Insperity Announces Preliminary Results of Dutch Auction Tender Offer

Mon Dec 24, 2012 8:00am EST

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HOUSTON--(Business Wire)--
Insperity, Inc. (NYSE: NSP), a leading provider of human resources and business
performance solutions for America`s best businesses, today announced the
preliminary results of its modified "Dutch auction" tender offer, which expired
at 11:59 p.m., New York City time, on Dec. 21, 2012. 

Based on the preliminary count by Computershare Trust Company, N.A., the
depositary for the tender offer, 80,983 shares of common stock, including 34,100
shares that were tendered through notice of guaranteed delivery, were properly
tendered and not withdrawn, all of which were tendered at a price at or below
$31.00. Based on these preliminary results, we expect to purchase 80,983 shares
at a price of $31.00 per share for a total cost of $2.5 million, excluding fees
and expenses relating to the tender offer. 

The number of shares to be purchased in the tender offer and the price per share
are preliminary. The determination of the final number of shares to be purchased
is subject to confirmation by the depositary of the proper delivery of the
shares properly tendered and not withdrawn. The actual number of outstanding
shares properly tendered and not withdrawn, the number of shares to be purchased
in the tender offer, the final price per share for shares purchased in the
tender offer and the number of shares of our common stock that will be
outstanding after payment for the tendered shares will be announced promptly
following the completion of the confirmation process. Payment for the shares
accepted for purchase will occur promptly thereafter. Payment for shares will be
made in cash, without interest. We will fund the purchase of the shares in the
tender offer from cash on hand. 

As noted in the Offer to Purchase, we may purchase additional shares in the
future in the open market subject to market conditions. We may also purchase
shares in private transactions, tender offers or otherwise. However, under
applicable securities laws, we may not repurchase any shares until after Jan. 8,
2013. Any possible future purchases by us will depend on many factors, including
the market price of the shares, the results of the tender offer, our business
and financial position and general economic and market conditions. 

Georgeson Inc. serves as information agent for the tender offer. The dealer
manager for the tender offer is Robert W. Baird & Co. Incorporated. Questions
and requests for assistance may be directed to the information agent at (800)
509-0917 (toll free) or the dealer manager at (414) 298-7382. 

About Insperity

Insperity, a trusted advisor to America`s best businesses for more than 26
years, provides an array of human resources and business solutions designed to
help improve business performance. InsperityTM Business Performance Advisors
offer the most comprehensive suite of products and services available in the
marketplace. 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 business performance solutions support more than 100,000
businesses with over 2 million employees. With 2011 revenues of $2 billion,
Insperity operates in 56 offices throughout the United States. For more
information, visit http://www.insperity.com. 

Information on Forward Looking Statements

Certain statements in this news release are "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. These statements
include assumptions, expectations, predictions, intentions or beliefs about
future events, including the completion of the offer. Although Insperity
believes that such statements are based on reasonable assumptions, no assurance
can be given that such statements will prove to have been correct. A number of
factors could cause actual results to vary materially from those expressed or
implied in any forward-looking statements. More information about the risks and
uncertainties relating to Insperity and the forward-looking statements are found
in Insperity`s SEC filings, including its Annual Report on Form 10-K for the
fiscal year ended Dec. 31, 2011 and its Quarterly Reports on Form 10-Q for the
quarters ended March 31, 2012, June 30, 2012 and Sept. 30, 2012, which is
available free of charge on the SEC`s web site at http://www.sec.gov. Insperity
expressly disclaims any obligation to update any forward-looking statements
contained in this news release to reflect events or circumstances that may arise
after the date of this release, except as otherwise required by applicable law.

Insperity, Inc.
Investor Relations Contact:
Douglas S. Sharp, 281-348-3232
Senior Vice President of Finance,
Chief Financial Officer and Treasurer
or
News Media Contact:
Jason Cutbirth, 281-312-3085
Senior Vice President of Marketing
jason.cutbirth@insperity.com

Copyright Business Wire 2012
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