HCI Group, Inc. (NYSE:HCI) Files An 8-K Entry into a Material Definitive Agreement
Item1.01.
| Entry into a Material Definitive Agreement. |
On April18, 2017, HCI Group, Inc. (the Company) entered into an
amendment (the Amendment) to the Rights Agreement, dated as of
October18, 2013 (the Rights Agreement), between the Company and
American Stock Transfer Trust Company, LLC, as rights agent.
The Amendment accelerates the scheduled expiration date of the
Rights issued to the Rights Agreement to April18, 2017.
Accordingly, as of 5:00 p.m., Tampa, Florida time, on April18,
2017 the Rights issued to the Rights Agreement expired and will
no longer be outstanding and the Rights Agreement has terminated.
The foregoing summary of the Amendment is a general description
only, does not purport to be complete and is qualified in its
entirety by the full text of the Amendment, which is filed as
Exhibit 4.1 to this Current Report on Form 8-K, and is
incorporated herein by reference.
| Item1.02. |
Termination of a Material Definitive Agreement. |
The information set forth under Item 1.01 is incorporated herein
by reference.
| Item3.03. |
Material Modification to Rights of Security Holders. |
The information set forth under Item1.01 is incorporated herein
by reference.
| Item8.01. | Other Events. |
On April24, 2017, the Company issued a news release announcing
the Amendment. A copy of the news release is attached as Exhibit
99.1 to this Current Report on Form 8-K and incorporated herein
by reference.
| Item9.01. | Financial Statements and Exhibits. |
| (d) |
Exhibits. The following exhibits are being filed herewith: |
|
Exhibit Number |
Description |
|
| 4.1 |
Amendment, dated as of April 18, 2017, to this Current Report on Form 8-K, to the Rights Agreement, by and between the Company and American Stock Transfer Trust Company, LLC, dated as of October18, 2013. |
|
| 99.1 | Press release, dated April24, 2017 issued by the Company. |
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. HCI Group, Inc. (NYSE:HCI) Recent Trading Information
HCI Group, Inc. (NYSE:HCI) closed its last trading session up +0.27 at 45.62 with 56,429 shares trading hands.
