American Coastal Insurance (NASDAQ:ACIC) stockholders elected five Class B directors and ratified the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm during the company’s annual meeting, according to the meeting transcript.
The meeting was led by Brad Martz, CEO of American Coastal Insurance Corporation. Joining the virtual meeting were Brooke Adler, the company’s general counsel; members of the board of directors; representatives of Deloitte & Touche LLP; and Lana Castle, who served as inspector of elections.
Shareholders Approve Director Nominees
- Alec L. Poitevint II
- William H. Hood III
- Deirdre A. Brown
- Kern M. Davis, MD
- Patrick F. Maroney
Lana Castle reported that, based on a preliminary vote count, each of the Class B director nominees had been elected. Martz subsequently declared that the five nominees were elected for terms expiring at the 2028 annual meeting.
Deloitte Appointment Ratified
The second proposal before stockholders was the ratification of Deloitte & Touche LLP as American Coastal Insurance’s independent registered public accounting firm for the fiscal year ending Dec. 31, 2026.
Adler said the board and its audit committee recommended that stockholders vote in favor of the ratification. Castle later reported that the appointment had been ratified based on preliminary voting results.
Quorum and Voting Details
Adler said Broadridge Financial Solutions Inc. provided an affidavit stating that the notice of the annual meeting, information needed to access the company’s proxy statement and 2025 annual report, and the form of proxy card were mailed on or about April 1, 2026, to stockholders of record as of March 27, 2026.
As of the record date, Adler said there were 48,342,811 shares of the company’s common stock outstanding and entitled to vote. The inspector of elections reported that approximately 42,731,430 shares were present via webcast or represented by proxy, equal to about 88.4% of the shares entitled to vote. Adler said that met the quorum requirement under the company’s amended and restated bylaws.
Castle said the final voting results will be made publicly available in a Form 8-K to be filed with the U.S. Securities and Exchange Commission within four business days.
No Stockholder Questions Submitted
After the formal business portion of the meeting was adjourned, Martz opened the floor for appropriate written stockholder questions submitted through the virtual meeting website. He said he was not aware of any questions at that time, and the Q&A portion of the meeting was concluded.
The meeting ended after the completion of the formal agenda items.
About American Coastal Insurance (NASDAQ:ACIC)
American Coastal Insurance Company (NASDAQ:ACIC) is a specialized property and casualty insurer focused on coastal residential and commercial lines across the Southeastern United States. Headquartered in St. Petersburg, Florida, the company underwrites policies designed to address windstorm and non-windstorm perils in areas exposed to hurricane risk. Since its founding in 2007, American Coastal has positioned itself to meet the insurance needs of homeowners, condominium associations, and small business owners operating near coastal zones.
Through a diversified portfolio of personal lines products, American Coastal offers homeowners insurance, dwelling fire, mobile home, condominium unitowners and renters policies.
