HCI Group, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by HCI Group, Inc. on April 17, 2018. The filing addresses Item 5.02 regarding compensatory arrangements for certain officers.
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 executive compensation adjustments.
Material Changes
On April 17, 2018, the compensation committee established new annual salaries for specific executives. No adjustment was made to the salary of the Chief Executive Officer, Paresh Patel. The updated salaries are as follows:
- Karin Coleman, Executive Vice President: $225,000
- Andrew L. Graham, General Counsel: $250,000
- James Mark Harmsworth, Chief Financial Officer: $320,000
- Anthony Saravanos, President—Real Estate Division: $225,000
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items beyond the salary adjustments noted above.
Key Facts for Investor Verification
- Verify the effective date of the new executive salaries (April 17, 2018).
- Confirm that the CEO's compensation remained unchanged.
- Review the total annual compensation impact of these adjustments against the company's overall payroll budget.