0000937098-15-000029.txt : 20151216 0000937098-15-000029.hdr.sgml : 20151216 20151216160943 ACCESSION NUMBER: 0000937098-15-000029 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20151215 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20151216 DATE AS OF CHANGE: 20151216 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRINET GROUP INC CENTRAL INDEX KEY: 0000937098 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 953359658 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36373 FILM NUMBER: 151291080 BUSINESS ADDRESS: STREET 1: 1100 SAN LEANDRO BLVD., STE. 300 CITY: SAN LEANDRO STATE: CA ZIP: 94577 BUSINESS PHONE: 5103525000 MAIL ADDRESS: STREET 1: 1100 SAN LEANDRO BLVD., STE. 300 CITY: SAN LEANDRO STATE: CA ZIP: 94577 FORMER COMPANY: FORMER CONFORMED NAME: TRINET EMPLOYER GROUP INC DATE OF NAME CHANGE: 20000126 8-K 1 trinet-form8xkreelectionof.htm 8-K 8-K



 
 
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): December 15, 2015
 

TRINET GROUP, INC.
(Exact name of Registrant as Specified in Its Charter)
 

 
Delaware
001-36373
95-3359658
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
 
 
 
1100 San Leandro Blvd., Suite 400
San Leandro, CA
 
94577
(Address of Principal Executive Offices)
 
(Zip Code)
Registrant’s Telephone Number, Including Area Code: (510) 352-5000
 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 




Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) Appointment of Director

On December 15, 2015, the Board of Directors (the “Board”) of TriNet Group, Inc. (the “Company”) expanded the Board by an additional directorship and appointed Paul Chamberlain as a director to fill the vacancy on the Board. Mr. Chamberlain will be a Class II member of the Board. Mr. Chamberlain has not yet been appointed to any committees of the Board.

For his service as a non-management director, Mr. Chamberlain will receive compensation pursuant to the Company’s Amended and Restated Non-Employee Director Compensation Policy, as described in the Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 2, 2015.

Ms. Chamberlain has entered into an indemnity agreement, the terms of which are identical in all material respects to the Company’s form of indemnity agreement, which the Company filed as Exhibit 10.8 to its Form S-1 Registration Statement with the Securities and Exchange Commission on March 4, 2014.

On December 16, 2015, the Company issued a press release announcing Mr. Chamberlain’s election to the Board. A copy of the press release is attached as Exhibit 99.1 hereto.

Item 9.01    Financial Statements and Exhibits.


(d) Exhibits

Exhibit No.
 
Description
99.1
 
Press Release, dated December 16, 2015, entitled “TriNet Appoints Paul Chamberlain to Board of Directors.”
 
 






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:
December 16, 2015
By:
/s/ Brady Mickelsen
 
 
 
Brady Mickelsen
 
 
 
Senior Vice President, Chief Legal Officer and Secretary







INDEX TO EXHIBITS

Exhibit No.
 
Description
99.1
 
Press Release, dated December 16, 2015, entitled “TriNet Appoints Paul Chamberlain to Board of Directors.”


EX-99.1 2 exhibit99_chamberlainappoi.htm EXHIBIT 99.1 Exhibit

Exhibit 99.1
TriNet Appoints Paul Chamberlain to Board of Directors

SAN LEANDRO, Calif. – December 16, 2015 –TriNet (NYSE: TNET), a leading cloud-based provider of HR services, today announced that Paul Chamberlain has been appointed to its Board of Directors. His appointment is effective December 15, 2015.

With more than 25 years in senior executive leadership roles, Chamberlain brings deep experience in investment banking, financing and strategic transactions to TriNet. He has a broad background that includes executive, financial and operational roles.

Until 2015, Chamberlain worked for over 25 years at Morgan Stanley, most recently as managing director and co-head of its Global Technology Banking Group, and as a member of the Investment Banking Division's Operating Committee. Chamberlain led account teams on financing and strategic transactions for clients including Alibaba Group, Amazon.com, Applied Materials, Broadcom, Cisco, eBay, Intuit, Netscape, Oracle, Veeva and Workday.

Currently, Chamberlain is president at PEC Ventures, where he works as an early-stage investor and advisor to senior executives in emerging technology companies. PEC Ventures focuses on companies in the consumer and business Internet, software, hardware, professional services and communications markets.

In addition to his work at PEC Ventures, Chamberlain serves as Chairman of the Strategic Advisory Committee of JobTrain, a vocational and life skills training group focused on the neediest in the Silicon Valley community. He also regularly lectures in Economics and Entrepreneurial Management classes at Stanford and Princeton Universities.

Chamberlain earned a B.A. in History magna cum laude from Princeton University in 1985 and received an MBA from Harvard Business School in 1989.



Burton M. Goldfield, President and CEO, TriNet
“Paul’s experience and track record is unparalled in the financial markets and technology community. I am honored that he has chosen to invest his time as a member of our Board to accelerate TriNet’s vision for the future. It is a testimony to the TriNet team and our market opportunity to have Paul join our already esteemed Board of Directors. We are at an exciting phase of our journey, and Paul’s energy and ideas will be a tremendous asset to TriNet and our customers.”

Paul Chamberlain, Director, TriNet
“The HR market continues to see a lot of disruption. Small and mid-size companies in particular recognize the importance of high quality HR and benefits for attracting and retaining top talent. TriNet is at the forefront of where this industry is going. I am excited about the company’s future and I look forward to contributing to its ongoing business and customer growth strategies.”





About TriNet
TriNet is a leading provider of a comprehensive human resources solution for small to midsize businesses (SMBs). We enhance business productivity by enabling our clients to outsource their human resources, or HR, function to one strategic partner and allowing them to focus on operating and growing their core businesses. Our HR solution includes services such as payroll processing, human capital consulting, employment law compliance and employee benefits, including health insurance, retirement plans and workers compensation insurance. Our services are delivered by our expert team of HR professionals and enabled by our proprietary, cloud-based technology platform, which allows our clients and their employees to efficiently conduct their HR transactions anytime and anywhere. For more information, please visit http://www.trinet.com.

TriNet, Ambitions Realized and the TriNet logo are registered trademarks of TriNet. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.

Media Contacts:
Jock Breitwieser            
TriNet                    
Jock.Breitwieser@TriNet.com        
(510) 875-7250