Business Context and Reporting Period
This Form 8-K filing by United Insurance Holdings Corp. (noting the input metadata reference to American Coastal Insurance Corp.) reports on the results of the 2016 Annual Meeting of Stockholders held on May 5, 2016. The registrant is incorporated in Delaware with principal executive offices in Saint Petersburg, FL.
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.
Material Changes and Voting Results
All three proposals submitted to stockholders were approved and adopted. The specific voting outcomes were:
- Proposal 1 (Election of Class B Directors): Four directors were elected for a two-year term expiring at the 2018 Annual Meeting.
- Kern M. Davis, M.D.: 12,179,897 For; 2,340,264 Withheld; 4,372,734 Broker Non-Votes.
- William H. Hood, III: 21,392,044 For; 2,128,117 Withheld; 4,372,734 Broker Non-Votes.
- Sherill W. Hudson: 12,495,127 For; 2,025,034 Withheld; 4,372,734 Broker Non-Votes.
- Alec L. Poitevint, II: 12,496,296 For; 2,023,865 Withheld; 4,372,734 Broker Non-Votes.
- Proposal 2 (Ratification of Auditors): RSM US, LLP was ratified as the independent registered public accounting firm for 2016.
- Results: 18,714,675 For; 18,531 Against; 159,689 Abstained.
- Proposal 3 (Advisory Vote on Executive Compensation): The compensation of named executive officers was approved.
- Results: 13,073,234 For; 1,406,532 Against; 40,393 Abstained; 4,372,736 Broker Non-Votes.
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 correct registrant name (United Insurance Holdings Corp. vs. American Coastal Insurance Corp.) in subsequent filings.
- Confirm the tenure of the newly elected Class B Directors (Kern M. Davis, William H. Hood, III, Sherill W. Hudson, Alec L. Poitevint, II) through the 2018 Annual Meeting.
- Review the 2016 Annual Report (10-K) for the financial performance data absent from this 8-K.
- Monitor future filings for any changes to the independent auditor (RSM US, LLP) or executive compensation policies.