TRINET GROUP, INC. (NYSE:TNET) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Appointment of Principal Financial Officer

On April 10, 2017, TriNet Group, Inc. (the Company) announced
that Richard Beckert, age 55, has joined the Company as its
Senior Vice President, Finance. Effective immediately following
the filing of the Companys Quarterly Report on Form 10-Q for the
period ended March 31, 2017, Mr. Beckert will be appointed as the
Companys Senior Vice President, Chief Financial Officer, and as
the Companys Principal Financial Officer. Mr. Beckert has more
than 25 years of leadership experience in all aspects of finance,
including accounting and reporting, treasury, risk management,
tax, internal audit and practices, assets, and management
processes. Prior to joining the Company, Mr. Beckert served at CA
Technologies, a global enterprise provider of business software
solutions, as Executive Vice President and Chief Financial
Officer from May 2011 to July 2016, as Corporate Controller from
June 2008 to May 2011, and as Senior Vice President, Strategic
Pricing and Offerings from September 2006 to June 2008. Prior to
his time at CA Technologies, Mr. Beckert worked for IBM for
approximately 23 years in various leadership positions. His last
position with IBM was as Division Controller for Data Management.
Mr. Beckert holds a B.S. in Finance Administration from
Northeastern University in Boston, MA.

Mr. Beckerts employment is at-will and, to an employment
agreement with the Company, Mr. Beckert will be (i) paid an
annual base salary of $500,000, (ii) eligible to participate in
the Companys annual executive cash incentive plan for 2017, with
a 2017 target incentive equal to 50% of his annual base salary,
pro-rated based on his actual service period in 2017, (iii)
recommended for an equity grant with value of $3,000,000 of which
50% will be comprised of time-vested restricted stock units
(RSUs) and 50% will be comprised of performance-vested restricted
stock units (PSUs), (iv) eligible for reimbursement of certain
qualified relocation expenses, (v) eligible for reimbursement of
certain financial planning and income tax services, and (vi)
eligible to participate in the Companys standard employee benefit
plans that are available to the Companys employees generally, as
in effect from time to time, subject to the terms and conditions
of such plans. Mr. Beckerts RSUs will be subject to the Companys
standard four-year vesting schedule for new hires, with
1/4^th>of the total shares subject to his RSU award
vesting on the first anniversary of the date of grant, and
1/16^th>of the total shares subject to his RSU award
vesting on the 15^th>day of the second month of each
calendar quarter thereafter. Mr. Beckerts PSUs will vest upon the
achievement of certain performance goals and time-based vesting
requirements that are applicable to the Companys other executive
officers. The vesting of Mr. Beckerts RSUs and PSUs each assume
his continued employment with the Company.

Mr. Beckert will also be eligible to participate in the Companys
Severance Benefit Plan (the Plan), which provides for certain
payments and benefits upon a Change in Control Termination or a
Non-Change in Control Termination that results in Mr. Beckerts
Separation from Service, as each foregoing capitalized term is
defined in the Plan.

There are no family relationships between Mr. Beckert and any
director or executive officer of the Company, and he has no
direct or indirect material interest in any transaction required
to be disclosed to Item 404(a) of Regulation S-K.

As previously disclosed, in September 2016, William Porter
announced his intention to retire from his position as Vice
President, Chief Financial Officer of the Company at such time as
his successor commences employment as the Companys Chief
Financial Officer.>>Effective immediately upon the
appointment of Mr. Beckert as the Companys Chief Financial
Officer and Principal Financial Officer, Mr. Porter will retire
as the Companys Chief Financial Officer, Principal Financial
Officer and Principal Accounting Officer and transition into an
operational role with the Company as Vice President, Office of
the Chief Executive Officer.

Appointment of Principal Accounting Officer

Effective immediately upon Mr. Beckerts appointment as the
Companys Chief Financial Officer and Principal Financial Officer,
Michael Murphy, age 49, will be appointed as the Companys
Principal Accounting Officer.

Mr. Murphy has served as the Companys Chief Accounting Officer
since July 2016. Prior to joining the Company, Mr. Murphy served
as Chief Accounting Officer at QBE North America, a global
insurance provider, from October 2014 to July 2016. Prior to
this, Mr. Murphy served as Director of Financial Reporting at
AIG, a global insurance provider and, from 2013 to 2014. Before
joining AIG, Mr. Murphy worked for seven years as Controller for
AEGIS Insurance Services Ltd., a mutual insurance company,
starting in 2006. Prior to this time, Mr. Murphy worked in
several senior finance roles at Marsh McLennan for approximately
10 years. Mr. Murphy is a Chartered Accountant from the Institute
of Chartered Accountants in England and Wales and holds a BSc in
Statistics, Computing, Operations Research Economics from the
University College London.

No new compensatory or severance arrangements will be entered
into in connection with Mr. Murphys appointment as the Companys
Principal Accounting Officer. There are no family relationships
between Mr. Murphy and any director or executive officer of the
Company, and he has no direct or indirect material interest in
any transaction required to be disclosed to Item 404(a) of
Regulation S-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits