TriNet appoints Michael Q. Simonds as CEO; Goldfield to retire after 15 years

TRINET GROUP, INC.

Simonds named President & CEO effective Feb 16, 2024; also appointed to Class III director.
Goldfield retires as CEO; will remain through April 1, 2024 then serve as consultant through March 2025 at $13,500/month.
Simonds to receive $1M base salary, $3M sign-on bonus, 150% target bonus, $1.6M new-hire RSUs, $4.2M annual RSUs, $7.8M PSUs.
Simonds joins from Unum Group where he was EVP & COO; has B.S. from Bowdoin, MBA from Harvard.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Burton M. Goldfield

Chief Executive Officer and President

TNET · TRINET GROUP, INC.

Effective: 2024-02-16
Successor: Michael Q. Simonds
Filed: February 15, 2024, 6:59 PM ET

Mr. Burton M. Goldfield will retire from his current position as Chief Executive Officer and President of the Company, effective as of immediately prior to the Effective Date

Appointed

Michael Q. Simonds

Class III director

TNET · TRINET GROUP, INC.

Effective: 2024-02-16
Filed: February 15, 2024, 6:59 PM ET

On February 12, 2024, the Board also appointed Mr. Simonds as a Class III director, effective as of the Effective Date.

Appointed

Michael Q. Simonds

Chief Executive Officer and President

TNET · TRINET GROUP, INC.

Effective: 2024-02-16
Filed: February 15, 2024, 6:59 PM ET

On February 12, 2024, the Board of Directors (the “Board”) of TriNet Group, Inc. (the “Company”) appointed Michael Q. Simonds as the Chief Executive Officer and President of the Company, effective February 16, 2024

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Burton M. Goldfield retired as Chief Executive Officer and President at TRINET GROUP, INC..

Action: retired
Role: Chief Executive Officer and President

Exact text from the filing

Mr. Burton M. Goldfield will retire from his current position as Chief Executive Officer and President of the Company, effective as of immediately prior to the Effective Date

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Q. Simonds was appointed as Class III director at TRINET GROUP, INC..

Action: appointed
Role: Class III director

Exact text from the filing

On February 12, 2024, the Board also appointed Mr. Simonds as a Class III director, effective as of the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Q. Simonds was appointed as Chief Executive Officer and President at TRINET GROUP, INC..

Action: appointed
Role: Chief Executive Officer and President

Exact text from the filing

On February 12, 2024, the Board of Directors (the “Board”) of TriNet Group, Inc. (the “Company”) appointed Michael Q. Simonds as the Chief Executive Officer and President of the Company, effective February 16, 2024

View on SEC.gov

TRINET GROUP, INC. filing history →

Source: SEC EDGAR

accession 0000937098-24-000023

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.