SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report (or Date of Earliest Event Reported): November 29, 2012
Homeowners Choice, Inc.
(Exact Name of Registrant as Specified in Its Charter)
5300 West Cypress Street, Suite 100
Tampa, Florida 33607
(Address of Principal Executive Offices)
(Telephone Number, Including Area Code)
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):
Item 1.02 Termination of Material Definitive Agreement
On November 19, 2012, we entered into a warrant purchase agreement with the bankruptcy trustee of Glencoe Acquisition, Inc. to purchase from Glencoe Acquisition, Inc. 1,000,000 of our own warrants for $4,000,000. Two warrants entitle the holder to purchase one share of our common stock for $9.10 per share. We issued the warrants in private placement to Glencoe Acquisition, Inc. in connection with our acquisition of policies from HomeWise Insurance Company in 2011. That warrant purchase agreement was terminated November 29, 2012, when the trustee accepted a contract from another offeror. We anticipate prompt return of our deposit of $500,000.
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, thereunto duly authorized.
Dated: November 30, 2012.
A signed original of this Form 8-K has been provided to Homeowners Choice, Inc. and will be retained by Homeowners Choice, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.