Business Context and Reporting Period
This Form 8-K Current Report was filed by Assurant, Inc. on September 14, 2020, regarding events occurring on September 10, 2020. The filing primarily addresses executive leadership changes within the company's finance function.
Key Financial Metrics
The filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial figures disclosed relate to executive compensation for a new appointment:
- Base Salary: $425,000 annualized.
- Short-Term Incentive: Target of 65% of base salary.
- Long-Term Incentive: Target of 60% of base salary.
- Sign-on Bonus: $50,000.
- Equity Award: 5,000 Restricted Stock Units (RSUs) vesting over 3 years.
Material Changes
The material change reported is the appointment of Dimitry DiRienzo as Senior Vice President, Chief Accounting Officer, and Controller, effective September 14, 2020. Concurrently, Richard S. Dziadzio, Executive Vice President and Chief Financial Officer, ceased serving as the interim Chief Accounting Officer and Controller.
Outlook, Risks, and Management Commentary
The filing includes a news release regarding the appointment (Exhibit 99.1) but does not provide forward-looking guidance, management commentary on business outlook, or specific risk factors beyond standard regulatory disclosures. The appointment is presented as a standard governance update.
Key Facts for Investor Verification
- Verify the effective date of the new Chief Accounting Officer's tenure (September 14, 2020).
- Confirm the transition of duties from the interim Chief Accounting Officer (Richard S. Dziadzio).
- Review the vesting schedule for the 5,000 RSUs granted to the new appointee.
- Note that this filing does not contain updated financial results or operational metrics.