secwatch.observer — SEC 8-K summary
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Issuer:     Heritage Insurance Holdings, Inc. (HRTG)
CIK:        0001598665
Form:       8-K
Filed at:   2024-01-11T23:59:59+00:00
Accession:  0001193125-24-006610
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Heritage Insurance amends executive comp; CEO base salary cut 15% to $850K
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- CEO base salary reduced from $1M to $850K, target cash incentive raised to 120% of base.
- CFO base salary cut 16% to $800K; target cash incentive raised to 65% of base.
- President NBIC base salary cut 34% to $650K; target cash incentive raised to 19% of base.
- CAO base salary unchanged at $525K; target cash incentive raised to 30% of base.
- Shift from base salary to performance-based equity awards to align with shareholder interests.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598665/000119312524006610/0001193125-24-006610-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598665/000119312524006610/d710971d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-006610

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