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HCI > SEC Filings for HCI > Form 8-K on 29-Aug-2013All Recent SEC Filings

Show all filings for HCI GROUP, INC.

Form 8-K for HCI GROUP, INC.


Entry into a Material Definitive Agreement, Other Events

Item 1.01 Entry into a Material Definitive Agreement

On August 29, 2013, we entered into a Restricted Stock Award Contract with Anthony Saravanos, who is a director of the company and the president of our Greenleaf Capital real estate division (See Item 8.01 Other Events below). Under the contract, Mr. Saravanos was awarded 10,000 common shares. The shares are subject to (i) forfeiture upon termination of service as an employee and
(ii) restrictions on transfer. Lapse of the risk of forfeiture and the restrictions depends upon the Mr. Saravanos meeting certain performance goals relating to the acquisition of real property. The shares were granted pursuant to our 2012 Omnibus Incentive Plan.

Item 8.01 Other Events

Our board member, Anthony Saravanos, has agreed to serve as president of our Greenleaf Capital real estate division beginning August 26, 2013. He replaces Sanjay Madhu who resigned in June after serving in that position since its inception. Greenleaf Capital manages the company's real estate holdings and operations.

Mr. Saravanos has considerable real estate experience. Since 2005, he has been vice president of The Boardwalk Company, a full-service commercial real estate company located in Palm Harbor, Florida. Since 2001, he has been managing partner of several commercial property entities with a combined total of 13 properties in Florida and New York. Mr. Saravanos is a licensed real estate broker and a Certified Commercial Investment Member (CCIM). He has received the Million Dollar Producer award from the Florida Gulfcoast Commercial Association of Realtors nine times, including Pinnacle Awards of #1 Top Producer for 2010 in the General Brokerage category and # 2 Top Producer in 2011 in the investments category.

Item 9.01 Exhibits.

Exhibit 10.52 Restricted Stock Award Contract of Anthony Saravanos

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