secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL INSURANCE HOLDINGS, INC. (UVE)
CIK:        0000891166
Form:       8-K
Filed at:   2024-01-03T23:59:59+00:00
Accession:  0000891166-24-000004
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UVE enters new employment agreements with CAO and CFO effective Jan 1, 2024
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- Campos (CAO/CIO): base salary $375K, annual bonus target $125K, RSU target $150K.
- Wilcox (CFO): base salary $600K, annual bonus target $350K, RSU target $300K.
- Both agreements run from Jan 1, 2024 to Dec 31, 2025.
- Termination without Cause: 50% of base salary plus pro rata bonus and 6 months COBRA.
- Non-compete, non-solicitation, and confidentiality apply for 12 months post-termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/891166/000089116624000004/0000891166-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/891166/000089116624000004/uve-20231229.htm
  HTML page:      https://secwatch.observer/filing/0000891166-24-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer