American Coastal Insurance Corp Files 8-K on Leadership and Compensation
Ticker: ACIC · Form: 8-K · Filed: Feb 12, 2025 · CIK: 1401521
| Field | Detail |
|---|---|
| Company | American Coastal Insurance CORP (ACIC) |
| Form Type | 8-K |
| Filed Date | Feb 12, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $700,000, $525,000, $360,000, $1,050,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, leadership-changes, financial-statements
Related Tickers: ACIC
TL;DR
ACIC filed an 8-K covering director changes, officer appointments, and compensation. Financials included.
AI Summary
On February 12, 2025, American Coastal Insurance Corporation filed an 8-K report detailing changes in its board of directors and executive officers, as well as updates to compensatory arrangements. The filing also includes financial statements and exhibits.
Why It Matters
Changes in corporate leadership and compensation structures can signal shifts in company strategy or financial health, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing is routine and reports on corporate governance and financial statements without indicating immediate financial distress or significant operational changes.
Key Numbers
- 000-52833 — SEC File Number (Identifies the company's filing history with the SEC.)
- 75-3241967 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- AMERICAN COASTAL INSURANCE CORPORATION (company) — Registrant
- February 12, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 570 Carillon Parkway, Suite 100, Saint Petersburg, FL 33716 (address) — Principal executive offices
- UNITED INSURANCE HOLDINGS CORP. (company) — Former company name
- FMG ACQUISITION CORP (company) — Former company name
FAQ
What specific changes were made to the board of directors or executive officers?
The filing indicates changes in directors and officers, and updates to compensatory arrangements, but the specific details of these changes are not provided in the provided text snippet.
What is the primary business of American Coastal Insurance Corporation?
American Coastal Insurance Corporation operates in the FIRE, MARINE & CASUALTY INSURANCE industry, as indicated by its SIC code [6331].
When was the company incorporated?
The company was incorporated in Delaware.
What are the principal executive offices of the company?
The principal executive offices are located at 570 Carillon Parkway, Suite 100, Saint Petersburg, FL 33716.
What other items are included in this 8-K filing?
In addition to reporting on departures/elections of directors and officers and compensatory arrangements, the filing also includes Financial Statements and Exhibits.
Filing Stats: 730 words · 3 min read · ~2 pages · Grade level 11.9 · Accepted 2025-02-12 16:01:13
Key Financial Figures
- $0.0001 — ange on Which Registered Common stock, $0.0001 par value per share ACIC Nasdaq Stock M
- $700,000 — increase in Mr. Martz's base salary to $700,000 from $525,000, an increase in his Annua
- $525,000 — r. Martz's base salary to $700,000 from $525,000, an increase in his Annual Incentive Pl
- $360,000 — n ("AIP") target award to $700,000 from $360,000 and an increase in his Long-Term Incent
- $1,050,000 — Incentive Plan ("LTIP") target award to $1,050,000 from $725,000. Changes to Mr. Martz's b
- $725,000 — "LTIP") target award to $1,050,000 from $725,000. Changes to Mr. Martz's base salary and
Filing Documents
- uihc-20250212.htm (8-K) — 26KB
- 0001401521-25-000021.txt ( ) — 174KB
- uihc-20250212.xsd (EX-101.SCH) — 2KB
- uihc-20250212_def.xml (EX-101.DEF) — 14KB
- uihc-20250212_lab.xml (EX-101.LAB) — 25KB
- uihc-20250212_pre.xml (EX-101.PRE) — 15KB
- uihc-20250212_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits Exhibit No. Description 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 February 12, 2025 By: /s/ B. Bradford Martz B. Bradford Martz, President and Chief Executive Officer (principal executive officer and duly authorized officer)