Insperity Inc.
11/21/2024 | Press release | Distributed by Public on 11/21/2024 15:40
Management Change/Compensation Form 8 K
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 27, 2024, Insperity, Inc. (the "Company") announced the retirement of Douglas S. Sharp, Executive Vice President of Finance, Chief Financial Officer and Treasurer, effective November 15, 2024. On November 15, 2024, the Company and Mr. Sharp entered into a consulting agreement. Under the consulting agreement, Mr. Sharp will be reasonably available to consult on the continued transition of his responsibilities and to provide financial advice, business advice, and other advisory services through March 31, 2025; receive $10,000 per month compensation; and, until the end of twenty-four months following the expiration or termination of the consulting agreement, agree not to engage in business activities that compete with the Company's operations and not to solicit employees of the Company. A copy of the consulting agreement is attached as Exhibit 10.1 and is incorporated by reference.