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TNET > SEC Filings for TNET > Form 8-K on 12-May-2014All Recent SEC Filings

Show all filings for TRINET GROUP INC



Change in Directors or Principal Officers, Financial Statements and Exhibits

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

(d) Appointment of Director

On May 7, 2014, the Board of Directors (the "Board") of TriNet Group, Inc. (the "Company") appointed John H. Kispert to the Board. Mr. Kispert was also appointed to serve on the Compensation Committee of the Board. The Board determined that Mr. Kispert is independent within the meaning of the rules of the New York Stock Exchange and the Company's Corporate Governance Guidelines. Mr. Kispert is entitled to receive the standard compensation and indemnification arrangements given to other non-management directors, as disclosed in the Company's final prospectus filed with the Securities and Exchange Commission on March 27, 2014 pursuant to Rule 424(b) under the Securities Act of 1933, as amended.

In March 2014, in connection with the Company's initial public offering ("IPO"), the underwriters reserved for sale, at the initial public offering price, up to 5% of the common stock offered in the IPO for sale to certain of the Company's business associates and clients. The number of shares of common stock available for sale to the general public was reduced by the number of directed shares purchased by participants in the program, and any directed shares not purchased were offered by the underwriters to the general public on the same terms as the other shares of common stock offered in the IPO. Mr. Kispert purchased 62,500 shares of the Company's common stock through the directed share program for an aggregate purchase price of $1 million.

A copy of the press release announcing Mr. Kispert's appointment is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

  No.                                     Description

99.1         Press Release, dated May 12, 2014, entitled "TriNet Appoints John H.
             Kispert to Board of Directors."

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