What changed in this filing

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Item 1A. Risk Factors

2021-05-04 compared with 2020-11-02 · 18 added, 16 removed, 21 unchanged (62% of the section changed)

3 unchanged sentences

Forward-looking statements involve a number of risks and uncertainties.

In the normal course of business, Insperity, Inc., in an effort to help keep our stockholders and the public informed about our operations, may from time to time issue such forward-looking statements, either orally or in writing.

Generally, these statements relate to business plans or strategies, projected or anticipated benefits or other consequences of such plans or strategies, or projections involving anticipated revenues, earnings, unit growth, profit per worksite employee, pricing, operating expenses, benefits and workers’ compensation costs, or other aspects of operating results.

We base the forward-looking statements on our expectations, estimates and projections at the time such statements are made.

These statements are not guarantees of future performance and involve risks and uncertainties that we cannot predict.

In the normal course of business, in an effort to help keep our stockholders and the public informed about our operations, from time to time, we may issue such forward-looking statements, either orally or in writing.

Generally, these statements relate to business plans or strategies;

projected or anticipated benefits or other consequences of such plans or strategies;

or projections involving anticipated revenues, earnings, average number of worksite employees, benefits and workers’ compensation costs, or other operating results.

We base the forward-looking statements on our current expectations, estimates and projections.

We caution you that these statements are not guarantees of future performance and involve risks, uncertainties and assumptions that we cannot predict.

In addition, we have based many of these forward-looking statements on assumptions about future events that may prove to be inaccurate.

6 unchanged sentences

and the related disruptions and economic impact to our business and the small and medium-sized businesses that we serve;

• regulatory and tax developments and possible adverse application of various federal, state and local regulations;

• the ability to secure competitive replacement contracts for health insurance and workers’ compensation insurance at expiration of current contracts;

• cancellation of client contracts on short notice, or the inability to renew client contracts or attract new clients;

• vulnerability to regional economic factors because of our geographic market concentration;

• failure to comply with covenants under our credit facility;

• our liability for worksite employee payroll, payroll taxes and benefits costs;

• increases in health insurance costs and workers’ compensation rates and underlying claims trends, health care reform, financial solvency of workers’ compensation carriers, other insurers or financial institutions, state unemployment tax rates, liabilities for employee and client actions or payroll-related claims;

• cancellation of client contracts on short notice, or the inability to renew client contracts or attract new clients;

• the ability to secure competitive replacement contracts for health insurance and workers’ compensation insurance at expiration of current contracts;

• regulatory and tax developments and possible adverse application of various federal, state and local regulations;

• failure to manage growth of our operations and the effectiveness of our sales and marketing efforts;

• the impact of the competitive environment and other developments in the human resources services industry, including the PEO industry, on our growth and/or profitability;

• our liability for worksite employee payroll, payroll taxes and benefits costs;

• our liability for disclosure of sensitive or private information;

• our ability to integrate or realize expected returns on our acquisitions;

• failure of our information technology systems;

Insperity | 2020 Third Quarter Form 10-Q 36

OTHER INFORMATION

• an adverse final judgment or settlement of claims against Insperity;

• disruptions to our business resulting from the actions of certain stockholders.

• disruptions of our information technology systems;

Insperity | 2021 First Quarter Form 10-Q

OTHER INFORMATION

• our liability or damage to our reputation relating to disclosure of sensitive or private information;

• failure of third-party providers, data centers or cloud service providers;

• our ability to integrate or realize expected returns on our acquisitions.

These factors are discussed in further detail in our Annual Report on Form 10-K for the year ended December 31, 2020 under “Item 1A.

Risk Factors” in Part I and “Item 7.

Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II, and in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, under “Item 1A.

Risk Factors” in Part II, and elsewhere in this report.

Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II, and elsewhere in this report.

Any of these factors, or a combination of such factors, could materially affect the results of our operations and whether forward-looking statements we make ultimately prove to be accurate.

1 unchanged sentence

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1A. Risk Factors