HCI Group Chairman Paresh Patel's 2009 pay falls 35% to $339K

HCI Group reports 2009 executive compensation

By ExecPay News

Published: April 26, 2010

HCI Group reported fiscal year 2009 executive compensation information on April 26, 2010.
In 2009, four HCI Group executives received on average a compensation package of $245K, a 6% decrease compared to previous year.
Average pay of disclosed executives at HCI Group
Paresh Patel, Chairman, received $339K in total, which decreased by 35% compared to 2008.
Francis McCahill, III, Chief Executive Officer, received a compensation package of $277K, which decreased by 22% compared to previous year. 72% of the compensation package, or $200K, was in salary.
Richard R. Allen, Chief Financial Officer, earned $183K in 2009, a 4% decrease compared to previous year.
Sanjay Madhu, vice president of marketing and investor relations, received $182K in 2009, which increases by 21% compared to 2008.

Related executives

Francis McCahill

HCI Group

Chief Executive Officer

Richard Allen

HCI Group

Senior Vice President Finance

Paresh Patel

HCI Group

Chief Executive Officer

Sanjay Madhu

HCI Group

Former President, Real Estate Division

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Source: SEC filing on April 26, 2010.