UNITED INSURANCE HOLDINGS CORP. (NASDAQ:UIHC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On April 21, 2017, the Company and its President and Chief Executive Officer, Mr. John Forney, entered into an Amended and Restated Employment Agreement (“Agreement”), replacing the previous employment agreement which has been effective since June 8, 2012. The Agreement provides that the Company will employ Mr. Forney for a term that begins on the Effective Date and continues until the fifth (5^th) anniversary of the Effective Date. The Agreement will automatically renew for additional one-year terms unless either party provides 90 days’ written notice of such party’s intent to terminate Mr. Forney’s employment. to the Agreement, Mr. Forney will receive a minimum annual base salary of $1,000,000. In addition, the Agreement provides that Mr. Forney is eligible (1) to receive annual cash bonuses which are payable to executive management based on achievement of performance goals to be established for the Company’s executive management team by the Board, and (2) to participate in other benefits generally available to senior executives of the Company, including the Company’s long-term Executive Stock Based Incentive Plan. The Agreement also provides that Mr. Forney will be eligible to receive awards of restricted equity in the Company, as determined by the Company’s Compensation Committee and the Board.

The Agreement provides that upon the termination of Mr. Forney’s employment for any reason, Mr. Forney will be subject to customary non-competition and non-solicitation of employees covenants for a period of 24 months.

The foregoing description does not purport to be a complete description of the Agreement and is qualified by reference to the full text of such document, which is attached as Exhibit 10.1 to this Current Report on Form 8-K.

Item 9.01(d): Exhibits.

See the Exhibit Index set forth below for a list of exhibits included with this Current Report on Form 8-K.

About UNITED INSURANCE HOLDINGS CORP. (NASDAQ:UIHC)
United Insurance Holdings Corp. is a property and casualty insurance holding company that sources, writes and services residential property and casualty insurance policies using a network of agents and a group of insurance subsidiaries. The Company’s insurance subsidiary is United Property & Casualty Insurance Company. Its other subsidiaries include United Insurance Management, L.C., the managing general agent that manages substantially all aspects of United Property & Casualty Insurance Company’s business; Skyway Claims Services, LLC, which provides services to its insurance affiliate; UPC Re, which provides a portion of the reinsurance protection purchased by its insurance affiliate, and Family Security Holdings, LLC (FSH). The Company’s principal product is homeowners’ insurance, which it offers in Connecticut, Florida, Georgia, Hawaii, Louisiana, Massachusetts, New Jersey, North Carolina, Rhode Island, South Carolina and Texas. UNITED INSURANCE HOLDINGS CORP. (NASDAQ:UIHC) Recent Trading Information
UNITED INSURANCE HOLDINGS CORP. (NASDAQ:UIHC) closed its last trading session up +0.10 at 15.32 with 87,936 shares trading hands.