Corporate Board Profile
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| Filing Date | Source Excerpt |
|---|---|
| 2013-11-08 | Nader Tavakoli has been Co-Chair and 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 Compensation Committee is currently comprised of Messrs. Eugene M. Bullis, Victor Mandel, Jeffrey S. Stein and Nader Tavakoli (Chairman). ... 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 $250,000 of stock-based compensation comprised of a combination of restricted stock units and options, subject to vesting and holding periods. |
| 2014-04-10 | Nader Tavakoli has been Co-Chair and a Director since May 1, 2013. ... The Audit Committee is currently comprised of Messrs. Eugene M. Bullis (Chairman), Victor Mandel, Jeffrey S. Stein and Nader Tavakoli. ... The Compensation Committee is currently comprised of Messrs. Eugene M. Bullis, Victor Mandel, Jeffrey S. Stein and Nader Tavakoli (Chairman). ... The Governance and Nominating Committee is currently comprised of Messrs. Victor Mandel (Chairman), Jeffrey S. Stein and Nader Tavakoli. ... The Strategy and Risk Policy Committee is currently comprised of Messrs. Victor Mandel, Jeffrey S. Stein (Chairman) and Nader Tavakoli. ... The following table summarizes compensation paid to non-employee directors during 2013 ... Nader Tavakoli ... Total ($) $725,036 |
| 2015-04-03 | Nader Tavakoli has been interim President and Chief Executive Officer since January 1, 2015. He serves on the Strategy and Risk Policy Committee. Compensation for Non-Employee Directors 2014: Nader Tavakoli $475,011 total compensation. |
| 2016-04-20 | Nader Tavakoli has been President and CEO since January 4, 2016 and a Director since May 1, 2013. He serves on the Strategy and Risk Policy Committee. His total compensation for 2015 was $4,943,310. |
| Filing Date | Source Excerpt |
|---|---|
| 2012-04-23 | Mr. Tavakoli holds a B.A. in History from Montclair State University and a J.D. from Rutgers School of Law. |
| 2013-04-22 | Mr. Tavakoli holds a B.A. in History and a Juris Doctor from Rutgers Law School, with extensive investing and corporate governance experience. |
| 2015-07-20 | Mr. Tavakoli holds a B.A. in History from Montclair State University, where he was selected Valedictorian, and a Juris Doctor from the Rutgers Law School, where he was an Editor of the Rutgers Law Review. Our Board of Directors has concluded that Mr. Tavakoli should serve on the Board of Directors based upon his extensive investing and corporate governance experience. |
| 2016-06-27 | Mr. Tavakoli holds a B.A. in History and a Juris Doctor; career in investment and law. |
| 2017-05-31 | Mr. Tavakoli has made substantial investments across numerous industries, including significant investments in semiconductor, technology and telecommunications companies... Mr. Tavakoli holds a B.A. in History and a Juris Doctor from Rutgers Law School. |
| 2018-04-27 | Mr. Tavakoli holds a B.A. in History and a Juris Doctor degree, with experience as a financial advisor and CEO in financial and investment firms. |
| 2019-04-30 | Mr. Tavakoli holds a B.A. in History from Montclair State University and a Juris Doctor from Rutgers Law School. He began his professional career as an attorney and has extensive investing and corporate governance experience. |
| 2020-04-29 | Mr. Tavakoli began his professional career as an attorney with the New York City law firm of Milbank, where he represented institutional clients in banking, litigation and corporate restructuring matters. |
Source material: SEC submissions metadata and DEF 14A proxy filings from EDGAR. Last updated: 2026-03-22