Global Indemnity Group, LLC (NASDAQ:GBLI) filed a Form 8-K on October 30, 2026, reporting the resignation of Bruce Lederman from its Board of Directors and the appointment of Jessica E. Buss as a replacement Designated Director, both effective October 26, 2026.

Key Highlights

  • Lederman resigned as a Fox Paine Designated Director effective October 26, 2026, stepping down from roles as Chair of the Enterprise Risk Management (ERM) Committee and member of the Audit and Conflicts Committees.
  • Jessica E. Buss was appointed by Fox Paine as a Designated Director to the Board, also effective October 26, 2026.
  • Buss's committee assignments include membership on the Audit, Conflicts, and Nominating, Compensation and Governance Committees, and Chair of the ERM Committee.
  • Term of service for Ms. Buss runs from October 26, 2026 through December 31, 2026, according to the filing.
  • Compensation for Ms. Buss will follow the non-executive director compensation plan described in the Company's Definitive Proxy Statement on Schedule 14A filed with the SEC on April 29, 2026.
  • No related-party transactions requiring disclosure under Item 404(a) of Regulation S-K were reported for Ms. Buss.

Board Change at Global Indemnity: Lederman Out, Buss Appointed as ERM Chair

According to the filing, Bruce Lederman resigned as a Fox Paine Designated Director from the Board of Global Indemnity Group, LLC effective October 26, 2026. At the time of his departure, the filing states he held the position of Chair of the Company's Enterprise Risk Management Committee and served as a member of both the Audit and Conflicts Committees. A news release regarding his retirement was issued by the Company on October 27, 2026, and furnished as Exhibit 99.1 to the Current Report.

The filing discloses that Jessica E. Buss was appointed by Fox Paine as a Designated Director to fill the vacancy on the same date, October 26, 2026. Ms. Buss was assigned to the Audit, Conflicts, and Nominating, Compensation and Governance Committees, and was named Chair of the ERM Committee. Her appointment is described as made pursuant to an agreement with the Class B Majority Shareholder, and the filing states she "is not subject to election by the Company's stockholders." Her director term is stated to run through December 31, 2026.

The filing further discloses that Ms. Buss will be compensated under the non-executive director compensation plan as described in the Company's Definitive Proxy Statement on Schedule 14A filed with the SEC on April 29, 2026. The filing states she will not be party to any other material plan, contract, or arrangement in connection with her appointment, has no family relationship with any director or executive officer of the Company, and is not party to any transaction requiring disclosure under Item 404(a) of Regulation S-K. Capitalized terms in the filing are defined in the Third Amended and Restated Limited Liability Company Agreement, dated January 16, 2025, previously filed as an exhibit to the Company's Form 10-K on March 10, 2026.

What Was Disclosed

Global Indemnity Group, LLC reported the October 26, 2026 resignation of director Bruce Lederman and the same-day appointment of Jessica E. Buss as a Fox Paine Designated Director and ERM Committee Chair, with her term running through December 31, 2026.