Business Context and Reporting Period
This Form 8-K filing by United Insurance Holdings Corp. (referenced as American Coastal Insurance Corp. in metadata) reports on the 2018 Annual Meeting of Stockholders held on May 8, 2018. The filing details the results of two proposals submitted to security holders for a vote.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting results rather than financial performance data.
Material Changes and Voting Results
Two proposals were approved and adopted at the meeting. A total of 41,098,384 shares were present in person or by proxy out of 42,745,937 shares entitled to vote.
Proposal 1: Election of Class B Directors
The following directors were elected for a two-year term expiring at the 2020 Annual Meeting:
- Alec L. Poitevint, II: 29,502,003 For; 5,819,985 Withheld; 5,769,359 Broker Non-Votes.
- Kern M. Davis, M.D.: 34,184,312 For; 1,144,713 Withheld; 5,769,359 Broker Non-Votes.
- William H. Hood, III: 34,961,491 For; 367,534 Withheld; 5,769,359 Broker Non-Votes.
- Sherrill W. Hudson: 29,521,149 For; 5,807,876 Withheld; 5,769,359 Broker Non-Votes.
- Patrick F. Maroney: 34,959,491 For; 369,534 Withheld; 5,769,359 Broker Non-Votes.
Proposal 2: Ratification of Independent Auditor
The appointment of RSM US, LLP as the independent registered public accounting firm for the fiscal year ended December 31, 2018, was ratified.
- For: 40,258,562
- Against: 365,193
- Abstained: 474,629
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the term expiration dates for the newly elected Class B Directors (2020 Annual Meeting).
- Confirm the engagement of RSM US, LLP for the fiscal year ending December 31, 2018.
- Note the significant number of broker non-votes (5,769,359) recorded for the director elections.
- Review the company's most recent 10-K or 10-Q for financial metrics not included in this 8-K.