secwatch.observer — SEC 8-K summary
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Issuer:     HCI Group, Inc. (HCI)
CIK:        0001400810
Form:       8-K
Filed at:   2024-12-19T23:59:59+00:00
Accession:  0000950170-24-138498
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

HCI Group awards $2.4M bonus to CEO Paresh Patel; other exec bonuses total $875K
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- CEO Paresh Patel received cash bonus of $2,400,000 for 2024 performance.
- CFO James Harmsworth, COO Karin Coleman, and GC Andrew Graham each received $250,000.
- President of real estate division Anthony Saravanos received $125,000.
- Total executive cash bonuses awarded: $3,275,000.
- Compensation committee cited strategic initiatives and response to Hurricanes Debby, Helene, Milton.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400810/000095017024138498/0000950170-24-138498-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400810/000095017024138498/hci-20241216.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-138498

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