secwatch.observer — SEC 8-K summary
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Issuer:     INSPERITY, INC. (NSP)
CIK:        0001000753
Form:       8-K
Filed at:   2024-04-05T23:59:59+00:00
Accession:  0001000753-24-000022
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000753/000100075324000022/0001000753-24-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000753/000100075324000022/nsp-20240404.htm
  HTML page:      https://secwatch.observer/filing/0001000753-24-000022

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