UNITED INSURANCE HOLDINGS CORP. (NASDAQ:UIHC) Files An 8-K Other EventsItem 8.01 Discretionary Disclosure.
Board Committee Appointments
On May 8, 2017, the United Insurance Holdings Corp, (UIHC) Board of Directors approved the Corporate Governance and Nominating Committee's recommendations for the appointment of directors to the Board Committees as identified below.
Compensation
Kent Whittemore, Chairman
Alec Poitevint
Sherrill Hudson
Audit
Sherrill Hudson, Chairman
Patrick Maroney
Kern Davis, M.D.
Nominating & Corporate Governance
Kern Davis, M.D., Chairman
Kent Whittemore
Michael Hogan
Reinsurance
Gregory Branch, Chairman
John Forney
Daniel Peed
Finance & Investment
Alec Poitevint, Chairman
Bill Hood
Patrick Maroney
Marketing
Bill Hood, Chairman
Kern Davis, M.D.
Michael Hogan
The directors serving on the Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee meet all legal requirements for service on their respective committees, including the required expertise and independence.
Shareholder Rights Agreement
On August 7, 2017, the UIHC Board retired the Shareholder Rights Agreement by unanimous vote. The Agreement was not set to expire until July 20, 2022.
Lead Director
On August 7, 2017, the UIHC Board appointed Alec Poitevint as Lead Director by unanimous vote. The independent directors of a U.S. public company board are required to meet, not only as part of the full board, but also separately and apart from management and non-independent directors. This action by the Board will provide additional leadership and organization to that process.
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.
