Assured Guaranty Ltd. 2018 Executive Officer Cash Compensation Description
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Summary
Assured Guaranty Ltd. outlines the 2018 annual salaries for its executive officers, including the President and CEO, CFO, Chief Surveillance Officer, and another executive officer. These executives are also eligible for equity and non-equity incentive compensation based on 2018 performance, as well as other annual benefits such as retirement plan contributions. The document also notes a change in executive roles effective January 1, 2018. This summary provides key compensation details for top company officers for the year.
EX-10.40 2 ago-12312017x10kex1040.htm EXHIBIT 10.40 Exhibit
Exhibit 10.40
ASSURED GUARANTY LTD.
DESCRIPTION OF 2018 EXECUTIVE OFFICER CASH COMPENSATION
Set forth below are the 2018 annual salaries of the Executive Officers to be named in the compensation tables in Assured Guaranty’s 2018 proxy statement, which will be filed with the SEC not later than 120 days after the close of the fiscal year pursuant to regulation 14A, and who serve as Executive Officers as of the date of this filing1.
Executive Officer | Salary |
Dominic J. Frederico President and Chief Executive Officer | $1,250,000 |
Robert A. Bailenson Chief Financial Officer | $700,000 |
Russell B. Brewer II Chief Surveillance Officer | $525,000 |
Bruce E. Stern Executive Officer | $500,000 |
The named executive officers will also be eligible for the following:
• | To be considered to receive equity and non-equity incentive compensation for 2018 performance. |
• | To receive other annual compensation and benefits, including employer contributions to retirement plans. |
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1 James M. Michener resigned as General Counsel and Secretary and as an executive officer of the Company, effective December 31, 2017. Effective January 1, 2018, Mr. Michener became the Senior Advisor to the Chief Executive Officer of Assured Guaranty US Holdings Inc.
