<SEC-DOCUMENT>0001401521-24-000033.txt : 20240422
<SEC-HEADER>0001401521-24-000033.hdr.sgml : 20240422
<ACCEPTANCE-DATETIME>20240422090245
ACCESSION NUMBER:		0001401521-24-000033
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240422
DATE AS OF CHANGE:		20240422

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN COASTAL INSURANCE Corp
		CENTRAL INDEX KEY:			0001401521
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				753241967
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-52833
		FILM NUMBER:		24859677

	BUSINESS ADDRESS:	
		STREET 1:		800 2ND AVE S
		CITY:			SAINT PETERSBURG
		STATE:			FL
		ZIP:			33701
		BUSINESS PHONE:		727-895-7737

	MAIL ADDRESS:	
		STREET 1:		800 2ND AVE S
		CITY:			SAINT PETERSBURG
		STATE:			FL
		ZIP:			33701

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNITED INSURANCE HOLDINGS CORP.
		DATE OF NAME CHANGE:	20081002

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FMG ACQUISITION CORP
		DATE OF NAME CHANGE:	20070531
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>acicproxysupplement2024.htm
<DESCRIPTION>DEFA14A
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2024 Workiva -->
<title>Document</title></head><body><div id="ib706504345c04fa999913f0e49b4217b_1"></div><div style="min-height:36pt;width:100%"><div><font><br></font></div></div><div style="margin-top:6pt;text-align:center"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:16pt;font-weight:700;line-height:120%">UNITED STATES SECURITIES AND EXCHANGE COMMISSION</font></div><div style="margin-top:6pt;text-align:center"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Washington, D.C. 20549</font></div><div style="margin-top:6pt;text-align:center"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:18pt;font-weight:700;line-height:120%">SCHEDULE 14A</font></div><div style="margin-top:6pt;text-align:center"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934</font></div><div style="margin-top:18pt;text-align:justify"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Filed by the Registrant&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font><font style="color:#000000;font-family:'Wingdings 2',sans-serif;font-size:9pt;font-weight:400;line-height:120%">R&#160;&#160;&#160;&#160; </font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Filed by a Party other than the Registrant</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;&#160;</font><font style="color:#000000;font-family:'Wingdings 2',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#163;</font></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Check the appropriate box&#58;</font></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Wingdings 2',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#163;</font><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Preliminary Proxy Statement</font></div><div style="margin-top:12pt"><font style="color:#000000;font-family:'Wingdings 2',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#163;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">    </font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</font></div><div style="margin-top:12pt"><font style="color:#000000;font-family:'Wingdings 2',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#163;</font><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Definitive Proxy Statement</font></div><div style="margin-top:12pt"><font style="color:#000000;font-family:'Wingdings 2',sans-serif;font-size:9pt;font-weight:400;line-height:120%">R</font><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Definitive Additional Materials</font></div><div style="margin-top:12pt"><font style="color:#000000;font-family:'Wingdings 2',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#163;</font><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Soliciting Materials Pursuant to &#167;240.14a-12 </font></div><div style="margin-bottom:3pt;margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:22pt;font-weight:700;line-height:120%">AMERICAN COASTAL INSURANCE CORPORATION</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">_</font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">_______________________________(Name of Registrant as Specified in its Charter)____________________________</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%">__________________________________________________________________________________________________</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)</font></div><div style="margin-top:12pt"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Payment of Filing Fee (Check the appropriate box)&#58; </font></div><div style="margin-top:12pt;padding-left:18pt;text-indent:-18pt"><font style="color:#000000;font-family:'Wingdings 2',sans-serif;font-size:9pt;font-weight:400;line-height:120%">R </font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%">No fee required. </font></div><div style="margin-top:12pt;padding-left:18pt;text-indent:-18pt"><font style="color:#000000;font-family:'Wingdings 2',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#163; </font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. </font></div><div style="margin-top:12pt;padding-left:45pt;text-indent:-27pt"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:15.21pt">Title of each class of securities to which the transaction applies&#58;</font></div><div style="margin-top:12pt;padding-left:45pt;text-indent:-27pt"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:15.21pt">Aggregate number of securities to which the transaction applies&#58; </font></div><div style="margin-top:12pt;padding-left:45pt;text-indent:-27pt"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3)</font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:15.21pt">Per unit price or other underlying value of the transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined)&#58; </font></div><div style="margin-top:12pt;padding-left:45pt;text-indent:-27pt"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(4)</font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:15.21pt">Proposed maximum aggregate value of the transaction&#58; </font></div><div style="margin-top:12pt;padding-left:45pt;text-indent:-27pt"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(5)</font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:15.21pt">Total fee paid&#58; </font></div><div style="margin-top:12pt;padding-left:18pt;text-indent:-18pt"><font style="color:#000000;font-family:'Wingdings 2',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#163; </font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Fee paid previously with preliminary materials. </font></div><div style="margin-top:12pt;padding-left:18pt;text-indent:-18pt"><font style="color:#000000;font-family:'Wingdings 2',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#163; </font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. </font></div><div style="margin-top:12pt;padding-left:45pt;text-indent:-27pt"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:15.21pt">Amount Previously Paid&#58; </font></div><div style="margin-top:12pt;padding-left:45pt;text-indent:-27pt"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:15.21pt">Form, Schedule or Registration Statement No.&#58; </font></div><div style="margin-top:12pt;padding-left:45pt;text-indent:-27pt"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3)</font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:15.21pt">Filing Party&#58; </font></div><div style="margin-top:12pt;padding-left:45pt;text-indent:-27pt"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(4)</font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:15.21pt">Date Filed&#58; </font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:9pt;font-weight:700;line-height:120%">&#160;&#160;&#160;&#160;</font></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:36pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-weight:700;line-height:112%">EXPLANATORY NOTE</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-weight:400;line-height:112%">This proxy statement supplement, dated April 22, 2024 (this &#8220;Supplement&#8221;), has been filed solely to clarify the disclosure set forth in the Company's definitive proxy statement (the &#8220;Proxy Statement&#8221;), as filed with the U.S. Securities and Exchange Commission on April 2, 2024, under the headings, &#34;Concerning the Annual Meeting and Voting &#8211; What is the required vote for each proposal&#63;&#8221;</font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%"> </font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-weight:400;line-height:112%">and &#8220;Proposal Two - Approval Of The Amended And Restated 2020 Omnibus Incentive Plan &#8211; Required Vote&#8221;, relating to the vote required for Proposal Two to be acted on at the 2024 Annual Meeting of Stockholders of the Company to be held on May 14, 2024 and any adjournment or postponement thereof (the &#8220;Supplemental Disclosure&#8221;). The Supplemental Disclosure updates the Proxy Statement and should be read in conjunction with Proxy Statement.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Supplemental Disclosure does not change the proposals to be acted on at the 2024 Annual Meeting of Stockholders of the Company or the recommendation of the Board of Directors of the Company with respect to any proposals. Except as specifically supplemented by the information contained in the Supplemental Disclosure, all information set forth in the Proxy Statement continues to apply and should be considered in voting your shares. Capitalized terms used in this Supplement and not otherwise defined herein have the meaning given to them in the Proxy Statement.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:12pt;font-weight:400;line-height:112%">CONCERNING THE ANNUAL MEETING AND VOTING</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">The second paragraph of the answer under the heading &#34;Concerning the Annual Meeting and Voting &#8212; What is the required vote for each proposal&#63;&#8221; on page 3 of the Proxy Statement is amended and restated to read as follows&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#59b7b3;font-family:'Tahoma',sans-serif;font-size:12pt;font-weight:400;line-height:112%">What is the required vote for each proposal&#63;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-weight:700;line-height:112%">Proposal Two (Approval of the Amended and Restated 2020 Omnibus Incentive Plan)&#58; </font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Our Second Amended and Restated Certificate of Incorporation (the &#34;Certificate of Incorporation&#34;) provides that the holders of a majority of common stock present at the Annual Meeting or represented by proxy, and entitled to vote at the Annual Meeting on the subject matter of Proposal Two, may ratify any act submitted to the stockholders for ratification. Accordingly, the Amended and Restated 2020 Omnibus Incentive Plan will be approved if the number of &#34;for&#34; votes cast on Proposal Two exceeds the number of &#34;against&#34; and &#34;abstain&#34; votes. Abstentions will be included in the calculation of the number of shares represented and entitled to vote at the Annual Meeting on the subject matter of Proposal Two and will therefore count as votes against Proposal Two. Your broker is not permitted to vote your shares on this matter if no instructions are received from you, and broker non-votes will have no effect on the outcome of Proposal Two.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:12pt;font-weight:400;line-height:112%">PROPOSAL TWO - APPROVAL OF THE AMENDED AND RESTATED 2020 OMNIBUS INCENTIVE PLAN</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">The answer under the heading &#34;Proposal Two &#8212; Approval Of The Amended And Restated 2020 Omnibus Incentive Plan &#8212; Required Vote&#8221; on page 25 of the Proxy Statement is amended and restated to read as follows&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-weight:700;line-height:112%">Required Vote</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-weight:400;line-height:112%">In order to approve Proposal Two, the holders of a majority of the common stock, present at the Annual Meeting or represented by proxy, and entitled to vote at the Annual Meeting on the subject matter of Proposal Two, must vote &#8220;for&#8221; this proposal. Abstentions will have the same effect as votes against Proposal Two. Your broker is not entitled to vote your shares on this matter if no instructions are received from you, and broker non-votes will have no effect on the outcome of Proposal Two.</font></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
