Document
false0001000753 0001000753 2020-04-08 2020-04-08


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): April 8, 2020 (April 2, 2020)

Insperity, Inc.
(Exact name of registrant as specified in its charter)

Delaware
 
1-13998
 
76-0479645
(State or other jurisdiction of incorporation)
 
(Commission File Number)
 
(I.R.S. Employer Identification No.)

19001 Crescent Springs Drive
Kingwood, Texas 77339
(Address of principal executive offices and zip code)


Registrant’s telephone number, including area code: (281) 358-8986

Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Ticker symbol(s)
Name of each exchange on which registered
Common Stock, $.01 par value per share
NSP
New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.





Item 5.02.    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 2, 2020, Austin P. Young informed Insperity, Inc. (the “Company”) of his decision to retire from the board of directors of the Company (the “Board”) at the Company’s 2020 annual meeting of stockholders, which is expected to be held in May 2020. Mr. Young also serves as a member of the Company’s Finance, Risk Management and Audit Committee and of the Nominating and Corporate Governance Committee. Mr. Young’s decision to retire is not due to any disagreements with the Company on any matter related to its operation, policies or practices. Mr. Young has served on the Board since 2003.
A copy of the press release issued by the Company regarding this event is attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits

(d)
Exhibits

99.1





SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

INSPERITY, INC.
 
 
 
 
 
 
 
 
 
 
By:
/s/ Daniel D. Herink
 
Daniel D. Herink
 
Senior Vice President of Legal, General Counsel and Secretary



Date: April 8, 2020


Exhibit


Exhibit 99.1

Insperity Announces Upcoming Retirement of Director Austin Young
HOUSTON - April 8, 2020 - Insperity, Inc. (NYSE: NSP), a leading provider of human resources and business performance solutions for America’s best businesses, announced today that Austin P. Young has decided to retire from the company’s board at the company’s 2020 annual meeting of stockholders, which is expected to be held in May 2020.

“For over 17 years, I have had the distinct honor and pleasure of serving on Insperity's board of directors. I've enjoyed the opportunity to contribute to the company's substantial growth and achievements during my tenure,” said Mr. Young.
“Austin has been a key member of the board and has provided outstanding leadership over the years, including in his roles of lead independent director and chair of the Finance, Risk Management and Audit Committee,” said Paul J. Sarvadi, chairman and chief executive officer. “On behalf of the board, we thank Austin for sharing his valuable insights and for his dedicated service to the board and our stockholders. We wish him well in his retirement.”
Insperity also announced that director Timothy Clifford has been elected by the independent directors of the board to serve as lead independent director and that director Ellen Masterson has been appointed to serve as chair of the Finance, Risk Management and Audit Committee.
About Insperity
Insperity, a trusted advisor to America’s best businesses for more than 34 years, provides an array of human resources and business solutions designed to help improve business performance. Insperity® Business Performance Advisors offer the most comprehensive suite of products and services available in the marketplace. Insperity delivers administrative relief, better benefits, reduced liabilities and a systematic way to improve productivity through its premier Workforce Optimization® solution. Additional company offerings include Traditional Payroll and Human Capital Management, Time and Attendance, Performance Management, Organizational Planning, Recruiting Services, Employment Screening, Expense Management, Retirement Services and Insurance Services. Insperity business performance solutions support more than 100,000 businesses with over 2 million employees.  With 2019 revenues of $4.3 billion, Insperity operates in 83 offices throughout the United States. For more information, visit http://www.insperity.com.


    
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Apr. 08, 2020
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Document Type 8-K
Document Period End Date Apr. 08, 2020
Entity Registrant Name Insperity, Inc.
Entity Incorporation, State or Country Code DE
Entity File Number 1-13998
Entity Tax Identification Number 76-0479645
Entity Address, Address Line One 19001 Crescent Springs Drive
Entity Address, City or Town Kingwood
Entity Address, State or Province TX
Entity Address, Postal Zip Code 77339
City Area Code 281
Local Phone Number 358-8986
Title of 12(b) Security Common Stock, $.01 par value per share
Trading Symbol NSP
Security Exchange Name NYSE
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