HCI Group Appoints New Directors, One Departs
Ticker: HCIIP · Form: 8-K · Filed: Dec 30, 2024 · CIK: 1400810
| Field | Detail |
|---|---|
| Company | Hci Group, Inc. (HCIIP) |
| Form Type | 8-K |
| Filed Date | Dec 30, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $100 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, director-departure, director-election
TL;DR
HCI Group board shakeup: Kevin Ham out, Robert Johnson & Michael Miller in.
AI Summary
HCI Group, Inc. announced on December 27, 2024, a change in its board of directors. Specifically, the company reported the departure of director Kevin Ham, effective December 27, 2024. The filing also noted the election of two new directors, Robert L. Johnson and Michael J. Miller, to the board.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Board changes can introduce uncertainty regarding future strategic direction and management stability.
Key Players & Entities
- HCI Group, Inc. (company) — Registrant
- Kevin Ham (person) — Departing Director
- Robert L. Johnson (person) — Newly Elected Director
- Michael J. Miller (person) — Newly Elected Director
- December 27, 2024 (date) — Effective date of director departure and election
FAQ
Who has departed from the HCI Group, Inc. board of directors?
Kevin Ham has departed from the HCI Group, Inc. board of directors, effective December 27, 2024.
Who has been elected to the HCI Group, Inc. board of directors?
Robert L. Johnson and Michael J. Miller have been elected to the HCI Group, Inc. board of directors.
What is the effective date of the board changes at HCI Group, Inc.?
The earliest event reported, including director departure and election, is dated December 27, 2024.
What is the principal executive office address for HCI Group, Inc.?
The principal executive offices of HCI Group, Inc. are located at 3802 Coconut Palm Drive, Tampa, Florida 33619.
What is the SIC code for HCI Group, Inc.?
The Standard Industrial Classification (SIC) code for HCI Group, Inc. is 6331, which corresponds to FIRE, MARINE & CASUALTY INSURANCE.
Filing Stats: 500 words · 2 min read · ~2 pages · Grade level 9.8 · Accepted 2024-12-30 16:30:08
Key Financial Figures
- $100 million — nvestment firm which, in 2021, invested $100 million into our subsidiary corporation, TypTap
Filing Documents
- hci-20241227.htm (8-K) — 44KB
- 0000950170-24-141164.txt ( ) — 158KB
- hci-20241227.xsd (EX-101.SCH) — 29KB
- hci-20241227_htm.xml (XML) — 4KB
02 Departure of Directors or Certain Officers
Item 5.02 Departure of Directors or Certain Officers Eric Hoffman, a member of our board of directors, has resigned from the board effective December 27, 2024. Mr. Hoffman served on our board as a representative of Centerbridge Partners, L.P., a large private investment firm which, in 2021, invested $100 million into our subsidiary corporation, TypTap Insurance Group Inc. In January 2024, the company redeemed the $100 million of preferred shares held by Centerbridge in TypTap Insurance Group. Centerbridge no longer owns any interest in HCI or any of its subsidiaries. Hence, Mr. Hoffman has chosen to focus on other ventures. Mr. Hoffman's resignation is not due to any disagreement with the board or management. We wish to express thanks to Mr. Hoffman for his valuable contributions to HCI. 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: December 30, 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.