UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 14, 2020
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) Appointment of Shawn Guertin and Jacqueline Kosecoff as Directors
On January 14, 2020, the Board of Directors (the “Board”) of TriNet Group, Inc. (the “Company”) approved an increase in the size of the Board from nine to eleven members and appointed each of Shawn Guertin and Jacqueline Kosecoff as a director to fill the vacancies created by the increase, effective January 15, 2020. Mr. Guertin will serve as a Class I Director, which is the class of directors whose term expires at the Company’s 2021 Annual Meeting of Stockholders. Dr. Kosecoff will serve as a Class III Director, which is the class of directors whose term expires at the Company’s 2020 Annual Meeting of Stockholders. The Board has not appointed Mr. Guertin or Ms. Kosecoff to any committees of the Board.
There is no arrangement or understanding between Mr. Guertin or Dr. Kosecoff, on the one hand, and any other persons, on the other hand, pursuant to which Mr. Guertin or Dr. Kosecoff was selected as a director, and the Company is not aware of any related party transactions involving Mr. Guertin or Dr. Kosecoff that are reportable under Item 404(a) of Regulation S-K. The Board determined that Mr. Guertin and Dr. Kosecoff are each independent within the meaning of the Securities Exchange Act of 1934, as amended, the rules and regulations promulgated by the Securities and Exchange Commission (the “SEC”) thereunder, and the listing standards of the New York Stock Exchange.
Mr. Guertin and Dr. Kosecoff will each receive compensation for their service to the Company in accordance with the Company’s existing compensation plan for non-employee directors. Information with respect to the Amended and Restated Non-Employee Director Compensation Policy is set forth in the definitive proxy statement for the Company’s 2019 annual meeting of stockholders, filed with the SEC on March 29, 2019. Mr. Guertin and Dr. Kosecoff are each expected to enter into the Company’s standard form of indemnification agreement.
Copies of the press releases announcing Mr. Guertin's and Dr. Kosecoff’s appointments to the Board are filed as Exhibits 99.1 and 99.2 hereto.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number | Description | |
99.1 | Press release dated January 15, 2020 announcing the appointment of Shawn Guertin to the TriNet Group, Inc. Board of Directors | |
99.2 | Press release dated January 15, 2020 announcing the appointment of Jacqueline Kosecoff to the TriNet Group, Inc. Board of Directors | |
104 | Cover Page Interactive Data File (embedded with the Inline XBRL document) | |
INDEX TO EXHIBITS
Exhibit Number | Description | |
99.1 | ||
99.2 | ||
104 | Cover Page Interactive Data File (embedded with the Inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
TriNet Group, Inc. | |||
Date: | January 15, 2020 | By: | /s/ Samantha Wellington |
Samantha Wellington | |||
Senior Vice President, Chief Legal Officer and Secretary | |||