TNET 8-K
Trinet Group, Inc. (TNET)
8-K
2025-09-30
For: 2025-09-30
View Original
Added on
April 09, 2026
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): September 30, 2025
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | |||||||||
| (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)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 5.02. Other Events
On September 30, 2025, the Board of Directors (the “Board”) of TriNet Group, Inc. (the “Company”) appointed Janet Kennedy and Madhu Ranganathan as directors to fill two vacancies on the Board, with immediate effect. Ms. Kennedy will serve as a Class I Director, and as such will serve until the Company’s 2027 Annual General Meeting of Stockholders and until her successor is duly elected and qualified, or until her services cease sooner in the event of her earlier death, resignation, or removal. Ms. Ranganathan will serve as a Class II Director, and as such will serve until the Company’s 2028 Annual General Meeting of Stockholders and until her successor is duly elected and qualified, or until her services cease sooner in the event of her earlier death, resignation, or removal.
There is no arrangement or understanding between either of Mses. Kennedy or Ranganathan, on the one hand, and any other persons, on the other hand, pursuant to which Mses. Kennedy or Ranganathan was selected as a director. The Board has determined that each of Mses. Kennedy and Ranganathan is independent within the meaning of the listing standards of the New York Stock Exchange.
Each of Mses. Kennedy and Ranganathan will receive compensation for her service on the Board in accordance with the Board’s Amended and Restated Non-Employee Director Compensation Policy (the “Non-Employee Director Compensation Policy”), as described in the definitive proxy statement for the Company’s 2025 Annual Meeting of Stockholders, filed with the Securities and Exchange Commission (the “SEC”) on April 10, 2025. Each of Mses. Kennedy and Ranganathan is expected to enter into the Company’s standard form of indemnification agreement.
A copy of the press release announcing Mses. Kennedy's and Ranganathan's appointment to the Board is furnished as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit Number | Description | ||||
| 99.1 | Press Release, dated September 30, 2025 | ||||
104 | Cover Page Interactive Data File (embedded with the Inline XBRL document) | ||||
INDEX TO EXHIBITS
| Exhibit Number | Description | ||||
| 99.1 | |||||
| 104 | Cover Page Interactive Data File (embedded with the Inline XBRL document) | ||||
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: | September 30, 2025 | By: | /s/ Sidney Majalya | ||||||||||||||||||||||||||||||||
| Sidney Majalya | |||||||||||||||||||||||||||||||||||
| Senior Vice President, Chief Legal Officer and Secretary | |||||||||||||||||||||||||||||||||||
TriNet Announces Two Appointments to its Board of Directors
Veteran tech executives Janet Kennedy and Madhu Ranganathan join TriNet’s Board, bringing expertise in technology, finance, and transformative growth
Dublin, CA — September 30, 2025 — TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced the appointment of Janet Kennedy and Madhu Ranganathan to its Board of Directors (the “Board”), effective September 30, 2025.
“We are delighted to welcome Janet and Madhu to our Board of Directors,” said TriNet Chairman, David Hodgson. “Their exceptional track records in digital and technology transformation and in finance and artificial intelligence (AI) will be an excellent complement to our distinguished Board. I am confident both Janet and Madhu’s leadership and experience will provide valuable perspectives as we continue to execute against our strategic priorities.”
Janet Kennedy brings over 30 years of expertise in leading digital and technology transformations. Most recently, she served as Vice President, North America Regions of Google Cloud at Alphabet, Inc., where she focused on helping clients leverage emerging technologies to drive their digital transformations. Ms. Kennedy has also held significant leadership roles at Microsoft Corporation, including Vice President, MSUS Digital Transformations Leader, President, Microsoft Canada, and US Enterprise Vice President, West and Central Regions. Additionally, she served at IBM Corporation in various capacities, including as a Business Unit Executive. Ms. Kennedy currently serves on the boards of Canadian Pacific Kansas City Limited (TSX: CP) (NYSE: CP) (CPKC) and Duluth Holdings Inc. (NASDAQ: DLTH).
Ms. Kennedy holds a B.S. in Industrial Management/Industrial Engineering from Purdue University and an M.B.A. from the McColl School of Business at Queens University of Charlotte.
Madhu Ranganathan is the recently retired President, Chief Financial Officer, and Leader of Corporate Development at OpenText, a leading information management company. During her seven-year tenure at OpenText, revenue grew from $2.4 billion to over $5 billion, and she led transformative growth through acquisitions and strategic divestitures, accelerating cloud growth while delivering strong margins and cash flows.
Prior to OpenText, Ms. Ranganathan served for over nine years as the Chief Financial Officer for [24]7.ai, a global enterprise-class software and services company that uses artificial intelligence (AI) and machine learning to enhance customer experience.
Her experience also includes senior finance leadership roles at Rackable Systems (acquired by Silicon Graphics), Redback Networks (acquired by Ericsson) and Price Waterhouse LLP.
Ms. Ranganathan brings more than 30 years of financial leadership experience, with deep operational focus in software, hardware and tech-enabled service businesses. She currently serves on the board and Audit/Finance committees of Bank of Montreal (TSX:BMO) and Akamai Technologies (NASDAQ: AKAM). She also maintains an advisory role at emerging technology ventures intersecting with AI.
Ms. Ranganathan is a member of the Institute of Chartered Accountants, India, holds an M.B.A. in Finance from the University of Massachusetts, and is a member of the American Institute of Certified Public Accountants.
About TriNet
TriNet is a leading provider of Human Resources solutions for small and medium-size businesses, offering advanced technology-enabled services that include human capital expertise, employee benefits such as health insurance and retirement plans, payroll and payroll tax administration, risk mitigation, and compliance consulting. Our long-term objective is to be the premier provider of HR services for a broad range of SMBs through industry leading benefits, sales distribution excellence, and a world class services delivery model. For more information, visit TriNet.com or follow us on Facebook, LinkedIn and Instagram.
Investors: | Media: | ||||
Alex Bauer | Renee Brotherton/Josh Gross | ||||
TriNet | TriNet | ||||
| [email protected] | |||||