Insperity, Inc. (NYSE:NSP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective September 21, 2017, the Board of Directors of Insperity, Inc. (the “Company”) appointed Ellen Masterson to the Board of Directors. The size of the Board of Directors is set at 8 directors. Ms. Masterson will serve as a Class I director of the Company with an initial term expiring on the date of the Company’s annual meeting of stockholders in 2020. Ms. Masterson has also been appointed as a member of the Finance, Risk Management and Audit Committee.
As of the date of the appointment, Ms. Masterson has not entered into or proposed to enter into any transactions required to be reported under Item 404(a) of Regulation S-K.
In accordance with the Insperity, Inc. Directors Compensation Plan (the “Director Plan”), Ms. Masterson has been granted a pro rata share of the $105,000 Annual Director Award granted to all non-employee directors to the Director Plan. Her annual compensation and retainer fees will be consistent with that provided to the Company’s other non-employee directors.
A copy of the Company’s press release announcing the appointment of Ms. Masterson to the Board of Directors is attached as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
INSPERITY, INC. ExhibitEX-99.1 2 ex991-mastersonappt.htm EXHIBIT 99.1 Exhibit Exhibit 99.1Insperity Appoints New Independent Director to BoardHOUSTON - September 22,…To view the full exhibit click here
About Insperity, Inc. (NYSE:NSP)
Insperity, Inc. (Insperity) provides an array of human resources (HR) and business solutions. The Company’s HR services offerings are provided through its Workforce Optimization and Workforce Synchronization solutions (together, its professional employer organization (PEO) HR Outsourcing solutions), which encompass a range of human resources functions, including payroll and employment administration, employee benefits, workers’ compensation, government compliance, performance management, and training and development services. In addition to its PEO HR Outsourcing solutions, the Company offers human capital management, payroll services, time and attendance, performance management, organizational planning, recruiting services, employment screening, financial and expense management services, retirement services and insurance services, many of which are offered through desktop applications and cloud-based delivery models.