 2026
Filing
DEF 14A
Meeting concluded · May 5, 2026
Follow how the vote landed and what changed on Mbia Inc’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.
Proposals
On the ballot3
- 1
Election of Directors
ManagementBoard: FORElect six directors to MBIA's Board to serve one-year terms expiring at the 2027 Annual Meeting.
- 2
Approval of compensation paid to NEOs (Advisory 'Say-on-Pay
ManagementBoard: FORAdvisory vote to approve the compensation paid to the Company’s named executive officers as disclosed in the CD&A and executive compensation tables.
More detail
This advisory proposal asks shareholders to endorse MBIA’s executive compensation program as disclosed in the Compensation Discussion & Analysis and executive compensation tables. Management seeks shareholder approval to validate its pay decisions and to obtain feedback via a non-binding vote that the Compensation and Governance Committee will consider when setting future compensation. The company emphasizes alignment of pay with long-term shareholder value in a run-off business environment, retention of experienced executives, and a mix of cash and long-vested equity tied to performance (including a corporate scorecard and TSR-based performance shares). The board recommends approval, arguing the program ties compensation to remediation of troubled credits (notably PREPA), liquidity and adjusted book value objectives, and includes governance features like clawbacks, anti-hedging, stock ownership guidelines and long multi-year vesting to mitigate excessive risk-taking. MBIA reports strong historical shareholder support for say-on-pay and significant shareholder engagement, which the Committee cites in support of the approach. The vote is advisory and not binding, but will inform future decisions and committee deliberations. Given MBIA’s run-off status, the program places heavy weight on retention and long-vested equity to preserve institutional knowledge while aligning executives’ interests with shareholders; management frames the outcome-driven results (e.g., 2025 incentive payouts above target) as evidence of effective pay-for-performance. The Board’s recommendation centers on these points, presenting the advisory vote as a governance check and a signaling mechanism to shareholders rather than a substantive contractual change.
- 3
Ratification of PricewaterhouseCoopers LLP as Independent Auditors for 2026
ManagementBoard: FORRatify the selection of PricewaterhouseCoopers LLP as MBIA’s independent registered public accounting firm for the 2026 fiscal year.
Director elections
Nominees on the ballot6
Not independent
Tenure on this board
9.2 yrs
Independent
Tenure on this board
15.2 yrs
Also a director at
Empire State Realty Trust Inc (ESRT)
Independent
Tenure on this board
4.7 yrs
Independent
Tenure on this board
17.0 yrs
Also a director at
Chubb Ltd (CB)
Independent
Tenure on this board
19.0 yrs
Ownership
Latest 13F quarterTop institutional holders10
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | Wolf Hill Capital Management, LP | 5.0% | 2,545,543 | $15M |
| 2 | KAHN BROTHERS GROUP INC | 4.0% | 2,056,434 | $12M |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 3.9% | 1,975,239 | $12M |
| 4 | VALUEWORKS LLC | 3.8% | 1,931,890 | $11M |
| 5 | BlackRock, Inc. | 3.4% | 1,733,020 | $10M |
| 6 | Hosking Partners LLP | 3.1% | 1,584,913 | $9M |
| 7 | BlackRock, Inc. | 2.6% | 1,313,278 | $8M |
| 8 | STATE STREET CORP | 2.1% | 1,068,753 | $6M |
| 9 | TCW GROUP INC | 2.0% | 1,038,460 | $6M |
| 10 | GEODE CAPITAL MANAGEMENT, LLC | 1.8% | 905,633 | $5M |
Peers
Nearest market capOther Financial Services sector meetings6
Upcoming shareholder meetings at Mbia Inc’s closest sector peers — compare boards, ballots, and ownership across the cohort.
Oportun Financial CorpOPRT
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Kingstone Companies IncKINS
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Bit Digital IncBTBT
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Greenlight Capital Re LtdGLRE
Annual meeting·Jul 28, 2026·$557M
Gladstone Investment CorporationGAIN
Annual meeting·Aug 6, 2026·$671M
Capital Southwest CorpCSWC
Annual meeting·Jul 22, 2026·$1.5B
Reference
Frequently asked questions
- When is the Mbia Inc 2026 annual meeting?
- Mbia Inc (MBI) holds its 2026 annual shareholder meeting on Tuesday, May 5, 2026.
- What is the record date for the Mbia Inc 2026 meeting?
- The record date for the Mbia Inc 2026 meeting is Thursday, March 12, 2026. Shareholders of record on or before that date are eligible to vote.
- Who are the director nominees for Mbia Inc's 2026 meeting?
- The board is presenting 6 director nominees at the Mbia Inc 2026 meeting, listed with their independence status and background.
- What proposals will shareholders vote on at the Mbia Inc 2026 meeting?
- Shareholders will vote on 3 proposals at the Mbia Inc 2026 meeting, each tagged with who proposed it and the board's recommendation.
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