Business Context and Reporting Period
This Form 8-K Current Report was filed by Assurant, Inc. on May 12, 2022. The filing reports a corporate governance event: the Board of Directors increased the Board size from twelve to thirteen members and appointed Sari Granat as a new director, effective immediately.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Board Composition: The Board size increased from 12 to 13 directors.
- New Appointment: Sari Granat was appointed to the Board and the Nominating and Corporate Governance Committee.
- Background: Ms. Granat is currently the President and Chief Operating Officer of Chainalysis, Inc. and previously served as Executive Vice President at IHS Markit Ltd.
Compensation and Governance Details
Ms. Granat's compensation includes an annual cash retainer under the Directors Compensation Plan and an initial equity grant of restricted stock units with a grant date fair market value of $160,000. The appointment is subject to customary regulatory approval. No related party transactions involving Ms. Granat are reportable under Item 404(a) of Regulation S-K.
Investor Verification Checklist
- Verify the regulatory approval status of Ms. Granat's appointment.
- Review the specific terms of the Restricted Stock Unit Award Agreement (Exhibit 10.1 referenced in the filing).
- Confirm the impact of the Board size increase on committee assignments beyond the Nominating and Corporate Governance Committee.