Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.
On August 18, 2022, Jonathan Lee notified TriNet Group, Inc. (the "Company") of
his decision to resign as Chief Accounting Officer to pursue a new opportunity.
Mr. Lee's resignation is not due to any disagreement with the Company on any
matter relating to the Company's operations, policies, or practices. Mr. Lee
will continue to serve as Chief Accounting Officer while transitioning his
responsibilities into September 2022.
Following the effective time of Mr. Lee's resignation in September 2022, Kelly
Tuminelli, the Company's Executive Vice President and Chief Financial Officer,
will resume concurrent designations as the Company's principal financial officer
and principal accounting officer. Ms. Tuminelli, age 54, has more than 30 years
of financial services experience in the insurance, investment and consulting
industries. Prior to joining the Company, Ms. Tuminelli served at Genworth
Financial (formerly GE Financial Assurance), a leading provider of mortgage
insurance and long-term care insurance, as Executive Vice President and Chief
Financial Officer from October 2015 to August 2020. Prior to this time and since
March 1996, Ms. Tuminelli served in various finance roles of increasing
responsibility with Genworth Financial and its predecessor company. Prior to her
time at Genworth Financial, she was a manager at PricewaterhouseCoopers LLP. She
is a Certified Public Accountant and a Chartered Global Management Accountant.
Ms. Tuminelli holds a Bachelor of Arts Degree in Business Administration,
Accounting, from the University of Washington.
No new compensatory arrangements will be entered into in connection with Ms.
Tuminelli's designation as the Company's principal accounting officer. Ms.
Tuminelli remains party to that certain Employment Agreement with the Company,
dated August 13, 2020, previously included as Exhibit 10.23 on the Company's
Form 10-K for the fiscal year ended December 31, 2021. Ms. Tuminelli has no
family relationships with any director, executive officer, or person nominated
or chosen by the Company to become a director or executive officer of the
Company. Ms. Tuminelli is not a party to any transaction required to be
disclosed pursuant to Item 404(a) of Regulation S-K.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit
Number Description
104 Cover Page Interactive Data File (embedded with the Inline XBRL document)
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