Assurant, Inc. (NYSE:AIZ) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(b)(c) On May15, 2017, Assurant, Inc. (the Company) announced
that Daniel A. Pacicco was appointed Senior Vice President, Chief
Accounting Officer and Controller of the Company at the meeting
of the Board of Directors of the Company (the Board) on May12,
2017, succeeding John A. Sondej in these positions, effective as
of June1, 2017. Mr.Sondej will continue to serve as Senior Vice
President and Corporate Controller effective as of June1, 2017.
Mr.Pacicco, 58, served as Senior Vice President, Finance for the
North American operations of Chubb Limited from 2016 to May 2017.
Prior to that, from 2003 to 2016, Mr.Pacicco served as Corporate
Controller of The Chubb Corporation and Senior Vice President of
related entities, while also serving as Senior Vice President of
The Chub Corporation and Treasurer of The Chubb Corporation and
related entities from 2015 to 2016. There are no family
relationships between Mr.Pacicco and any director or executive
officer of the Company and no related party transactions
involving Mr.Pacicco are reportable under Item404(a) of
Regulation S-K.
Mr.Paciccos offer letter provides that he will receive the
following compensation: (i)an annualized base salary of $385,000,
(ii)a target annual incentive award opportunity of 65% of his
annual base salary under the Companys Short Term Incentive Plan
and (iii)a target long-term incentive award opportunity of 70% of
his annual base salary under the Companys 2017 Long Term Equity
Incentive Plan. Mr.Pacicco will also participate in the
compensation and benefit programs available to officers of the
Company, including the Executive 401(k) Plan. In addition,
Mr.Pacicco will receive a one-time equity award of 3,500
restricted stock units (RSUs) under the Companys 2017 Long Term
Equity Incentive Plan. The RSUs will vest in equal instalments
over a five-year period, subject to continued employment through
the applicable vesting dates.
| Item9.01. | Financial Statements and Exhibits |
Exhibit 99.1. News Release, dated May15, 2017
About Assurant, Inc. (NYSE:AIZ)
Assurant, Inc. is a provider of specialty protection products and related services. The Company’s segments include Assurant Solution, Assurant Specialty Property and Corporate & Other. The Assurant Solutions segment provides mobile device protection products and services; debt protection administration; credit insurance; extended service products and related services for consumer electronics, appliances and vehicles, and offers pre-funded funeral insurance. The Assurant Specialty Property segment provides lender-placed homeowners insurance; property preservation and valuation services; flood insurance; renters insurance and related products, and manufactured housing homeowners insurance. The Corporate & Other segment includes activities of the holding company, financing and interest expenses, net realized gains (losses) on investments and interest income earned from short-term investments held. Assurant, Inc. (NYSE:AIZ) Recent Trading Information
Assurant, Inc. (NYSE:AIZ) closed its last trading session 00.00 at 102.05 with 278,993 shares trading hands.