DE | 39-1126612 | |
(State or other jurisdiction of | (IRS Employer | |
incorporation) | Identification No.) |
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
These workforce reductions are primarily in the segment's domestic credit insurance/debt deferment business and also include reductions in the U.K./European operations. This process is expected to be completed by year-end 2012 and the Company estimates that severance and outplacement costs will result in an after-tax charge of approximately $7.3 million to consolidated and segment fourth quarter net income. The Company expects substantially all of this charge to result in future cash expenditures in the approximate amount described above.
Assurant, Inc. | ||||||||
Date: November 14, 2012 | By: | /s/ Stephen W. Gauster | ||||||
Stephen W. Gauster | ||||||||
Senior Vice President, Chief Corporate Counsel and Assistant Secretary | ||||||||