People: HCI Group Inc (HCIIP.PK)

HCIIP.PK on OTC Markets Group

24 Apr 2014
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Patel, Paresh 

Brief Biography

Mr. Paresh Patel is Chairman of the Board, Chief Executive Officer of HCI Group Inc. Mr. Patel is a founder of the Company. He has been a director of the Company since its inception and has served as the Chairman of Board since May 2007. He was appointed as Chief Executive Officer in 2011. Mr. Patel developed and continues to oversee development of the company’s policy administration systems. Since 2006, Mr. Patel has served also as president of Scorpio Systems, Inc., a software development company of which he is the sole owner. (See Item 13 “Certain Relationships and Related Transactions, and Director Independence.”) Since 2011, Mr. Patel has served as chairman of the board of First Home Bancorp, Inc., a bank holding company in Seminole, Florida. He is a founder of NorthStar Bank in Tampa, Florida and from 2006 to 2010 served on the board of directors of its parent company, NorthStar Holding Company. As a private investor from 2000 to 2006, Mr. Patel used statistical and probability techniques to develop and implement a system for managing money as a business to generate cash flow. Before that, Mr. Patel was director of customer care and billing with Global Crossing from 1998 to 2000. In that position, Mr. Patel defined business processes and systems, hired and trained department staff and led the merger of the customer care and billing systems with those of that company’s acquisitions. As an independent consultant from 1991 to 1998, Mr. Patel worked with international telephone companies. Mr. Patel holds bachelor’s and master’s degrees in Electronic Engineering from the University of Cambridge in United Kingdom.

Basic Compensation

Total Annual Compensation, USD Long-Term Incentive Plans, USD All Other, USD Fiscal Year Total, USD
4,064,020 -- 2,946,210 17,640,200

Options Compensation

  Quantity Market Value
Exercisable -- --
Unexercisable -- --
Exercised -- --
Name Fiscal Year Total

Paresh Patel


Richard Allen


Scott Wallace


Andrew Graham


Anthony Saravanos


Sanjay Madhu

As Of 30 Dec 2013
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