Activist Jeff Smith‘s Starboard Value has reiterated its position in Insperity Inc (NYSE:NSP) and announced its intention to nominate two director candidates to the Board at the this-year annual meeting of stockholders. Starboard nominated John Murphy and Michael F. Shea as candidates, under the terms of an agreement signed last year. The agreement stated that Starboard would nominate three directors, including Peter Feld, Starboard’s Managing Member. Starboard currently holds almost 3.34 million shares of Insperity, which represent 15.7% of the company’s outstanding stock.
Among the funds we follow, the number of investors bullish on Insperity was unchanged during the fourth quarter and 25 funds reported long positions as of the end of December. Starboard Value is the largest shareholder, followed by Alexander Medina Seaver‘s Stadium Capital Management with a $160.6 million position, held at the end of 2015. Other funds with long positions, include Bruce Salomon’s Elberon Capital, Michael R. Weisberg’s Crestwood Capital Management and Jim Simons’ Renaissance Technologies.
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD||1,986,958||3,335,976||1,986,958||3,335,976||1,986,958||9.3%|
|STARBOARD VALUE AND OPPORTUNITY S||444,820||3,335,976||444,820||3,335,976||444,820||2.1%|
|STARBOARD VALUE AND OPPORTUNITY C||241,324||241,324||241,324||1.1%|
|STARBOARD VALUE R||241,324||241,324||241,324||1.1%|
|STARBOARD VALUE R GP||241,324||241,324||241,324||1.1%|
|STARBOARD VALUE GP||3,335,976||3,335,976||3,335,976||15.7%|
|STARBOARD PRINCIPAL CO||3,335,976||3,335,976||3,335,976||15.7%|
|STARBOARD PRINCIPAL CO GP||3,335,976||3,335,976||3,335,976||15.7%|
|JEFFREY C. SMITH||1,120||1,120||3,335,976||15.7%|
|MARK R. MITCHELL||3,335,976||15.7%|
|PETER A. FELD||3,337,096||15.7%|
|MICHAEL F. SHEA||0%|
Page 1 of 26 SEC Filing
(Name, Address and Telephone Number of Person