Cannae Holdings Amends Director Agreement After Brasada Ranch Sale

What Happened Cannae Holdings, Inc. announced that on July 15, 2026 it closed the previously disclosed sale of its interest in Brasada Ranch to a company owned by William P. Foley, II. In connection with that closing, Cannae entered into a Letter Agreement dated July 15, 2026 with Mr. Foley that amends the Director Services Agreement (DSA) between the company and Mr. Foley dated May 12, 2025. The Letter Agreement deletes Section 11(a) of the DSA in its entirety.

Key Details

• Closing date of Brasada Ranch interest sale: July 15, 2026.
• Counterparty: a company owned by William P. Foley, II.
• Amendment: Letter Agreement (dated July 15, 2026) removes Section 11(a) from the DSA (original DSA dated May 12, 2025).
• Section 11(a) had allowed Mr. Foley to sell 50% of his shares of Cannae common stock back to the company at certain defined prices; that right is deleted.

Why It Matters The filing documents a completed asset sale and a concurrent change to a director-related contract. By deleting Section 11(a) of the DSA, Cannae has removed a contractual mechanism that would have permitted Mr. Foley to require the company to repurchase up to half of his shares at pre-set prices. Investors should note this change to the company’s repurchase-related obligations and the terms governing a named director; the full Letter Agreement is attached as Exhibit 10.1 to the 8-K for further detail.