Company: AIZ
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001267238-25-000018
Chunk: 10

Company: ASSURANT, INC.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 10
---
 B to this proxy statement and as summarized below.

Reasons for the Proposed Special Meeting By-law Amendment

Amending Article EIGHTH of the Charter to remove the provision limiting the right to call a special meeting, together with the anticipated revisions to our by-laws implementing the right for stockholders owning 25% or more of our outstanding common stock to call a special meeting of the stockholders, would meaningfully enhance stockholder rights. The Board believes that requiring stockholders owning at least 25% of common stock strikes a reasonable and appropriate balance between permitting stockholders to request that the Board call special meetings and ensuring that special meetings are held only when supported by a meaningful proportion of our stockholders, since special meetings should be limited to address significant, time-sensitive issues that cannot be delayed until the Company’s next annual meeting. Further, special meetings involve considerable administrative and operational expense, and require the Board and management to devote time and resources preparing for a special meeting, taking their attention away from their primary focus of overseeing and operating the Company’s business. Recognizing the benefits of providing a right to call special meetings, the Board believes that a failure to receive at least 25% of stockholders to support the need to convene a special meeting is a strong indicator that the relevant issue is unduly narrow and not deemed sufficiently significant by our stockholders generally. The Board notes that, based on benchmarking against companies included in the S&P 500 Index and companies included in the Company’s compensation peer group, among those that allow stockholders to call a special meeting, the most common ownership threshold is 25%.

In light of these considerations, and based on the recommendation of the Nominating and Corporate Governance Committee, the Board has approved, and recommends that the Company’s stockholders approve and adopt, the Special Meeting Charter Amendment.

| 26 |     | Notice of 2025 Annual Meeting of Stockholders and Proxy Statement |

| Proposals Requiring Your Vote - Proposal Four |

Effect of the Proposed Special Meeting By-law Amendment

The right of stockholders to request that the Company call special meetings would be subject to the notice, information and other requirements set forth in the Special Meeting By-law Amendment. The Board believes these requirements, which are similar to those commonly adopted by other companies, are important to avoid inappropriate or duplicative special meetings. If this proposal four is adopted, the Special Meeting By-law Amendment would provide, in part, that:

• Stockholders who own at least 25% of the voting power of the outstanding shares of common