Current Report Filing (8-k)
April 16 2018 - 04:19PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 16, 2018 (April 13, 2018)
MBIA INC.
(Exact name
of registrant as specified in its charter)
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Connecticut
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1-9583
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06-1185706
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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1 Manhattanville Road, Suite 301
Purchase, New York
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10577
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code:
914-273-4545
Not Applicable
(Former
name or former address, if changed since last report)
Check the appropriate box below
if the Form
8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2
of the Securities Exchange Act of 1934
(§240.12b-2
of
this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 3.02
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Unregistered Sales of Equity Securities.
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On April 13, 2018, the current holder (the
Holder), of MBIA Inc. (the Company) warrants (the Warrants) originally issued on May 6, 2013, exercised its right to acquire shares of the Companys common stock, par value $1.00, pursuant to the
Warrants and, on April 16, 2018, the Company delivered 1,154,608 shares of common stock to the Holder in satisfaction of such Warrants. In accordance with the terms of the Warrants, the shares of common stock were delivered in satisfaction of
the cashless exercise of such Warrants and, as a result, the Company received no consideration from the delivery of such shares of common stock in satisfaction of the Warrants.
The terms of the Warrants are set forth in the Warrant Agreement, dated as of May 6, 2013, between MBIA Inc. and Blue Ridge Investments, L.L.C.,
incorporated by reference to Exhibit 4.1 to the Companys Quarterly Report on Form
10-Q
for the fiscal quarter ended March 31, 2013.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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MBIA INC.
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By:
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/s/ Jonathan C. Harris
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Jonathan C. Harris
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General Counsel
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Date: April 16, 2018
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