HCI 8-K
HCI Group, Inc. (HCI)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
(Exact name of registrant as specified in its charter)
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Registrant’s telephone number, including area code:
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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:
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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 Compensatory Arrangements of Certain Officers
On December 11, 2025, our compensation committee awarded cash bonuses and established new annual salaries, effective January 1, 2026, to certain of our executives, including “named executive officers,” as set forth below.
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Base Salary |
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Cash Bonus |
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Name and Title |
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($) |
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($) |
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Paresh Patel, Chief Executive Officer |
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950,000 |
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3,200,000 |
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Karin Coleman, Chief Operating Officer |
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700,000 |
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250,000 |
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James Mark Harmsworth, Chief Financial Officer |
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625,000 |
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250,000 |
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Andrew L. Graham, General Counsel |
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450,000 |
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250,000 |
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Anthony Saravanos, President - Real Estate Division |
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400,000 |
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200,000 |
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The cash bonuses will be paid before December 31, 2025. In considering these awards, the compensation committee considered the advancement of numerous strategic initiatives during 2025.
In addition, Ms. Coleman, Mr. Harmsworth, and Mr. Graham were each awarded 1,251 shares of our common stock, which vest in equal installments over three years. Mr. Saravanos was awarded 621 shares of our common stock, which vest in equal installments over three years.
SIGNATURES
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.
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HCI GROUP, INC. |
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Date: December 19, 2025 |
By: |
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/s/ Andrew L. Graham |
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Andrew L. Graham General Counsel |