UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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.
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HCI GROUP, INC. |
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BY: |
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/s/ Andrew L. Graham |
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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.