---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-003653"
form_type: "8-K"
ticker: "HCI"
cik: "0001400810"
company_name: "HCI Group, Inc."
filed_at: "2024-01-10T23:59:59+00:00"
generated_at: "2026-06-07T00:53:02.254998+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# HCI Group redeems remaining $24M convertible notes; expects conversion to equity by March 15

## Summary
- Redeemed remaining $24M principal of 4.25% Convertible Senior Notes due 2037; redemption date March 15, 2024.
- Conversion rate set at 16.5893 common shares per $1,000 principal; no impact on diluted share count expected.
- CEO says move simplifies balance sheet and reduces debt-to-capital ratio; company maintains significant liquidity.
- Notes became convertible due to share price trigger; conversion expected from all holders.

## SEC filing metadata
- accession: 0000950170-24-003653
- form_type: 8-K
- ticker: HCI
- cik: 0001400810
- company_name: HCI Group, Inc.
- filed_at: 2024-01-10T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1400810/000095017024003653/0000950170-24-003653-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1400810/000095017024003653/hci-20240105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-003653
- JSON: https://secwatch.observer/filing/0000950170-24-003653.json
- Plain text: https://secwatch.observer/filing/0000950170-24-003653.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.