Mount Logan Capital Inc. Announces Director Changes and Executive Compensation Modification
February 15 2022 - 6:00AM
Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan,” “our,” “we,” or
the “Company”) is pleased to announce the appointment of Robert
Warshauer as a director of the Company and the chair of the Audit
Committee.
Mr. Warshauer is the Chief Executive Officer of
BLST Holdings, LLC, the parent of Bluestem Brands, a billion-dollar
consumer finance E-Commerce and catalog retailer. Mr. Warshauer has
over 35 years of experience in financings, mergers and
acquisitions, and restructurings. Mr. Warshauer was a Managing
Director of Imperial Capital, Head of Investment Banking - New York
Office and Co-Head of Restructuring where he advised clients on
operational issues, acquisitions and recapitalizations. He received
his M.B.A. from New York University and his B.S.B.A. from Bucknell
University.
In connection with Mr. Warshauer’s appointment,
the Company also announces that Mr. Radford Small is retiring and
is stepping down as a director.
"On behalf of the board of directors, I would
like to thank Radford for his contributions to the Company. Radford
has added significant value to the Company since joining the board
in 2018, both through his participation on the board and the
committees on which he served. We are delighted to welcome Robert
to the board," said Ted Goldthorpe, Chief Executive Officer of
MLC.
As a testament to management's commitment to and
belief in Mount Logan's long-term value creation potential, Chief
Executive Officer, Ted Goldthorpe, and Co-Presidents, Matthias
Ederer and Henry Wang, will receive no cash salary or bonuses of
any kind for the 2022 fiscal year. Instead, their compensation will
be 100% equity-based compensation granted pursuant to the Company’s
security-based compensation arrangements that vests over time for
services rendered.
About Mount Logan Capital Inc.
Mount Logan Capital Inc. is an alternative asset management and
insurance solutions company that is focused on public and private
debt securities in the North American market and the reinsurance of
annuity products. The Company actively sources, evaluates,
underwrites, manages, monitors and primarily invests in loans, debt
securities, and other credit-oriented instruments that present
attractive risk-adjusted returns and present low risk of principal
impairment through the credit cycle.
For additional information, please contact:
Jason Roos Chief Financial Officer
Jason.Roos@mountlogancapital.ca
Mount Logan Capital Inc. 365 Bay Street, Suite
800 Toronto, ON M5H 2V1
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