Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 29, 2020, United Insurance Holdings Corp. (the "Company") appointed B.
Bradford Martz as the Company's President. Mr. Martz, 49, has served as Chief
Financial Officer of the Company since October 2012 and will continue in both
roles going forward.
The Compensation Committee of the Board of Directors of the Company approved an
increase in Mr. Martz's base salary to $450,000 from $412,000, an increase in
his Annual Incentive Plan ("AIP") target award to $330,000 from $275,000 and an
increase in his Long-Term Incentive Plan ("LTIP") target award to $410,000 from
$353,000. Changes to Mr. Martz's base salary and target AIP award will be
effective July 1, 2020, and the increase to his target LTIP award will be
implemented for the fiscal 2021 grant cycle.
Item 7.01 Regulation FD Disclosure.
The Company issued a press release on July 6, 2020 announcing the appointment
described above. A copy of the press release is furnished hereto as Exhibit
99.1. The information provided pursuant to this Item 7.01, including Exhibit
99.1, is being furnished and shall not be deemed "filed" for purposes of Section
18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or
otherwise subject to the liabilities under that Section and shall not be deemed
incorporated by reference into any filing of the Company under the Securities
Act of 1933, as amended, or the Exchange Act, except as shall be expressly set
forth by specific reference in any such filing.
Item 9.01 Financial Statements and Exhibits.
Exhibit
No. Description
99.1 Press Release, dated as of July 6, 2020
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
UNITED INSURANCE HOLDINGS CORP.
July 6, 2020 By: /s/ Brad S. Kalter
Brad S. Kalter
General Counsel, Chief Legal Officer and Corporate Secretary
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