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): April 22, 2007
Administaff, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 1-13998 | 76-0479645 |
| (State or other jurisdiction of | (Commission | (I.R.S. Employer |
| incorporation) | File Number) | Identification No.) |
19001 Crescent Springs Drive
Kingwood, Texas 77339
(Address of principal executive offices and zip code)
Registrant’s telephone number, including area code: (281) 358-8986
Item 1.01. Entry into a Material Definitive Agreement
On April 22, 2007, Administaff, Inc. entered into a new three-year arrangement with UnitedHealthcare for medical and dental insurance coverages. Administaff's capital requirements under the program have been reduced by $2.0 million, from $11.0 million to $9.0 million. Under the terms of the agreement, the costs of certain services will also be reduced to reflect Administaff's and UnitedHealthcare's administrative cost efficiencies. Administaff anticipates realizing savings of approximately $18.3 million over the remainder of the current agreement and the life of the new extended agreement, which includes a $3.3 million credit in May 2007.
Item 2.02. Results of Operations and Financial Condition
On April 23, 2007, Administaff, Inc. issued a press release announcing the company’s preliminary financial and operating results for the quarter ended March 31, 2007. A copy of the press release is furnished as Exhibit 99.1 hereto and incorporated by reference.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits
99.1 - Press release issued by Administaff, Inc. on April 23, 2007.
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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.
| ADMINISTAFF, INC. | ||
| | | |
| By: | ||
John H. Spurgin, II Senior Vice President, Legal, General Counsel and Secretary | ||
| Date: April 25, 2007 | ||
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EXHIBIT INDEX
Exhibit | |
No. | Description |
99.1 . | Press release issued by Administaff, Inc. on April 23, 2007 |
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