Securities Registration: Employee Benefit Plan (s-8)
January 26 2017 - 4:36PM
Edgar (US Regulatory)
As filed with the Securities and Exchange Commission on January 26, 2017
Registration
No. 333-
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION
STATEMENT
UNDER
THE SECURITIES ACT OF 1933
UNIVERSAL
INSURANCE HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
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Delaware
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65-0231984
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(State or other jurisdiction of
incorporation or organization)
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(I.R.S. Employer
Identification No.)
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1110 West Commercial Boulevard
Fort Lauderdale, Florida
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33309
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(Address of principal executive offices)
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(Zip Code)
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UNIVERSAL INSURANCE HOLDINGS, INC.
2009 OMNIBUS INCENTIVE PLAN, AS AMENDED AND RESTATED
(Full title of the plan)
Sean P. Downes
Chief
Executive Officer
1110 West Commercial Boulevard
Fort Lauderdale, Florida 33309
Telephone (954) 958-1200
Facsimile (954) 958-1202
(Name, address, telephone number, including area code, of agent for service)
with a copy to:
Alissa A. Parisi, Esq.
K&L Gates LLP
1601 K
Street, NW
Washington, DC 20006
Telephone (202) 778-9000
Facsimile (202) 778-9100
Indicate by
check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of large accelerated filer, accelerated filer and
smaller reporting company in Rule 12b-2 of the Exchange Act.
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Large accelerated filer
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☒
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Accelerated filer
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☐
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Non-accelerated filer
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☐ (Do not check if a smaller reporting company)
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Smaller reporting company
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☐
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CALCULATION OF REGISTRATION FEE
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Title of securities
to be registered
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Amount
to be
registered
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Proposed
maximum
offering price
per share
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Proposed
maximum
aggregate
offering price
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Amount of
registration fee
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Common Stock, par value $0.01 per share(1)
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3,375,219
shares
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$27.28(2)
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$92,075,974.32
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$10,671.61
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(1)
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This Registration Statement registers an additional 3,375,219 shares of common stock of Universal Insurance
Holdings, Inc. (the Company) issuable pursuant to the Companys 2009 Omnibus Incentive Plan, as amended and restated (the Incentive Plan). This Registration Statement also covers an indeterminate number of additional
shares of common stock that become issuable under the Incentive Plan as a result of stock splits, stock dividends or similar transactions in accordance with Rule 416 under the Securities Act of 1933, as amended (the Securities Act).
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(2)
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Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and
(h) under the Securities Act. The fee is calculated on the basis of the average of the high and low prices for the Companys common stock reported on the NYSE on January 20, 2017.
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EXPLANATORY NOTE
Universal Insurance Holdings, Inc. (the Company) has filed this Registration Statement to register under the
Securities Act of 1933, as amended (the Securities Act), the offer and sale of 3,375,219 shares of the Companys common stock, $0.01 par value per share (the Common Stock), pursuant to the Companys 2009 Omnibus
Incentive Plan, as amended and restated (the Incentive Plan). All such shares were returned to the Incentive Plan upon the (i) termination or forfeiture of stock-based awards as provided under the Incentive Plan; or
(ii) surrendering or withholding of shares in payment or satisfaction of the purchase price of options or tax withholding obligations with respect to stock-based awards as provided under the Incentive Plan.
On (i) December 8, 2009, the Company filed a registration statement on Form S-8 (File No. 333-163564) (the
Original Registration Statement) with the Securities and Exchange Commission (the Commission) to register the offer and sale of 1,800,000 shares of Common Stock pursuant to the Incentive Plan; (ii) May 11, 2011, the
Company filed a registration statement on Form S-8 (File No. 333-174125) (the Second Registration Statement) with the Commission to register the offer and sale of, among other things, an additional 2,400,000 shares of Common Stock
pursuant to the Incentive Plan; (iii) June 8, 2012, the Company filed a registration statement on Form S-8 (File No. 333-181994) (the Third Registration Statement) with the Commission to register the offer and sale of an
additional 3,000,000 shares of Common Stock pursuant to the Incentive Plan; (iv) June 6, 2013, the Company filed a registration statement on Form S-8 (File No. 333-189122) (the Fourth Registration Statement) with the
Commission to register the offer and sale of an additional 3,000,000 shares of Common Stock pursuant to the Incentive Plan; and (v) May 5, 2015, the Company filed a registration statement on Form S-8 (File No. 333-203866) (the
Fifth Registration Statement) with the Commission to register the offer and sale of an additional 1,000,000 shares of Common Stock pursuant to the Incentive Plan. The Original Registration Statement, Second Registration Statement, Third
Registration Statement, Fourth Registration Statement and Fifth Registration Statement are collectively referred to herein as the Earlier Registration Statement. Pursuant to General Instruction E to Form S-8, Part I and Items 4, 5, 6 and
7 of Part II of the Earlier Registration Statement are incorporated herein by reference.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3.
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INCORPORATION OF DOCUMENTS BY REFERENCE
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The Company hereby incorporates
by reference the following documents filed with the Commission:
(a)
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our Annual Report on Form 10-K for the fiscal year ended December 31, 2015, filed with the Commission on
February 24, 2016;
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(b)
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our Quarterly Reports on Form 10-Q for the quarterly period ended March 31, 2016, filed with the
Commission on May 9, 2016; for the quarterly period ended June 30, 2016, filed with the Commission on August 4, 2016; and for the quarterly period ended September 30, 2016, filed with the Commission on November 4, 2016;
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(c)
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our Current Reports on Form 8-K filed with the Commission on January 14, 2016; January 19,
2016; March 15, 2016; April 13, 2016; April 29, 2016; June 3, 2016; June 9, 2016; June 13, 2016; August 31, 2016; November 7, 2016; November 15, 2016; January
23, 2017; and January 24, 2017; and
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(d)
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the description of our capital stock contained in our registration statement on Form 8-A filed with the
Commission on January 11, 2007, including any amendment or report filed for the purpose of updating such description.
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Except
as
indicated
otherwise,
all
documents subsequently filed by
the Company with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act prior to the filing of a post-effective amendment, which indicates that all securities offered have been
sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be part hereof from the date such documents are filed; provided, however, that the Registrant is not incorporating by
reference any information furnished (but not filed) under Item 2.02 or Item 7.01 of any Current Report on Form 8-K. Each document incorporated by reference into this registration statement shall be deemed to be a part of this registration
statement from the date of filing of such document with the Commission until the information contained therein is modified or superseded by any subsequently filed document which is incorporated by reference into this registration statement or, as
applicable, by any document which constitutes part of the prospectus relating to our Incentive Plan meeting the requirements of Section 10(a) of the Securities Act. Any such statement so modified or superseded shall not be deemed to constitute
a part of this registration statement, except as so modified or superseded.
See the attached Exhibit Index, which is incorporated herein
by reference.
II-1
(a) The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration
statement:
(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the
most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of
securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with
the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the Calculation of Registration Fee table in the
effective registration statement;
(iii) To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to such information in the registration statement;
provided, however
, that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the information required to
be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to section 13 or section 15(d) of the Exchange Act that are incorporated by reference in the
registration statement.
(2) That, for the purpose of determining any liability under the Securities Act,
each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering
thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities being
registered which remain unsold at the termination of the offering.
(b) The undersigned registrant hereby undertakes that,
for the purposes of determining any liability under the Securities Act, each filing of the registrants annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit
plans annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c) Insofar as
indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the
opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the
registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the
securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against
public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable
grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Fort Lauderdale, State of
Florida, on
January 19
, 2017.
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UNIVERSAL INSURANCE HOLDINGS, INC.
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By:
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/s/ Sean P. Downes
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Sean P. Downes
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Chief Executive Officer
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Pursuant to the requirements of the Securities Act of 1933, as amended, this
Registration Statement has been signed below by the following persons in the capacities and on the date indicated. Each person whose signature appears below in so signing also makes, constitutes and appoints Sean P. Downes and Frank C. Wilcox, and
each of them acting alone, his or her true and lawful attorney-in-fact, with full power of substitution, for him or her in any and all capacities, to execute and cause to be filed with the Securities and Exchange Commission any and all amendments
and post-effective amendments to this Registration Statement, with exhibits thereto and other documents in connection therewith, and hereby ratifies and confirms all that said attorney-in-fact or his substitute or substitutes may do or cause to be
done by virtue hereof.
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Signatures
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Title
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Date
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/s/ Sean P. Downes
Sean P. Downes
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Chief Executive Officer and Director
(Principal
Executive Officer)
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January 19, 2017
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/s/ Jon W. Springer
Jon W. Springer
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President, Chief Risk Officer and Director
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January 19, 2017
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/s/ Frank C. Wilcox
Frank C. Wilcox
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Chief Financial Officer (Principal Financial
Officer and Principal Accounting Officer)
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January 19, 2017
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/s/ Scott P. Callahan
Scott P. Callahan
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Director
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January 19, 2017
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/s/ Darryl L. Lewis
Darryl L. Lewis
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Director
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January 19, 2017
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/s/ Ralph J. Palmieri
Ralph J. Palmieri
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Director
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January 19, 2017
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/s/ Richard D. Peterson
Richard D. Peterson
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Director
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January 19, 2017
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/s/ Michael A. Pietrangelo
Michael A. Pietrangelo
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Director
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January 19, 2017
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/s/ Ozzie A. Schindler
Ozzie A. Schindler
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Director
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January 19, 2017
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/s/ Joel M. Wilentz, M.D.
Joel M. Wilentz, M.D.
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Director
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January 19, 2017
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II-3
EXHIBIT INDEX
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Exhibit
Number
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Description
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4.1
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Form of Common Stock Certificate
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5.1
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Opinion of K&L Gates LLP
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15.1
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Accountants Acknowledgment
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23.1
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Consent of independent registered public accounting firm, Plante & Moran, PLLC
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23.2
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Consent of K&L Gates LLP (included in the opinion filed as Exhibit 5.1)
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24.1
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Powers of Attorney (included on the signature page hereto)
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