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Insperity Addresses Cancellation of the Insperity Invitational Amid COVID-19 Concerns

Given cancellation, company plans to make a contribution to nonprofits associated with tournament

Insperity, Inc. (NYSE: NSP), a leading provider of human resources and business performance solutions for America’s best businesses, today addressed the cancellation of the Insperity InvitationalTM presented by UnitedHealthcare®, a PGA TOUR Champions event, originally scheduled for April 27 – May 3, amid concerns related to the COVID-19 outbreak.

"We know that the PGA’s decision to cancel the tournament was difficult, but we agree it is the right thing to do in order to protect the health and well-being of the thousands of individuals associated with the tournament, including the staff, volunteers, players, spectators and the community as a whole," said Paul Sarvadi, Insperity chairman and chief executive officer. "We are strongly committed to this tournament, however, and look forward to being back in 2021. In the meantime, our hearts and sympathies go out to all the individuals, communities and businesses that have been affected by the pandemic, and we want to be part of the solution by following government guidelines in an effort to help curb transmission of the virus."

With the cancellation, Insperity plans to make a contribution to the nonprofits supported by the tournament’s proceeds, further extending Insperity’s mission to help businesses succeed so communities prosper, particularly in this time of need.

Timing for the 2021 Insperity Invitational will be announced at a later date.

About Insperity

Insperity, a trusted advisor to America’s best businesses for more than 33 years, provides an array of human resources and business solutions designed to help improve business performance. Insperity® 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 Optimization® solution. Additional company offerings include Traditional Payroll and Human Capital Management, Time and Attendance, Performance Management, Organizational Planning, Recruiting Services, Employment Screening, Expense Management, Retirement Services and Insurance Services. Insperity business performance solutions support more than 100,000 businesses with over 2 million employees. With 2019 revenues of $4.3 billion, Insperity operates in 83 offices throughout the United States. For more information, visit http://www.insperity.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200318005349/en/

Contacts

Investor Relations Contact:
Douglas S. Sharp
Senior Vice President of Finance,
Chief Financial Officer and Treasurer
281-348-3232
Investor.Relations@insperity.com

News Media Contact:
Suzanne Haugen
Public Relations Manager
281-312-3543
Media@insperity.com