Universal Insurance Holdings, Inc. (NYSE:UVE) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07
At the Annual Meeting, shareholders voted in favor of holding annual Say-on-Pay Votes. Accordingly, in light of this result and other factors considered by the Board, the Board determined that the Company will hold future Say-on-Pay Votes on an annual basis until the next required vote on the frequency of such Say-on-Pay Votes. The Company is required to hold the next advisory vote regarding the frequency of Say-on-Pay Votes no later than its 2023 annual shareholder meeting.
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.