American Coastal Insurance Corp Files 8-K on Director/Officer Changes
Ticker: ACIC · Form: 8-K · Filed: May 16, 2024 · CIK: 1401521
| Field | Detail |
|---|---|
| Company | American Coastal Insurance CORP (ACIC) |
| Form Type | 8-K |
| Filed Date | May 16, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, director-changes, filing
Related Tickers: UIHC
TL;DR
ACIC filed an 8-K detailing director/officer changes and votes. Keep an eye on leadership shifts.
AI Summary
American Coastal Insurance Corporation filed an 8-K on May 16, 2024, reporting events as of May 14, 2024. The filing indicates changes related to the departure and election of directors, appointment of officers, and compensatory arrangements. It also covers the submission of matters to a vote of security holders and includes financial statements and exhibits.
Why It Matters
This filing signals potential shifts in the company's leadership and governance structure, which could impact strategic direction and investor confidence.
Risk Assessment
Risk Level: medium — Changes in directors and officers, especially when combined with votes of security holders, can indicate internal shifts or strategic realignments that may carry inherent risks.
Key Numbers
- 0001401521-24-000074 — Accession Number (Unique identifier for the filing)
- 000-52833 — SEC File Number (SEC's file number for the company)
Key Players & Entities
- AMERICAN COASTAL INSURANCE Corporation (company) — Registrant
- May 14, 2024 (date) — Earliest event reported
- May 16, 2024 (date) — Filing date
- Delaware (jurisdiction) — State of incorporation
- 75-3241967 (identifier) — IRS Employer Identification No.
- 800 2nd Avenue S. Saint Petersburg, FL 33701 (address) — Principal executive offices
- (727) 633-0851 (phone_number) — Business phone
- UNITED INSURANCE HOLDINGS CORP. (company) — Former company name
- FMG ACQUISITION CORP (company) — Former company name
FAQ
What specific changes were made regarding directors and officers?
The filing indicates the departure of directors or certain officers, the election of directors, and the appointment of certain officers.
What is the significance of the 'Submission of Matters to a Vote of Security Holders' item?
This item signifies that the company presented certain matters for a vote by its shareholders during the reporting period.
What types of documents are included as exhibits in this filing?
The filing includes financial statements and exhibits, as indicated in the item information.
When was the company formerly known as UNITED INSURANCE HOLDINGS CORP.?
The date of the name change from UNITED INSURANCE HOLDINGS CORP. was October 2, 2008.
What is the primary business of American Coastal Insurance Corporation?
American Coastal Insurance Corporation operates in the FIRE, MARINE & CASUALTY INSURANCE industry, SIC code 6331.
Filing Stats: 991 words · 4 min read · ~3 pages · Grade level 12.2 · Accepted 2024-05-16 16:03:25
Key Financial Figures
- $0.0001 — ange on Which Registered Common stock, $0.0001 par value per share ACIC Nasdaq Stock M
Filing Documents
- uihc-20240514.htm (8-K) — 49KB
- 0001401521-24-000074.txt ( ) — 199KB
- uihc-20240514.xsd (EX-101.SCH) — 2KB
- uihc-20240514_def.xml (EX-101.DEF) — 14KB
- uihc-20240514_lab.xml (EX-101.LAB) — 25KB
- uihc-20240514_pre.xml (EX-101.PRE) — 15KB
- uihc-20240514_htm.xml (XML) — 3KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. The Company's 2024 Annual Meeting was held for stockholders to consider and act upon the three proposals listed below. A total of 39,684,817 shares of our common stock, out of a total of 47,799,465 shares of common stock issued and outstanding and entitled to vote as of the close of business on March 18, 2024, were present in person or represented by proxy. The final results of the stockholder votes regarding each proposal were as follows: Proposal One: The stockholders elected each of the five persons named below to serve as Class B directors for a two-year term until the Company's 2026 annual meeting of stockholders and until his successor is duly elected and qualified or until his earlier death, resignation, or removal. For Against Abstained Broker Non Votes Class B Directors Alec L. Poitevint, II 29,151,651 464,051 61,973 10,007,142 Kern M. Davis, M.D. 23,573,349 6,045,757 58,569 10,007,142 William H. Hood, III 29,537,183 80,473 60,019 10,007,142 Sherrill W. Hudson 29,300,586 316,999 60,090 10,007,142 Patrick F. Maroney 29,529,678 86,079 61,918 10,007,142 Proposal Two: The stockholders vote to approve the Plan. For Against Abstained Broker Non Votes 29,307,066 295,204 75,405 10,007,142 Proposal Three: The stockholders ratified the appointment of Deloitte & Touche, LLP as the Company's independent registered public accounting firm for the fiscal year ended December 31, 2024. For Against Abstained Broker Non Votes 39,542,668 19,705 122,444 —
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits Exhibit No. Description 1 0 .1 American Coastal Insurance Corporation Amended and Restated 2020 Omnibus Incentive Plan (incorporated by reference to Appendix A to the Company's Definitive Proxy Statement filed on April 2, 2024). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunder duly authorized. AMERICAN COASTAL INSURANCE CORPORATION May 16, 2024 By: /s/ B. Bradford Martz B. Bradford Martz, President