Insperity enters consulting agreement with retired EVP/GC Herink; $10K/month, RSU vesting continues

INSPERITY, INC.

Daniel D. Herink retired as EVP/GC effective April 1, 2024; consulting agreement runs April 2, 2024 through Dec 31, 2025.
Monthly consulting fee of $10,000; unvested RSUs from Feb 2022 and Feb 2023 grants continue vesting until Mar 2026 or termination.
Non-compete and non-solicit restrictions apply for 24 months after consulting term; covers states where Insperity operates.
Herink provides legal and business advice to management; services limited to no more than 20% of prior average level.
He serves as independent contractor, not eligible for employee benefits; no tax withholding on consulting fees.

item 5.02 item 9.01

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Departed

Daniel D. Herink

Executive Vice President of Legal, General Counsel and Secretary

NSP · INSPERITY, INC.

Effective: 2024-04-01
Filed: April 5, 2024, 7:59 PM ET

On October 31, 2023, Insperity, Inc. (the “Company”) announced the retirement of Daniel D. Herink, Executive Vice President of Legal, General Counsel and Secretary.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel D. Herink retired as Executive Vice President of Legal, General Counsel and Secretary at INSPERITY, INC..

Action: retired
Role: Executive Vice President of Legal, General Counsel and Secretary

Exact text from the filing

On October 31, 2023, Insperity, Inc. (the “Company”) announced the retirement of Daniel D. Herink, Executive Vice President of Legal, General Counsel and Secretary.

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INSPERITY, INC. filing history →

Source: SEC EDGAR

accession 0001000753-24-000022

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