Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 14, 2020, Assurant, Inc. (the "Company") announced that Dimitry
DiRienzo was appointed Senior Vice President, Chief Accounting Officer and
Controller of the Company at a meeting of the Board of Directors of the Company
on September 10, 2020, effective September 14, 2020. In connection with Mr.
DiRienzo's appointment, Richard S. Dziadzio, the Company's Executive Vice
President and Chief Financial Officer, ceased serving as the Company's interim
Chief Accounting Officer and Controller as of September 14, 2020.
Mr. DiRienzo, 44, most recently served as Chief Financial Officer of IT and
Operations at Chubb Limited from June 2020 to August 2020. Prior to that, from
July 2019 to June 2020, Mr. DiRienzo was Deputy Chief Financial Officer of its
overseas operations, and held several other leadership roles during his 13-year
tenure at Chubb, including Senior Vice President, Chief Auditor from June 2015
to June 2019, and Senior Vice President, Controller for Chubb Life.
Mr. DiRienzo's offer letter provides that he will receive the following
compensation: (i) an annualized base salary of $425,000, (ii) a target annual
incentive award opportunity of 65% of his annual base salary under the Company's
Short Term Incentive Plan and (iii) a target long-term incentive award
opportunity of 60% of his annual base salary under the Company's 2017 Long Term
Equity Incentive Plan, as amended in May 2019 ("ALTEIP"). Mr. DiRienzo will also
participate in the compensation and benefit programs available to officers of
the Company, including the Executive 401(k) Plan. In addition, Mr. DiRienzo will
receive a one-time equity award on October 1, 2020 of 5,000 restricted stock
units ("RSUs") under the Company's ALTEIP. The RSUs will vest in equal
instalments over a 3-year period, subject to continued employment through the
applicable vesting dates. Mr. DiRienzo will also receive a $50,000 sign-on bonus
payable on October 2, 2020.
Item 7.01. Regulation FD Disclosure.
A copy of the Company's news release in connection with Mr. DiRienzo's
appointment is attached hereto as Exhibit 99.1.
The information being furnished pursuant to this Item 7.01 shall not be
deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended (the "Exchange Act"), or otherwise subject to the
liabilities of that section, and shall not be deemed to be incorporated by
reference into any filing under the Securities Act of 1933, as amended, or the
Exchange Act.
Item 9.01. Financial Statements and Exhibits.
The following exhibits are being filed herewith:
Exhibit No. Exhibit
99.1 News Release, dated September 14, 2020
The cover page from this Current Report on Form 8-K, formatted in Inline
104 XBRL
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