Business Context and Reporting Period
Company: Assurant, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: September 18, 2018
Event: Completion of a secondary offering of common stock by certain affiliates of TPG Global, LLC.
Key Financial Metrics
This filing does not report operational financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on a capital market transaction.
| Metric | Value |
|---|---|
| Shares Sold | 1,200,000 |
| Offering Price per Share | $101.10 |
| Total Proceeds (Gross) | $121,320,000 |
| Selling Stockholders | Affiliates of TPG Global, LLC |
Material Changes
The filing reports a material change in ownership structure due to the sale of 1,200,000 shares of common stock by selling stockholders directly to an institutional investor. The Company did not receive proceeds from this transaction; proceeds were received by the selling stockholders.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook for future periods. No specific risks or contingencies related to the Company's operations are disclosed in this report, other than the standard disclosure of the completed offering pursuant to an effective Registration Statement on Form S-3.
Investor Verification Checklist
- Verify the identity of the institutional investor purchasing the shares.
- Confirm the total number of shares outstanding post-transaction to assess dilution impact.
- Review the effective Registration Statement on Form S-3 (File No. 333-222648) for underwriting agreements or lock-up provisions.
- Check subsequent filings for any additional sales by TPG Global affiliates under the same registration statement.