JEFFREY S. STEIN - Corporate Board Profile

AMBAC FINANCIAL GROUP INC

Filing Date	Source Excerpt
2013-11-08	Jeffrey S. Stein has been a director since May 1, 2013. ... The Audit Committee is currently comprised of Messrs. Eugene M. Bullis (Chairman), Victor Mandel, Jeffrey S. Stein and Nader Tavakoli. ... The Governance and Nominating Committee is currently comprised of Messrs. Victor Mandel (Chairman), Jeffrey S. Stein and Nader Tavakoli. ... The Strategy and Risk Policy Committee is currently comprised of Messrs. Victor Mandel, Jeffrey S. Stein (Chairman) and Nader Tavakoli. ... 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 $250,000 of stock-based compensation comprised of a combination of restricted stock units and options, subject to vesting and holding periods.
2014-04-10	Jeffrey S. Stein has been a Director since May 1, 2013. ... The Audit Committee is currently comprised of Messrs. Eugene M. Bullis (Chairman), Victor Mandel, Jeffrey S. Stein and Nader Tavakoli. ... The Governance and Nominating Committee is currently comprised of Messrs. Victor Mandel (Chairman), Jeffrey S. Stein and Nader Tavakoli. ... The Strategy and Risk Policy Committee is currently comprised of Messrs. Victor Mandel, Jeffrey S. Stein (Chairman) and Nader Tavakoli. ... The following table summarizes compensation paid to non-employee directors during 2013 ... Jeffrey S. Stein ... Total ($) $725,036
2015-04-03	Jeffrey S. Stein has been Chairman of the Board since January 1, 2015. He chairs the Strategy and Risk Policy Committee. Compensation for Non-Employee Directors 2014: Jeffrey S. Stein $475,011 total compensation.
2016-04-20	Jeffrey S. Stein has been Chairman of the Board since January 1, 2015 and a Director since May 1, 2013. He serves on the Audit and Governance and Nominating Committees and chairs the Strategy and Risk Policy Committee. Compensation for 2015 was $475,004.
2017-04-07	Jeffrey S. Stein Mr. Stein has been Chairman of the Board since January 1, 2015 and has served as a director since May 1, 2013. ... makes Mr. Stein well qualified to be Chairman of our Board, and to serve on the Governance and Nominating Committee. ... Compensation for Non-Employee Directors in 2016 ... Jeffrey S. Stein 475,007 ...
2018-04-05	Jeffrey S. Stein Mr. Stein has been Chairman of the Board since January 1, 2015 and has served as a director since May 1, 2013. ... The Compensation Committee is currently comprised of Messrs. Greene, Haft and Prieur (Chairman). ... The Governance and Nominating Committee is currently comprised of Messrs. Greene (Chairman), Prieur and Stein. ... The following table summarizes compensation paid to non-employee directors during 2017 ... Jeffrey S. Stein 2017 Fees earned or paid in cash 255,000 Stock Awards 200,012 Total 455,012
2019-04-18	Jeffrey S. Stein Mr. Stein has been Chairman of the Board since January 1, 2015 and has served as a director since May 1, 2013. ... His breadth of experience makes Mr. Stein well qualified to be Chairman of our Board, and to serve on the Governance and Nominating Committee. In 2018 non-employee director compensation was paid as follows: ... Jeffrey S. Stein: $447,000.
2020-04-15	Jeffrey S. Stein Mr. Stein has been Chairman of the Board since January 1, 2015 and has served as a director since May 1, 2013. ... Mr. Stein is an investment professional with over twenty-seven years of experience in institutional asset management who has substantial experience investing in the financial services industry. ... His breadth of experience makes Mr. Stein well qualified to be Chairman of our Board, and to serve on the Governance and Nominating Committee. ... The following table summarizes compensation paid to non-employee directors during 2019. ... Jeffrey S. Stein 2019 Fees Earned or Paid in Cash $243,000 Stock Awards $200,000 Total $443,000
2021-04-15	The following table summarizes compensation paid to non-employee directors during 2020. Jeffrey S. Stein: Fees earned or paid in cash $225,000; Stock Awards $200,000; Total $425,000.
2022-04-15	Jeffrey S. Stein Mr. Stein has been Chairman of the Board since January 1, 2015 and has served as a director since May 1, 2013. Mr. Stein is Founder and Managing Partner of Stein Advisors LLC, a financial advisory firm that provides consulting services to public and private companies and institutional investors. Mr. Stein provides the perspective of a successful investment professional with over twenty-nine years of experience in both debt and equity asset classes. Mr. Stein has substantial experience investing in the financial services industry. Previously, Mr. Stein was a Co-Founder and Principal of Durham Asset Management LLC, a global event-driven distressed debt and special situations equity asset management firm. From January 2003 through December 2009, Mr. Stein served as Co-Director of Research at Durham responsible for the identification, evaluation and management of investments for the various Durham portfolios. From July 1997 to December 2002 Mr. Stein served as Co-Director of Research at The Delaware Bay Company, Inc., a boutique research and investment banking firm focused on the distressed debt and special situations equity asset classes. From September 1991 to August 1995, Mr. Stein was an Associate and Assistant Vice President at Shearson Lehman Brothers in the Capital Preservation & Restructuring Group. Mr. Stein currently serves as a director on the board of Intelsat Connect Finance S.A. and as a board observer on the Board of TORM plc. Mr. Stein previously served as a director on the Boards of Dynegy Inc., NMC Health plc, and Westmoreland Coal Company. Mr. Stein received a B.A. in Economics from Brandeis University and an M.B.A. with Honors in Finance and Accounting from New York University.
2023-04-28	Jeffrey S. Stein Mr. Stein has been Chairman of the Board since January 1, 2015 and has served as a director since May 1, 2013. ... Mr. Stein has a wealth of knowledge with respect to the financial, institutional and risk management issues currently facing Ambac. His breadth of experience makes Mr. Stein well qualified to be Chairman of our Board, and to serve on the Governance and Nominating Committee. ... The Audit Committee is currently comprised of Messrs. Haft, and Herzog (Chairman), and Ms. Iglesias. ... The Governance and Nominating Committee is currently comprised of Ms. Lamm-Tennant (Chair), and Mr. Stein. ... The following table summarizes compensation paid to non-employee directors during 2022. Jeffrey S. Stein 2022 $225,000 fees earned in cash, $189,557 stock awards, total $414,557.
2024-04-26	Jeffrey S. Stein - Chairman of the Board since 2015, member of Audit, Compensation, and Governance Committees. 2023 compensation: $437,558.