People: Universal Insurance Holdings Inc (UVE.A)

UVE.A on American Stock Exchange

13.01USD
2 Dec 2013
Price Change (% chg)

$0.61 (+4.92%)
Prev Close
$12.40
Open
$12.58
Day's High
$13.08
Day's Low
$11.82
Volume
195,698
Avg. Vol
71,656
52-wk High
$15.40
52-wk Low
$6.32

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Summary

Name Age Since Current Position

Sean Downes

44 2013 Chairman of the Board, President, Chief Executive Officer

Frank Wilcox

48 2013 Chief Financial Officer, Principal Accounting Officer

Jon Springer

44 2013 Chief Operating Officer, Executive Vice President, Director

Stephen Donaghy

49 2013 Chief Administrative Officer, Secretary

Scott Callahan

60 2013 Independent Director

Darryl Lewis

49 2013 Independent Director

Michael Pietrangelo

71 2010 Independent Director

Ozzie Schindler

45 2007 Independent Director

Joel Wilentz

79 2008 Independent Director

Biographies

Name Description

Sean Downes

Mr. Sean P. Downes is Chairman of the Board, President, Chief Executive Officer of Universal Insurance Holdings Inc., since February 22, 2013. Prior to becoming President and Chief Executive Officer, Mr. Downes served as Senior Vice President and Chief Operating Officer of the Company since January 2005 and Chief Operating Officer of Universal Property & Casualty Insurance Company (“UPCIC”), a wholly-owned subsidiary of the Company, since July 2003. Mr. Downes has served as a director of the Company since 2005 and as a director of UPCIC since 2003. Mr. Downes was elected as Chairman of the Board in July 2013. Prior to joining UPCIC, Mr. Downes was Chief Operating Officer of Universal Adjusting Corporation, a wholly-owned subsidiary of the Company, from July 1999 to July 2003. During that time, Mr. Downes created the Company’s claims operation. Before joining a subsidiary of the Company in July 1999, Mr. Downes was Vice President of Downes and Associates, a multi-line insurance adjustment corporation. Mr. Downes has over 25 years of experience in the insurance industry.

Frank Wilcox

Mr. Frank Wilcox has been appointed as Chief Financial Officer, Principal Accounting Officer of Universal Insurance Holdings, Inc., effective October 1, 2013. He has served as the Company’s Vice President – Finance since January 2011. Prior to joining the Company, Mr. Wilcox was director, consolidation and SEC reporting at Burger King Corporation from 2006 to 2011. From 2000 to 2006, he served as senior vice president, controller at BankUnited. Earlier in his career he served in various capacities within the financial services industry, which included a role as an auditor at a public accounting firm. Mr. Wilcox was licensed as a certified public accountant in New York from 1989 to 1992.

Jon Springer

Mr. Jon W. Springer is Chief Operating Officer, Executive Vice President, Director of Universal Insurance Holdings Inc., since February 22, 2013. Mr. Springer also became Senior Vice President and Chief Operating Officer of the Company on such date. Mr. Springer was Executive Vice President of Universal Risk Advisors, Inc., a wholly-owned subsidiary of the Company, from June 2006 through March 2008, and had been the Executive Vice President of Blue Atlantic Reinsurance Corporation, a wholly-owned subsidiary of the Company, since March 2008. Before joining Universal Risk Advisors, Inc., Mr. Springer was an Executive Vice President of Willis Re, Inc. and was responsible for managing property and casualty operations in its Minneapolis office. Mr. Springer earned his Bachelors of Arts degree from Hamline University in 1992 with a double major in economics and business management.

Stephen Donaghy

Mr. Stephen J. Donaghy is Chief Administrative Officer, Secretary of Universal Insurance Holdings, Inc., effective February 22, 2013. Prior to taking on such roles, Mr. Donaghy served as the Company’s Executive Vice President since October 2006 and its Chief Information Officer since November 2009. Before joining the Company, Mr. Donaghy held various executive positions at JM Family Enterprises, a private company, including Vice President of Strategic Initiatives, Vice President of Sales and Marketing and Senior Information Officer. Mr. Donaghy earned his undergraduate degree from Indiana University of Pennsylvania in 1986 with a major in finance, a concentration in monetary economics and a minor in accounting.

Scott Callahan

Mr. Scott P. Callahan is Independent Director of Universal Insurance Holdings, Inc. Until his retirement in 2011, Mr. Callahan served as Executive Vice President of Everest Reinsurance Holdings, Inc. and Everest Reinsurance Company since 2002. Mr. Callahan also served as a director of Everest Reinsurance Company from 2001 to 2011, a director of Everest International Reinsurance, Ltd. from 2003 to 2007 and director of Everest Reinsurance (Bermuda), Ltd. from 2001 to 2007. Each of these entities is a direct or indirect subsidiary of Everest Re Group, Ltd., a provider of reinsurance coverage in the property and casualty reinsurance industry.

Darryl Lewis

Mr. Darryl L. Lewis is Independent Director of Universal Insurance Holdings, Inc. Mr. Lewis is an established trial attorney in Florida and throughout the southeast region of the United States. Mr. Lewis has been a shareholder with the law firm of Searcy Denney Scarola Barnhart & Shipley, P.A. since 2003. Mr. Lewis was named in the Lawyers in America publication in connection with this litigation practice. Mr. Lewis has been recognized in Florida Trend magazine as one of the “legal elite” and named in the South Florida Legal Guide as one of Florida’s top trial lawyers. Mr. Lewis proudly served in the U.S. Army Reserve as a Judge Advocate General (JAG) attorney. A native Kentuckian, Mr. Lewis earned a bachelor of science degree, summa cum laude, in Political Science from Kentucky State University and his law degree from the University of Kentucky.

Michael Pietrangelo

Mr. Michael A. Pietrangelo is an Independent Director of Universal Insurance Holdings Inc., since March 26, 2010. Since 1998, Mr. Pietrangelo has practiced law and has been of counsel to the firm of Pietrangelo Cook, PLC. Mr. Pietrangelo is admitted to the bars of the states of New York and Tennessee and the District of Columbia. He currently serves on the board of directors of MRI Interventions Inc., a publicly traded research and development company, and the American Parkinson Disease Association, a not-for-profit organization focused on serving the Parkinson’s community. Mr. Pietrangelo also serves as the managing partner of The Theraplex Company, LLC, a privately held skin care company. From 1994 until 1998, Mr. Pietrangelo served as President of Johnson Products Company, a subsidiary of IVAX Corporation. From 1990 to 1994, Mr. Pietrangelo was the President and Chief Executive Officer of CLEO, Inc. a subsidiary of Gibson Greetings, Inc. and manufacturer of specialized paper products. From 1967 to 1989, he served in a variety of legal and management roles at the Federal Trade Commission, Pfizer, Inc., Schering-Plough Corporation and Western Publishing Group.

Ozzie Schindler

Mr. Ozzie A. Schindler is an Independent Director of Universal Insurance Holdings, Inc., since January 9, 2007. Mr. Schindler serves as Chairman of the Company’s Audit Committee. Mr. Schindler is a shareholder with the law firm of Greenberg Traurig and specializes in international tax planning. He has an LL.M. in Taxation from New York University School of Law and graduated with honors from the University of Florida School of Law. Mr. Schindler graduated with high honors from the University of Florida Fisher School of Accounting.

Joel Wilentz

Dr. Joel M. Wilentz M.D., is an Independent Director of Universal Insurance Holdings Inc. He has been a director of the Company since March 1997. Dr. Wilentz is one of the founding members of Dermatology Associates, founded in 1970, and of the Centers for Cosmetic Enhancement in Florida. He is a former member of the Board of Directors of the Neurological Injury Compensation Association (NICA) for the State of Florida. He is a former member of the Board of Directors of the Broward County, Florida Medical Association. He was the former President of the Broward County Dermatological Society. Dr. Wilentz is at present a member of the Board of Governors of Nova Southeastern University.

Basic Compensation

Name Fiscal Year Total

Sean Downes

9,395,120

Frank Wilcox

1,602,350

Jon Springer

5,663,750

Stephen Donaghy

2,423,250

Scott Callahan

--

Darryl Lewis

--

Michael Pietrangelo

--

Ozzie Schindler

--

Joel Wilentz

--
As Of 30 Dec 2013

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