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Assurant, Inc. – ‘8-K’ for 5/13/21

On:  Tuesday, 5/18/21, at 8:16am ET   ·   For:  5/13/21   ·   Accession #:  1193125-21-164646   ·   File #:  1-31978

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/18/21  Assurant, Inc.                    8-K:5,9     5/13/21   12:209K                                   Donnelley … Solutions/FA

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     29K 
 2: EX-99.1     Miscellaneous Exhibit                               HTML     14K 
 8: R1          Document and Entity Information                     HTML     52K 
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 9: EXCEL       IDEA Workbook of Financial Reports                  XLSX      6K 
 4: EX-101.DEF  XBRL Definitions -- aizn-20210513_def                XML     41K 
 5: EX-101.LAB  XBRL Labels -- aizn-20210513_lab                     XML     68K 
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12: ZIP         XBRL Zipped Folder -- 0001193125-21-164646-xbrl      Zip     15K 


‘8-K’   —   Current Report


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 iX: 
  8-K  
 i false  i 0001267238 0001267238 2021-05-13 2021-05-13 0001267238 us-gaap:CommonStockMember 2021-05-13 2021-05-13 0001267238 us-gaap:SeniorSubordinatedNotesMember 2021-05-13 2021-05-13

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM  i 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 18, 2021 ( i May 13, 2021)

 

 

 i Assurant, Inc.

(Exact Name of Registrant as Specified in its Charter)

 

 

 

 i Delaware    i 001-31978    i 39-1126612

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 i 28 Liberty Street,  i 41st Floor

 i New York,  i New York  i 10005

 i (212)  i 859-7000

(Address, including zip code, and telephone number, including area code, of Registrant’s Principal Executive Offices)

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

 

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:

 

   i 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

   i 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

   i 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

   i 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class

 

Trading

Symbol(s)

 

Name of Each Exchange

on Which Registered

 i Common Stock, $0.01 Par Value    i AIZ    i New York Stock Exchange
 i 5.25% Subordinated Notes due 2061    i AIZN    i New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company   i 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 


Item 5.02.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 18, 2021, Assurant, Inc. (the “Company”) announced that Alan B. Colberg, President, Chief Executive Officer and a director of the Company, will retire as Chief Executive Officer and director on December 31, 2021. In light of Mr. Colberg’s retirement, on May 13, 2021, the Board of Directors of the Company appointed Keith W. Demmings as Chief Executive Officer and director, effective January 1, 2022, subject to customary regulatory approval. Mr. Demmings will initially become President, effective May 18, 2021, at which time Mr. Colberg will cease serving as President.

Mr. Demmings, 48, joined the Company in 1997. Over his 24 years with the Company, Mr. Demmings has assumed increasing levels of responsibility across the Company’s global enterprise. Prior to his appointment as Executive Vice President and President, Global Lifestyle effective July 2016, Mr. Demmings served as Executive Vice President and President, Global Markets, beginning in September 2015.

In connection with Mr. Demmings’s appointment as President, (i) effective May 18, 2021, Mr. Demmings’s annual base salary will increase from $545,000 to $700,000; (ii) effective May 18, 2021, Mr. Demmings’s target annual incentive opportunity for 2021 will increase from 100% to 110% of his applicable annual base salary under the Assurant, Inc. Executive Short Term Incentive Plan; and (iii) Mr. Demmings’s target long-term incentive opportunity for 2021 will increase from 225% to 365% of his adjusted annual base salary under the Assurant, Inc. 2017 Long Term Equity Incentive Plan (the “ALTEIP”), which will be effected through an equity award on May 18, 2021 with a grant date value of approximately $1,400,000, with 25% of such amount in the form of restricted stock units (“RSUs”) and 75% of such amount in the form of performance stock units (“PSUs”) under the ALTEIP. The RSUs will vest in equal instalments over a three-year period and the PSUs will vest in May 2024 at the end of the 2021-2023 performance period, in each case subject to Mr. Demmings’s continued employment through the applicable vesting dates. Other than as set forth above, Mr. Demmings will continue to participate in the Company’s compensation and benefits programs in the manner described in the Company’s 2021 proxy statement filed on March 22, 2021.

There are no arrangements or understandings between Mr. Demmings and any other person, naming such person, pursuant to which Mr. Demmings was selected as an executive officer or as a director; there are no family relationships between Mr. Demmings and any director or executive officer of the Company or any person nominated or chosen by the Company to become a director or executive officer; and no related party transactions involving Mr. Demmings are reportable under Item 404(a) of Regulation S-K.

A copy of the Company’s news release announcing these events is attached as Exhibit 99.1 hereto and incorporated herein by reference.

 

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit

    No.    

  

Exhibit

99.1    News Release, dated May 18, 2021.
104    The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

 

-2-


SIGNATURE

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 hereunto duly authorized.

 

    ASSURANT, INC.
Date: May 18, 2021     By:  

/s/ Jay Rosenblum

    Name:   Jay Rosenblum
    Title:   Executive Vice President and Chief Legal Officer

 

-3-


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
1/1/223
12/31/2110-K,  11-K,  DEF 14A
Filed on:5/18/214
For Period end:5/13/214,  8-K,  S-8
3/22/21DEF 14A,  DEFA14A
 List all Filings 


2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/11/21  Assurant, Inc.                    424B5                  1:643K                                   Donnelley … Solutions/FA
 6/10/21  Assurant, Inc.                    424B5                  1:634K                                   Donnelley … Solutions/FA
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