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HCI > SEC Filings for HCI > Form 8-K on 20-Feb-2014All Recent SEC Filings

Show all filings for HCI GROUP, INC.

Form 8-K for HCI GROUP, INC.


20-Feb-2014

Other Events


Item 8.01 Other Events

On February 18, 2014, we announced via news release that we plan voluntarily to delist our 7% Series A, cumulative redeemable preferred shares (NASDAQ:HCIIP) from the NASDAQ Capital Market. A copy of the news release appears as Exhibit 99.1 to this form 8-K.

Previously, on Feb. 4, 2014, we announced that the conversion privilege of the Series A preferred shares would be cancelled on April 1, 2014. Given that cancellation and the current quarterly common dividend rate of 27.5 cents per share versus a monthly preferred dividend rate of 5.833 cents per share, we anticipate preferred share conversions to common shares will result in the number of preferred shareholders dropping below the number necessary to maintain a listing on the NASDAQ Capital Market.

Item 9.01 Exhibits.

Exhibit 99.1 News Release


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