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UIHC > SEC Filings for UIHC > Form 8-K on 28-Feb-2014All Recent SEC Filings




Entry into a Material Definitive Agreement, Other Events, Financi

Item 1.01. Entry into a Material Definitive Agreement.

On February 27, 2014, United Insurance Holdings Corp. (the "Company") entered into an underwriting agreement with Raymond James & Associates, Inc., as representative of the underwriters named in Schedule I thereto (the "Underwriting Agreement"), pursuant to which the Company agreed to sell, and the underwriters agreed to purchase, 4,000,000 shares of the Company's common stock at a price to the public of $12.50 per share and an underwriting discount of $0.718 per share, resulting in net proceeds to the Company before estimated offering expenses of $11.782 per share, or approximately $47,128,000 in aggregate net proceeds to the Company before estimated offering expenses. The Company is using the net proceeds from the offering for general corporate purposes, including statutory capital in support of the Company's growth.

The foregoing description of the Underwriting Agreement is qualified in its entirety by reference to the Underwriting Agreement, a copy of which is filed herewith as Exhibit 1.1 and is incorporated by reference herein.

Item 8.01. Other Events.

On February 27, 2014, the Company issued a press release announcing the pricing of its common stock offering described above. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

In addition to the exhibits described above, a copy of the opinion of Foley & Larder LLP relating to the common stock offered in the above-described offering is attached hereto as Exhibit 5.1.

Item 9.01. Financial Statements and Exhibits.

See the Exhibit Index set forth below for a list of exhibits included with this Current Report on Form 8-K.

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