0001412100false00014121002023-12-222023-12-22

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):
December 22, 2023 (December 19, 2023)
 
MAIDEN HOLDINGS, LTD.
 (Exact name of registrant as specified in its charter)
 
Bermuda001-3404298-0570192

(State or other jurisdiction
of incorporation)
 

(Commission File
Number)
 

(IRS Employer
Identification No.)
 
94 Pitts Bay Road, Pembroke HM08, Bermuda
 
(Address of principal executive offices and zip code)
 
(441) 298-4900
(Registrant's telephone number, including area code)
 
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:
 
 ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 		  
 ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 		  
 ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 		  
 ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))  

Indicate by check mark whether the registrant is an emerging growth company as defined in 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. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of Each ClassTrading symbol(s)Name of Each Exchange on Which Registered
Common Shares, par value $0.01 per shareMHLD
NASDAQ Capital Market




Item 8.01Other Events.


On December 19, 2023, the U.S. District Court for the District of New Jersey granted summary judgment on plaintiffs’ claim for securities fraud under Section 10(b) of the Securities Exchange Act to Maiden Holdings, Ltd. and individual defendants Arturo Raschbaum, Karen Schmitt, and John Marshalek, in the class action titled Wigglesworth v. Maiden Holdings, Ltd. The Court held that the factual record failed to support, as a matter of law, plaintiffs’ allegations that the defendants had made false statements regarding the Company’s loss reserves. The Court also dismissed plaintiffs’ claims that the individual defendants were liable as control persons under Section 20(a) of the Securities Exchange Act for any such alleged false statements. Plaintiffs have 30 days to appeal if they choose.


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. 
Date:December 22, 2023MAIDEN HOLDINGS, LTD.
  
    
 
 
   By:/s/ Lawrence F. Metz
  Lawrence F. Metz
  Executive Vice Chairman and Group President


v3.23.4
Cover Page
Dec. 22, 2023
Cover [Abstract]  
Document Type 8-K
Document Period End Date Dec. 22, 2023
Entity Registrant Name MAIDEN HOLDINGS, LTD.
Entity Central Index Key 0001412100
Amendment Flag false
Entity Incorporation, State or Country Code D0
Entity File Number 001-34042
Entity Tax Identification Number 98-0570192
Entity Address, Address Line One 94 Pitts Bay Road
Entity Address, City or Town Pembroke
Entity Address, Postal Zip Code HM08
Entity Address, Country BM
City Area Code 441
Local Phone Number 298-4900
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Title of 12(b) Security Common Shares, par value $0.01 per share
Trading Symbol MHLD
Security Exchange Name NASDAQ
Maiden (NASDAQ:MHLD)
Historical Stock Chart
From Jan 2025 to Feb 2025 Click Here for more Maiden Charts.
Maiden (NASDAQ:MHLD)
Historical Stock Chart
From Feb 2024 to Feb 2025 Click Here for more Maiden Charts.