Current Report Filing (8-k)
April 13 2015 - 4:14PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
April 13, 2015
Date
of report (Date of earliest event reported)
Universal Insurance Holdings, Inc.
(Exact name of registrant as specified
in its charter)
|
|
|
|
|
Delaware |
|
001-33251 |
|
65-0231984 |
(State or other jurisdiction
of incorporation or organization) |
|
(Commission file number) |
|
(IRS Employer
Identification No.) |
1110 W. Commercial Boulevard, Fort Lauderdale, Florida 33309
(Address of Principal Executive Offices)
Registrants telephone number, including area code: (954) 958-1200
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
¨ |
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425). |
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12). |
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)). |
¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)). |
ITEM 8.01 Other Events
On April 13, 2015, Universal Insurance Holdings, Inc. (Company) announced that its Board of Directors declared a cash dividend on the
Companys common stock of $0.12 per share, payable on July 2, 2015 to shareholders of record on June 18, 2015. The Company previously announced that it expects to declare and pay a proposed regular quarterly dividend during fiscal
year 2015 of $0.12 per share of the Companys common stock.
The announcement, a copy of which is attached hereto as Exhibit 99.1, is incorporated
herein by reference.
ITEM 9.01 Financial Statements and Exhibits
99.1 |
Press Release dated April 13, 2015 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
|
|
|
|
|
|
Date: April 13, 2015 |
|
|
|
|
|
UNIVERSAL INSURANCE HOLDINGS, INC. |
|
|
|
|
|
|
|
|
|
|
/s/ Sean P. Downes |
|
|
|
|
|
|
Sean P. Downes |
|
|
|
|
|
|
President and Chief Executive Officer |
Exhibit 99.1
FOR IMMEDIATE RELEASE
UNIVERSAL INSURANCE HOLDINGS, INC. ANNOUNCES QUARTERLY
DIVIDEND OF $0.12 PER SHARE
Fort
Lauderdale, FL, April 13, 2015 Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that its Board of Directors declared a cash dividend of $0.12 per share of common stock to be paid on July 2,
2015 to shareholders of record on June 18, 2015. If declared and paid as intended, the annual aggregate dividend in 2015 will be $0.48 for each common share.
The declaration and payment of future dividends is subject to the Boards discretion and will be dependent upon future earnings, cash flows, financial
requirements, and other factors.
About Universal Insurance Holdings, Inc.
Universal Insurance Holdings, Inc., with its wholly-owned subsidiaries, is a vertically integrated insurance holding company performing all aspects of
insurance underwriting, distribution and claims. Universal Property & Casualty Insurance Company (UPCIC), a wholly-owned subsidiary of the Company, is one of the leading writers of homeowners insurance in Florida and is now fully licensed
and has commenced its operations in North Carolina, South Carolina, Hawaii, Georgia, Massachusetts, Maryland, Delaware and Indiana. American Platinum Property and Casualty Insurance Company, also a wholly-owned subsidiary, currently writes
homeowners multi-peril insurance on Florida homes valued in excess of $1 million, which are limits and coverages currently not targeted through its affiliate UPCIC. For additional information on the Company, please visit our investor relations
website at www.universalinsuranceholdings.com.
Forward-Looking Statements and Risk Factors
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words
believe, expect, anticipate, and similar expressions identify forward-looking statements, which speak only as of the date the statement was made. Such statements may include commentary on plans, products and lines
of business, marketing arrangements, reinsurance programs and other business developments and assumptions relating to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or
quantified. Future results could differ materially from those described and the Company undertakes no obligation to correct or update any forward-looking statements. For further information regarding risk factors that could affect the Companys
operations and future results, refer to the Companys reports filed with the Securities and Exchange Commission, including the Form 10-K for the year ended December 31, 2014.
Investor Contact:
Andy Brimmer / Mahmoud Siddig
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
Universal Insurance (NYSE:UVE)
Historical Stock Chart
From Apr 2024 to May 2024
Universal Insurance (NYSE:UVE)
Historical Stock Chart
From May 2023 to May 2024