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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): December 27, 2024

HCI GROUP, INC.

(Exact name of registrant as specified in its charter)

 

 

 

 

 

Florida

01-34126

20-5961396

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification Number)

 

3802 Coconut Palm Drive

Tampa, Florida 33619

(Address of Principal Executive Offices)

Registrant’s telephone number, including area code:

(813) 405-3600

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrants under any of the following provisions (see General Instruction A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

 

 

 

 

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock

HCI

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

Item 5.02 Departure of Directors or Certain Officers

 

Eric Hoffman, a member of our board of directors, has resigned from the board effective December 27, 2024. Mr. Hoffman served on our board as a representative of Centerbridge Partners, L.P., a large private investment firm which, in 2021, invested $100 million into our subsidiary corporation, TypTap Insurance Group Inc. In January 2024, the company redeemed the $100 million of preferred shares held by Centerbridge in TypTap Insurance Group. Centerbridge no longer owns any interest in HCI or any of its subsidiaries. Hence, Mr. Hoffman has chosen to focus on other ventures. Mr. Hoffman’s resignation is not due to any disagreement with the board or management.

We wish to express thanks to Mr. Hoffman for his valuable contributions to HCI.

 

 

 

 

 

 

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Dated: December 30, 2024.

 

 

 

HCI GROUP, INC.

 

 

BY:

/s/ Andrew L. Graham

 

Name: Andrew L. Graham

Title: General Counsel

A signed original of this Form 8-K has been provided to HCI Group, Inc. and will be retained by HCI Group, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

 

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Dec. 27, 2024
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HCI (NYSE:HCI)
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