Business Context and Reporting Period
This Form 8-K was filed by Homeowners Choice, Inc. (not HCI Group, Inc.) on May 24, 2010, reporting events from its 2010 Annual Meeting of Shareholders held on May 20, 2010. The company is incorporated in Florida and is headquartered in Clearwater, Florida.
Key Financial Metrics
This filing is a current report regarding corporate governance and does not contain financial statements. Consequently, data regarding revenue, profit, cash flow, margins, debt, and liquidity are not provided in this document.
Material Changes
The filing reports the results of shareholder votes rather than financial changes. The material events include the re-election of three Class B directors and the ratification of the independent registered public accounting firm.
Management Commentary and Governance Results
Two matters were voted upon at the Annual Meeting:
- Election of Directors: George Apostolou, Paresh Patel, and Gregory Politis were re-elected to the Board of Directors.
- Auditor Ratification: Shareholders ratified the appointment of Hacker, Johnson & Smith P.A. as the independent registered public accounting firm for the year ending December 31, 2010.
Voting Results for Directors:
| Director Nominee | Votes For | Votes Withheld |
|---|---|---|
| George Apostolou | 1,873,744 | 7,755 |
| Paresh Patel | 1,840,092 | 41,407 |
| Gregory Politis | 1,840,105 | 41,394 |
Voting Results for Auditor Ratification:
| Matter | For | Against | Abstain |
|---|---|---|---|
| Ratification of Hacker, Johnson & Smith P.A. | 4,291,409 | 6,337 | 4,655 |
Investor Verification Checklist
- Verify the correct registrant name is Homeowners Choice, Inc., as the input metadata referenced "HCI Group, Inc."
- Confirm the re-election of the three Class B directors (Apostolou, Patel, Politis) in subsequent proxy statements.
- Review the company's 10-K or 10-Q filings for the fiscal year ending December 31, 2010, to obtain financial metrics absent from this 8-K.
- Note that the filing was signed by Richard R. Allen, Chief Financial Officer, on May 24, 2010.