Business Context and Reporting Period
This Form 8-K Current Report was filed by Assurant, Inc. on March 9, 2006. The filing addresses a material definitive agreement regarding executive compensation adjustments effective March 17, 2006, coinciding with the promotion of Robert B. Pollock to President and Chief Executive Officer.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive compensation terms.
Material Changes
The Compensation Committee approved the following changes to Mr. Pollock's 2006 compensation package:
- Base Salary: Increased from $765,000 to $800,000.
- Target Long-Term Incentive Award (ALTIP Award): Increased from 140% to 160%.
- Target Short-Term Incentive Award: Remained unchanged at 100%.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, management commentary on business performance, or discussion of risks and contingencies. It references a prior Form 8-K filed on February 17, 2006, for a description of the material terms of the ALTIP and short-term incentive awards.
Key Facts for Investor Verification
- Verify the effective date of the CEO promotion (March 17, 2006).
- Confirm the specific terms of the ALTIP Award referenced in the February 17, 2006 filing.
- Note that the short-term incentive target percentage was not adjusted despite the promotion.