ACIC Proxy Statement Filed

TL;DR

ACIC filed proxy docs, shareholders vote soon.

AI Summary

American Coastal Insurance Corporation (ACIC) is filing a Definitive Proxy Statement (DEFA14A) on April 22, 2024. This filing is related to their annual meeting and is a supplement to their proxy materials. The company was formerly known as United Insurance Holdings Corp. and FMG Acquisition Corp.

Why It Matters

This filing provides shareholders with essential information regarding voting matters and corporate governance decisions for American Coastal Insurance Corporation.

Risk Assessment

Risk Level: low — This is a routine proxy filing and does not contain new financial information or significant corporate actions that would inherently increase risk.

Key Players & Entities

• AMERICAN COASTAL INSURANCE Corp (company) — Registrant
• UNITED INSURANCE HOLDINGS CORP. (company) — Former Company Name
• FMG ACQUISITION CORP (company) — Former Company Name
• 0001401521-24-000033.txt (document) — Filing Document

FAQ

Filing Documents

• acicproxysupplement2024.htm (DEFA14A) — 17KB
• 0001401521-24-000033.txt ( ) — 19KB

From the Filing

Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant R Filed by a Party other than the Registrant Check the appropriate box Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement R Definitive Additional Materials Soliciting Materials Pursuant to 240.14a-12 AMERICAN COASTAL INSURANCE CORPORATION _ _______________________________(Name of Registrant as Specified in its Charter)____________________________ __________________________________________________________________________________________________ (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check the appropriate box) R No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which the transaction applies (2) Aggregate number of securities to which the transaction applies (3) Per unit price or other underlying value of the transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined) (4) Proposed maximum aggregate value of the transaction (5) Total fee paid Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid (2) Form, Schedule or Registration Statement No. (3) Filing Party (4) Date Filed EXPLANATORY NOTE This proxy statement supplement, dated April 22, 2024 (this "Supplement"), has been filed solely to clarify the disclosure set forth in the Company's definitive proxy statement (the "Proxy Statement"), as filed with the U.S. Securities and Exchange Commission on April 2, 2024, under the headings, Concerning the Annual Meeting and Voting – What is the required vote for each proposal" and "Proposal Two - Approval Of The Amended And Restated 2020 Omnibus Incentive Plan – Required Vote", relating to the vote required for Proposal Two to be acted on at the 2024 Annual Meeting of Stockholders of the Company to be held on May 14, 2024 and any adjournment or postponement thereof (the "Supplemental Disclosure"). The Supplemental Disclosure updates the Proxy Statement and should be read in conjunction with Proxy Statement. The Supplemental Disclosure does not change the proposals to be acted on at the 2024 Annual Meeting of Stockholders of the Company or the recommendation of the Board of Directors of the Company with respect to any proposals. Except as specifically supplemented by the information contained in the Supplemental Disclosure, all information set forth in the Proxy Statement continues to apply and should be considered in voting your shares. Capitalized terms used in this Supplement and not otherwise defined herein have the meaning given to them in the Proxy Statement. CONCERNING THE ANNUAL MEETING AND VOTING The second paragraph of the answer under the heading Concerning the Annual Meeting and Voting — What is the required vote for each proposal" on page 3 of the Proxy Statement is amended and restated to read as follows What is the required vote for each proposal Proposal Two (Approval of the Amended and Restated 2020 Omnibus Incentive Plan) Our Second Amended and Restated Certificate of Incorporation (the Certificate of Incorporation) provides that the holders of a majority of common stock present at the Annual Meeting or represented by proxy, and entitled to vote at the Annual Meeting on the subject matter of Proposal Two, may ratify any act submitted to the stockholders for ratification. Accordingly, the Amended and Restated 2020 Omnibus Incentive Plan will be approved if the number of for votes cast on Proposal Two exceeds the number of against and abstain votes. Abstentions will be included in the calculation of the number of shares represented and entitled to vote at the Annual Meeting on the subject matter of Proposal Two and will therefore count as votes against Proposal Two. Your broker is not permitted to vote your shares on this matter if no instructions are received from you, and broker non-votes will have no effect on the outcome of Proposal Two. PROPOSAL TWO - APPROVAL OF THE AMENDED AND RESTATED 2020 OMNIBUS INCENTIVE PLAN The answer under the heading Proposal Two — Approval Of The Amended And Restated 2020 Omnibus Incentive Plan — Required Vote" on page 25 of the Proxy Statement is amended and restated to read as follows Required Vote In order to approve Proposal Two, the holders of a majority of the common stock, present at the Annual Meeting or represented by

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View this DEFA14A filing on SEC EDGAR