HCI Group, Inc. Enters Material Definitive Agreement
Ticker: HCIIP · Form: 8-K · Filed: Jun 17, 2024 · CIK: 1400810
| Field | Detail |
|---|---|
| Company | Hci Group, Inc. (HCIIP) |
| Form Type | 8-K |
| Filed Date | Jun 17, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $100,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, insurance
TL;DR
HCI Group signed a big deal on 6/12. Details TBD.
AI Summary
On June 12, 2024, HCI Group, Inc. entered into a material definitive agreement, the details of which are not fully disclosed in this filing. The company, incorporated in Florida with its principal executive offices in Tampa, operates in the fire, marine, and casualty insurance sector.
Why It Matters
This filing indicates a significant new agreement for HCI Group, Inc., which could impact its future operations and financial performance in the insurance industry.
Risk Assessment
Risk Level: medium — The filing reports a material definitive agreement, but the lack of specific details about the agreement introduces uncertainty and potential risk.
Key Numbers
- 001-34126 — SEC File Number (Identifies HCI Group's filings with the SEC.)
- 20-5961396 — I.R.S. Employer Identification Number (Company's tax identification number.)
Key Players & Entities
- HCI Group, Inc. (company) — Registrant
- June 12, 2024 (date) — Date of Earliest Event Reported
- Florida (location) — State of Incorporation
- Tampa, Florida (location) — Address of Principal Executive Offices
- FIRE, MARINE & CASUALTY INSURANCE (industry) — Standard Industrial Classification
FAQ
What is the nature of the material definitive agreement entered into by HCI Group, Inc. on June 12, 2024?
The filing states that HCI Group, Inc. entered into a material definitive agreement on June 12, 2024, but does not provide specific details about the agreement itself.
What is HCI Group, Inc.'s primary business sector?
HCI Group, Inc. operates in the FIRE, MARINE & CASUALTY INSURANCE sector, as indicated by its Standard Industrial Classification code.
Where are HCI Group, Inc.'s principal executive offices located?
The principal executive offices of HCI Group, Inc. are located at 3802 Coconut Palm Drive, Tampa, Florida 33619.
What is the SEC file number for HCI Group, Inc.?
The SEC file number for HCI Group, Inc. is 001-34126.
When was the earliest event reported in this Form 8-K filing?
The earliest event reported in this Form 8-K filing occurred on June 12, 2024.
Filing Stats: 449 words · 2 min read · ~1 pages · Grade level 10.6 · Accepted 2024-06-17 16:33:09
Key Financial Figures
- $100,000 — n, each director is to receive annually $100,000 in cash, payable quarterly, and 750 res
Filing Documents
- hci-20240612.htm (8-K) — 36KB
- 0000950170-24-074293.txt ( ) — 148KB
- hci-20240612.xsd (EX-101.SCH) — 29KB
- hci-20240612_htm.xml (XML) — 4KB
01
Item 1.01 Entry into a Material Definitive Agreement On June 11, 2024, our compensation committee established a compensation plan for the company's non-employee directors. Under the plan, each director is to receive annually $100,000 in cash, payable quarterly, and 750 restricted common shares. The shares, issued effective June 12, 2024, are subject to restrictions on transfer until May 22, 2025. During the period of restriction, the directors will be entitled to dividends and all other rights of ownership. 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, thereunto duly authorized. Dated: June 17, 2024 HCI GROUP, INC. BY: /s/ Andrew L. Graham Name: Andrew L. Graham Title: General Counsel A signed original of this Form 8-K has been provided to HCI Group, Inc. and will be retained by HCI Group, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.