Dutch Auction Tender Offer

Technology & Services
Dutch Auction Tender Offer


Baird served as exclusive financial advisor and dealer manager on this offering


Insperity, Inc. (“Insperity” or the “Company”) (NYSE: NSP) recently completed a modified “Dutch auction” tender offer in which the Company offered to purchased up to $50 million of its common stock at a price per share of $27.00 -$31.00. Pursuant to the tender offer, the Company purchased 80,983 common shares at a price of $31.00 for a total cost of $2.5 million. The tender offer commenced on November 26, 2012 and expired on December 24, 2012 at 5:00 PM ET and was entirely funded by cash reserves on hand. The closing price of Insperity’s common stock on December 24, 2012 was $32.32.

Insperity provides an array of human resources and business solutions designed to help improve business performance. Insperity delivers administrative relief, better benefits, reduced liabilities and a systematic way to improve productivity through its premier Workforce OptimizationTM solution. Additional company offerings include Human Capital Management, Payroll Services, Time and Attendance, Performance Management, Organizational Planning, Recruiting Services, Employment Screening, Financial Services, Expense Management, Retirement Services and Insurance Services. Insperity operates in 56 offices throughout the United States and is headquartered in Kingwood, Texas.

For additional information about this transaction, please contact:

Bret Schoch 312-609-4965
Peter Kies 414-765-7262
John Roesner 414-765-3502
Tim Shea 414-298-6203
David Silver +44 (0) 20 7667 8216
Technology & Services
Dutch Auction Tender Offer
December 2012
Insperity, Inc.
Technology & Services
Target Location
North America