secwatch.observer — SEC 8-K summary
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Issuer:     HCI Group, Inc. (HCI)
CIK:        0001400810
Form:       8-K
Filed at:   2023-07-07T23:59:59+00:00
Accession:  0000950170-23-032264
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HCI subsidiary TypTap amends articles to authorize new preferred and common shares for exchange by investor
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- TypTap authorized 1M additional shares of nonvoting Series A-2 Preferred Stock and 1M shares of non-voting Common Stock.
- CB Snowbird Holdings exchanged 1M shares of TTIG Series A-1 Preferred for equal number of Series A-2 Preferred; net shares unchanged.
- Amendment enables exchange of Series A-1 for Series A-2, with Series A-2 carrying no voting rights.
- No change in total issued and outstanding shares of TTIG capital stock following the exchange.
- Exhibit 10.1 details rights of Series A Preferred including dividends, liquidation preference, and conversion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400810/000095017023032264/0000950170-23-032264-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400810/000095017023032264/hci-20230630.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-032264

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