Form 8-K

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): January 6, 2005

 


 

MBIA INC.

(Exact name of registrant as specified in its charter)

 


 

Connecticut   1-9583   06-1185706

(State or other jurisdiction

of incorporation)

  (Commission File Number)  

(IRS Employer

Identification No.)

 

113 King Street,

Armonk, New York

  10504
(Address of principal executive offices)   (Zip Code)

 

Registrant’s 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:

 

¨ 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))

 



Item 8.01. Other Events.

 

In light of the ongoing successful executive transition, Mr. Joseph W. Brown, MBIA Inc.’s executive Chairman, requested approval from the company’s Board of Directors to reduce his time commitment to the company for 2005 from four to three days a week and, in connection therewith, to reduce his base salary for 2005 from $720,000 to $540,000. On January 6, 2005, the company’s Board of Directors approved Mr. Brown’s request.


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.

 

MBIA INC.

By:

 

/S/ RAM D. WERTHEIM


   

Ram D. Wertheim

   

General Counsel

 

Date: January 12, 2005