Form 8-K ASSURANT, INC. For: Dec 03
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
December 3, 2021
(Exact Name of Registrant as Specified in its Charter)
|(State or Other Jurisdiction|
(Address, including zip code, and telephone number, including area code, of Registrant's Principal Executive Offices)
(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:
|Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
|Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
|Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
|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|
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
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.
As previously announced by Assurant, Inc. (the “Company”), Keith W. Demmings, the President of the Company, will become Chief Executive Officer and a director of the Company (in addition to continuing to serve as President of the Company), effective January 1, 2022.
In connection with Mr. Demmings’ appointment as Chief Executive Officer, (i) effective January 1, 2022, Mr. Demmings’ annual base salary will increase from $700,000 to $1,000,000; (ii) effective January 1, 2022, Mr. Demmings’ target annual incentive opportunity for 2022 will increase (relative to his target annual incentive opportunity for 2021) from 110% to 150% of his applicable annual base salary under the Assurant, Inc. Executive Short Term Incentive Plan; and (iii) Mr. Demmings’ target long-term incentive opportunity for 2022 will increase (relative to his target long-term incentive opportunity for 2021) from 365% to 500% of his adjusted annual base salary under the Assurant, Inc. 2017 Long Term Equity Incentive Plan. Other than as set forth above, Mr. Demmings will continue to participate in the Company’s compensation and benefits programs substantially in the manner described in the Company’s 2021 proxy statement filed on March 22, 2021.
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.
|Date: December 7, 2021||By:||/s/ Mariana Wisk|
|Name: Mariana Wisk|
|Title: Senior Vice President and Corporate Secretary|
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