<PAGE>
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: September 18, 1997
Date of Earliest
Event Reported: September 18, 1997
MBIA Inc.
-----------------------------------------------------
(Exact name of registrant as specified in its charter)
Connecticut 1-9583 06-1185706
-------------- ------------------------ ------------
(State of (Commission File Number) (IRS Employer
Incorporation) Identification No.)
113 King Street, Armonk, New York 10504
- -------------------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
(914) 273-4545
---------------------------------------------------
(Registrant's telephone number, including area code)
Page 1 of 4
<PAGE>
ITEM 5. OTHER EVENTS
------------
On September 18, 1997, the Company announced that its Board of Directors
approved a 2-for-1 stock split by means of a stock dividend. The press release
making such announcement is filed herewith.
Page 2 of 4
<PAGE>
SIGNATURE
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.
------------------------------
(Registrant)
Date: September 18, 1997 By /s/ Julliette S. Tehrani
------------------ -------------------------------
Name: Julliette S. Tehrani
Title: Executive Vice President
Chief Financial Officer
Treasurer
Page 3 of 4
<PAGE>
MBIA INC. NEWS RELEASE
113 King Street
Armonk, NY 10504
914 273 4545
Contact: Michael C. Ballinger FOR IMMEDIATE RELEASE
(914) 765-3893 ---------------------
MBIA INC. ANNOUNCES 2-FOR-1 STOCK SPLIT AND DIVIDEND INCREASE
- -------------------------------------------------------------
ARMONK, New York - September 18, 1997 - MBIA Inc. (NYSE: MBI) announced today
that its Board of Directors approved a 2-for-1 stock split by means of a stock
dividend. The Board also increased the company's quarterly dividend 3 percent to
39 cents per share from 38 cents per share.
The 2-for-1 stock split will be accomplished through a 100 percent stock
dividend payable on October 29 to shareholders of record as of October 1.
MBIA's increased quarterly dividend will be payable on a pre-split basis on
October 15 to shareholders of record as of September 29. The dividend increase
is the tenth consecutive annual increase since MBIA began paying a dividend in
1987.
David H. Elliott, chairman and chief executive officer of MBIA, said, "The Board
of Directors' decision to split the stock should make our shares more attractive
to a wider range of investors and enhance the liquidity of our stock. The
dividend increase reflects the company's favorable business prospects and its
ability to deliver continued earnings growth."
MBIA Inc., through its wholly owned subsidiary, MBIA Insurance Corporation, is
the leading insurer of municipal bonds and structured finance transactions. MBIA
is also a leading provider of investment management and municipal services to
the public sector. MBIA Insurance Corporation has a claims-paying rating of
Triple-A from Moody's Investors Service, Inc., Standard & Poor's Ratings
Services and Fitch Investors Service. Please visit MBIA's web site at
http://www.mbia.com.
# # #
Page 4 of 4
