Business Context and Reporting Period
This Form 8-K is a current report filed by Homeowners Choice, Inc. (not HCI Group, Inc.) on May 25, 2011. The filing documents the results of the company's 2011 Annual Meeting of Shareholders held on the same date.
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 matters and does not contain financial performance data.
Material Changes
No material financial changes are reported in this filing. The document details the outcomes of shareholder votes regarding board composition and auditor ratification.
Corporate Governance and Voting Results
Two matters were voted upon at the Annual Meeting:
- Election of Class C Directors: Sanjay Madhu and Anthony Saravanos 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, 2011.
Voting Breakdown
| Director Nominee | Votes For | Votes Withheld |
|---|---|---|
| Sanjay Madhu | 1,634,731 | 71,728 |
| Anthony Saravanos | 1,705,745 | 714 |
| Matter | Votes For | Votes Against | Votes Abstain |
|---|---|---|---|
| Ratification of Hacker, Johnson & Smith P.A. | 4,870,798 | 1,296 | 6,714 |
Investor Verification Checklist
- Verify the correct registrant name is Homeowners Choice, Inc., not HCI Group, Inc.
- Confirm the re-election of Sanjay Madhu and Anthony Saravanos to the Board of Directors.
- Review the significant margin of votes for the ratification of the independent auditor.
- Note that this filing contains no financial data; refer to the most recent 10-K or 10-Q for financial metrics.