Corporate Board Profile
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| Filing Date | Source Excerpt |
|---|---|
| 2013-11-08 | Eugene M. Bullis has been a director since May 31, 2013. ... The Audit Committee is currently comprised of Messrs. Eugene M. Bullis (Chairman), Victor Mandel, Jeffrey S. Stein and Nader Tavakoli. ... The Compensation Committee is currently comprised of Messrs. Eugene M. Bullis, Victor Mandel, Jeffrey S. Stein and Nader Tavakoli (Chairman). ... Ambac's director compensation program is designed to enable continued attraction and retention of highly qualified non-employee directors by ensuring that director compensation is reflective of the time, effort, expertise, and accountability required of board membership. Following our emergence from Chapter 11, the Governance and Nominating Committee determined that certain changes to Ambac's non-employee director compensation program were appropriate. The Governance and Nominating Committee believes that annual compensation for non-employee directors should generally consist of both a cash component, designed to compensate members for their service on the Board of Directors and its committees, and an equity component, designed to align the interests of directors and stockholders and, by vesting over time, to create an incentive for continued service on the Board as well as compensate members for their service. Our annual compensation arrangement for non-employee directors consists of (i) a cash fee of $200,000 and, (ii) if the 2013 Incentive Compensation Plan is approved by our stockholders as set forth in this Proxy Statement, a grant of $250,000 of stock-based compensation comprised of a combination of restricted stock units and options, subject to vesting and holding periods. |
| 2014-04-10 | Eugene M. Bullis has been a Director since May 31, 2013. ... The Audit Committee is currently comprised of Messrs. Eugene M. Bullis (Chairman), Victor Mandel, Jeffrey S. Stein and Nader Tavakoli. ... The Compensation Committee is currently comprised of Messrs. Eugene M. Bullis, Victor Mandel, Jeffrey S. Stein and Nader Tavakoli (Chairman). ... The following table summarizes compensation paid to non-employee directors during 2013 ... Eugene M. Bullis ... Total ($) $725,036 |
| 2015-04-03 | Eugene M. Bullis has been a Director since May 31, 2013. Mr. Bullis also serves on the Board of Directors of, and as the Audit Committee Chair for, The ONE Group Hospitality, Inc. Compensation for Non-Employee Directors 2014: Eugene M. Bullis $475,011 total compensation. |
Data sourced from SEC filings. Last updated: 2025-12-06