HCI GROUP, INC. Form 8-K Filing
On December 11, 2025, HCI GROUP, INC. announced adjustments to executive compensation. The compensation committee approved new annual salaries and cash bonuses for several executives, effective January 1, 2026. Paresh Patel, CEO, will receive a base salary of $950,000 and a cash bonus of $3,200,000. Karin Coleman, COO, will have a base salary of $700,000 and a $250,000 bonus. James Mark Harmsworth, CFO, will receive a $625,000 base salary and a $250,000 bonus. Andrew L. Graham, General Counsel, will have a $450,000 base salary and a $250,000 bonus. Anthony Saravanos, President of the Real Estate Division, will receive a $400,000 base salary and a $200,000 bonus. The cash bonuses are to be paid by December 31, 2025. Additionally, stock awards were granted: Ms. Coleman, Mr. Harmsworth, and Mr. Graham each received 1,251 shares, vesting over three years, and Mr. Saravanos received 621 shares, also vesting over three years. These decisions were made in consideration of the company's strategic initiatives in 2025.