Universal Insurance Holdings, Inc. (NYSE:UVE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On January19, 2017, Universal Insurance Holdings, Inc. (Company)
increased the size of its Board of Directors (Board) to ten
members and the Board appointed Kimberly D. Cooper, the Companys
Chief Information Officer and Chief Administrative Officer, as a
director of the Company. It is not yet known to which
committee(s) of the Board Ms.Cooper will be appointed.
There is no arrangement or understanding between Ms.Cooper and
any other person to which she was appointed as a director of the
Company. There is no transaction to which the Company is a
participant and in which Ms.Cooper has a direct or indirect
material interest that would be required to be disclosed under
Item404(a) of Regulation S-K. There is no material plan, contract
or arrangement (whether or not written) to which Ms.Cooper is a
party or in which she participates that was entered into in
connection with her appointment as a director.
| ITEM7.01 | Regulation FD Disclosure |
On January24, 2017, the Company issued a press release announcing
the addition of Ms.Cooper to the Board, a copy of which is
furnished as Exhibit 99.1 hereto.
The information in this Item7.01, including Exhibit 99.1, is
being furnished and shall not be deemed filed for purposes of
Section18 of the Securities Exchange Act of 1934, as amended, or
otherwise subject to the liabilities of that section, nor shall
it be deemed incorporated by reference into any filing under the
Securities Act of 1933, as amended, or the Securities Exchange
Act of 1934, as amended, whether made before or after the date
hereof, except as expressly set forth by specific reference in
such filing.
| ITEM9.01 | Financial Statements and Exhibits |
| (d) | Exhibits: |
| 99.1 | Press Release dated January24, 2017 |
About Universal Insurance Holdings, Inc. (NYSE:UVE)
Universal Insurance Holdings, Inc. (UVE) is a private personal residential homeowners insurance company in Florida. The Company performs substantially all aspects of insurance underwriting, policy issuance, general administration, and claims processing and settlement internally. The Company writes personal residential homeowners insurance policies, predominantly in Florida. The Company also writes homeowners insurance policies in Delaware, Georgia, Hawaii, Indiana, Maryland, Massachusetts, Minnesota, North Carolina, Pennsylvania and South Carolina. The Company is also licensed to issue policies in Alabama, Michigan, New Hampshire, Virginia and West Virginia. It has a distribution network of approximately 7,800 licensed independent agents. Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC, and together with UPCIC, the Insurance Entities) are its insurance operating subsidiaries. Universal Insurance Holdings, Inc. (NYSE:UVE) Recent Trading Information
Universal Insurance Holdings, Inc. (NYSE:UVE) closed its last trading session up +0.55 at 27.60 with 169,120 shares trading hands.
