Business Context and Reporting Period
This Form 8-K Current Report was filed by Assurant, Inc. on July 6, 2011. The filing reports a corporate governance event: the election of a new director to the Board of Directors.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. The only financial figure disclosed relates to director compensation: an annual grant of restricted stock units with a grant date fair market value of $80,000.
Material Changes
On July 6, 2011, the Board of Directors elected Elyse Douglas to the Board and appointed her to the Finance and Investment Committee, effective immediately. There are no arrangements or understandings between Ms. Douglas and any other person regarding her election.
Guidance, Outlook, and Risks
The filing contains no management guidance, outlook, risk factors, or contingencies. It references a news release issued on July 7, 2011, which is incorporated by reference as Exhibit 99.1.
Investor Verification Checklist
- Verify the terms of the Assurant, Inc. Amended and Restated Directors Compensation Plan referenced in the 2010 Form 10-K.
- Review the news release dated July 7, 2011 (Exhibit 99.1) for additional context on the director election.
- Confirm the vesting schedule and terms of the $80,000 restricted stock unit grant under the Long Term Equity Incentive Plan.