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Administaff Board Expands Share Repurchase Program among Other Actions.


HOUSTON -- Administaff, Inc. (NYSE NYSE

See: New York Stock Exchange
:ASF See Windows Media formats.

1. (language) ASF - Algebraic Specification Language.
2. (body) ASF - Analytical Solutions Forum.
), a leading provider of human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees.  services for small and medium-sized businesses, today announced three recent actions by its board of directors.

Administaff's board authorized an expansion of its share repurchase Share Repurchase

A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued.
 program by an additional one million shares. Year to date, the company has repurchased 2,148,614 shares, including 388,200 shares repurchased since Oct. 1, 2007. As a result of the expansion, Administaff now has 1,335,637 shares available for repurchase. Administaff intends to adopt Rule 10b5-1 prearranged pre·ar·range  
tr.v. pre·ar·ranged, pre·ar·rang·ing, pre·ar·rang·es
To arrange in advance.



pre
 stock trading plans to facilitate the repurchase its common stock during times it would not otherwise be in the market due to self-imposed trading blackout periods Blackout Period

1. A term that refers to a temporary period in which access is limited or denied.

2. A period of around 60 days during which employees of a company with a retirement or investment plan cannot modify their plans.
 or possible possession of nonpublic information Nonpublic information

Information about a company that is not known by the general public, which will have a definite impact on the stock price when released. See: Insider trading.
.

The company's board also declared a quarterly dividend of $0.11 per share. The cash dividend will be paid on Dec. 13, 2007, to all stockholders of record as of Nov. 28, 2007.

Administaff's board also approved the amendment and restatement of its existing Stockholder Rights Plan adopted on Jan. 20, 1998 to, among other things, extend the expiration date Expiration Date

The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.

Notes:
The expiration date for all listed stock options in the U.S.
 of the plan from Feb. 9, 2008, to Nov. 13, 2017. The rights have certain anti-takeover effects designed to prevent attempts to acquire the company without the approval of Administaff's board of directors. The adoption of the Rights Plan is a means of safeguarding against abusive takeover tactics and is not in response to any accumulation of shares or hostile takeover Hostile Takeover

A takeover attempt that is strongly resisted by the target firm.

Notes:
Hostile takeovers are usually bad news, as the employee moral of the target firm can quickly turn to animosity against the acquiring firm.
 attempt.

Administaff is the nation's leading professional employer organization A professional employer organization (PEO) provides outsourcing of payroll, workers' compensation, human resources and employee benefits administration. It does this by hiring a client company’s employees, thus becoming their employer of record.  (PEO), serving as a full-service human resources department that provides small and medium-sized businesses with administrative relief, big-company benefits, reduced liabilities and a systematic way to improve productivity. The company operates 47 sales offices in 23 major markets. For additional information, visit Administaff's Web site at http://www.administaff.com.

The statements contained herein that are not historical facts are forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 within the meaning of the federal securities laws (Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). You can identify such forward-looking statements by the words "expects," "intends," "plans," "projects," "believes," "estimates," "likely," "possibly," "probably," "goal," "objective," "target," "assume," "outlook," "guidance," "predicts," "appears," "indicator" and similar expressions. Forward-looking statements involve a number of risks and uncertainties. In the normal course of business, Administaff, 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 Operating expenses

The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted.
 or other aspects of operating results. We base the forward-looking statements on our current expectations, estimates and projections. These statements are not guarantees of future performance and involve risks and uncertainties 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. Therefore, the actual results of the future events described in such forward-looking statements could differ materially from those stated in such forward-looking statements. Among the factors that could cause actual results to differ materially are: (i) changes in general economic conditions; (ii) regulatory and tax developments and possible adverse application of various federal, state and local regulations, including but not limited to the California State Unemployment Tax matter; (iii) changes in our direct costs and operating expenses including, but not limited to, increases in health insurance costs and workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work.  rates and underlying claims trends, financial solvency of workers' compensation carriers and other insurers, state unemployment tax rates, liabilities for employee and client actions or payroll-related claims, changes in the costs of expanding into new markets, and failure to manage growth of our operations; (iv) the effectiveness of our sales and marketing efforts; (v) changes in the competitive environment in the PEO industry, including the entrance of new competitors and our ability to renew or replace client companies; (vi) our liability for worksite employee payroll and benefits costs; and (vii) an adverse final judgment or settlement of claims against Administaff. These factors are discussed in further detail in Administaff's filings with the U.S. Securities and Exchange Commission. 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.
COPYRIGHT 2007 Business Wire
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Copyright 2007, Gale Group. All rights reserved.

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Publication:Business Wire
Date:Nov 14, 2007
Words:741
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