HCI Group, Inc. (NYSE:HCI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

HCI Group, Inc. (NYSE:HCI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Compensatory Arrangements of Certain Officers

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On April17, 2018, our compensation committee established new annual salaries for certain of our executives, including “named executive officers,” as set forth below. No adjustment was made to the salary of the chief executive officer, Paresh Patel.

Name and office

Annual Salary

Karin Coleman, executive vice president

$ 225,000

Andrew L. Graham, general counsel

$ 250,000

James Mark Harmsworth, chief financial officer

$ 320,000

Anthony Saravanos, president—real estate division

$ 225,000


About HCI Group, Inc. (NYSE:HCI)

HCI Group, Inc. (HCI) is a holding company. The Company is engaged in providing property and casualty insurance to homeowners, condominium owners, and tenants in the state of Florida through its subsidiaries. The Company operates through property and casualty insurance operations segment. The Company’s operations include Insurance Operations and Other Operations. The Company’s Insurance Operations include property and casualty insurance, and reinsurance. HCI’s Other Operations include information technology (IT) and real estate. The Company, through its subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc., provides property and casualty insurance. Its real estate operations consist of properties it owns, operations located at those owned properties and investments in approximately three commercial development projects. Its IT operations are focused on developing cloud-based products or services, including Exzeo, Proplet and Atlas Viewer.

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