HireQuest, Inc 8-K, filed May 5, 2021
HireQuest, Inc. (HQI)
8-K
2021-05-05
For: 2021-05-05
View Original
Added on
April 07, 2026
About this 8-K
HireQuest, Inc filed this 8-K on May 5, 2021.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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): May 5,
2021
HIREQUEST,
INC.
(Exact
name of registrant as specified in its Charter)
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Delaware
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000-53088
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91-2079472
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(State
or Other Jurisdiction of
Incorporation
or Organization)
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(Commission
File
Number)
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(I.R.S.
Employer
Identification
No.)
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111
Springhall Drive, Goose Creek, SC
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29445
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(Address
of Principal Executive Offices)
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(Zip
Code)
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(843)
723-7400
(Registrant’s
telephone number, including area code)
_________________________________
(Former
name, former address and former fiscal year, if changed since last
report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation
of the registrant under any of the following provisions
(see General Instruction A.2.
below):
☐ Written communications pursuant to Rule 425 under
the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under
the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
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Title of Each
Class
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Trading
Symbol(s)
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Name of Each
Exchange on Which Registered
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Common Stock,
$0.001 par value
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HQI
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The NASDAQ Stock
Market LLC
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Indicate
by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of
1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended
transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the
Exchange Act. ☐
Item
7.01 Regulation FD Disclosure.
On May 5, 2021,
HireQuest, Inc. (the "Company") announced that its Board of
Directors declared a quarterly cash dividend of $0.06 per share of
common stock. The dividend will be payable June 15, 2021 with a
record date of June 1, 2021. A copy of the press release announcing
the quarterly dividend is attached hereto as Exhibit
99.1.
The information in
this Item 7.01 and in Exhibit 99.1 attached hereto, is being
furnished and shall not be deemed "filed" for the purposes of
Section 18 of the
Securities Exchange Act of 1934, as amended (the “Exchange
Act”), or otherwise subject to the liabilities of that
Section, nor shall it be deemed subject to the requirements of
amended Item 10 of Regulation S-K, nor shall it be deemed
incorporated by reference into any filing of the Company under the
Securities Act of 1933, as amended, or the Exchange Act, whether
made before or after the date hereof, regardless of any general
incorporation language in such filing. The furnishing of this
information hereby shall not be deemed an admission as to the
materiality of such information.
The information in this report and Exhibit 99.1 hereto may contain
"forward-looking statements" within the meaning of Section 27A of
the Securities Act and Section 21E of the Exchange Act. All
statements, other than statements of historical or current fact,
are statements that could be deemed forward-looking statements,
including, without limitation, statements relating to our
declaration of quarterly dividends, the financial performance of
our business, and the economic recovery. Forward-looking statements
are based on the current beliefs, assumptions, and expectations of
management and current market conditions. There can be no assurance
that future dividends will be declared, and the payment of this
quarterly dividend is expressly conditioned on the Board not
revoking the dividend before the payment date. The declaration of
future dividends is subject to approval of the Board of Directors
each quarter after its review of the Company's financial
performance and cash needs. Declaration of future dividends is also
subject to various risks and uncertainties, including: the
Company's cash flow and cash needs; compliance with applicable law;
restrictions on the payment of dividends under existing or future
financing arrangements; changes in tax laws relating to corporate
dividends; the deterioration in the Company's financial condition
or results; and those risks, uncertainties, and other factors
identified from time to time in the Company's filings with the
Securities and Exchange Commission.
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Item 9.01 Financial
Statements and Exhibits.
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Exhibit
Index
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Exhibit
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Description
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Press
Release dated May 5, 2021 (furnished only)
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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.
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HIREQUEST,
INC.
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(Registrant)
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Date: May 5,
2021
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/s/ John McAnnar
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John
McAnnar
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Chief Legal
Officer,
Vice President, and
Corporate Secretary
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HireQuest Announces Increased Quarterly Cash Dividend of $0.06 Per
Share
Dividend to be Paid on June 15, 2021, to Shareholders of Record on
June 1, 2021
GOOSE CREEK, South Carolina – May 5, 2021 – HireQuest,
Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary,
and commercial staffing services, today announced
that its Board of Directors has declared an increased quarterly
cash dividend of $0.06 per share, representing an annualized
dividend yield of 1.3% based on the closing price of the
Company’s common stock on May 4, 2021.
“Our
franchisees are rebounding well,” commented Rick Hermanns,
HireQuest’s CEO. “With the Snelling and Link
acquisitions now closed and largely integrated our board has
increased our quarterly dividend by 20% based on our continued
confidence in our business and expectations regarding the economic
recovery.”
The
dividend will be paid on June 15, 2021. The record date is June 1,
2021.
The
company intends to pay quarterly cash dividends on its common stock
each year in March, June, September, and December, subject to final
approval by the Board of Directors each quarter after its review of
the Company’s financial performance.
About HireQuest
HireQuest,
Inc. is a nationwide franchisor that provides on-demand labor and
commercial staffing solutions in the light industrial, blue-collar,
and commercial segments of the staffing industry for HireQuest
Direct, HireQuest, Snelling, and LINK franchised offices across the
United States. Through its national network of over 200
franchisee-owned offices in more than 35 states and the District of
Columbia, HireQuest provides employment for approximately 60,000
individuals annually that work for thousands of customers in
numerous industries including construction, light industrial,
manufacturing, hospitality, clerical, medical, travel, and event
services. For more information, visit www.hirequest.com.
Important Cautions Regarding Forward-Looking
Statements
This news release includes, and the company’s officers and
other representatives may sometimes make or provide certain
estimates and other forward-looking statements within the meaning
of the safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act,
and Section 21E of the Exchange Act, including, among others,
statements with respect to future economic conditions, future
revenue or sales and the growth thereof; operating results;
anticipated benefits of the acquisition of Snelling and/or LINK, or
the status of integration of those entities. Forward-looking
statements can be identified by words such as:
“anticipate,” “intend,” “plan,”
“goal,” “seek,” “believe,”
“project,” “estimate,”
“expect,” “strategy,” “future,”
“likely,” “may,” “should,”
“will,” and similar references to future
periods.
While the company believes these statements are accurate,
forward-looking statements are not historical facts and are
inherently uncertain. They are based only on the company’s
current beliefs, expectations, and assumptions regarding the future
of its business, future plans and strategies, projections,
anticipated events and trends, the economy, and other future
conditions. The company cannot assure you that these expectations
will occur, and its actual results may be significantly different.
Therefore, you should not place undue reliance on these
forward-looking statements. Important factors that may cause actual
results to differ materially from those contemplated in any
forward-looking statements made by the company include the
following: the level of demand and financial performance of the
temporary staffing industry; the financial performance of the
company’s franchisees; changes in customer demand; the
effects of any global pandemic including the impact of the novel
coronavirus disease ("COVID-19"); the extent to which the company
is successful in gaining new long-term relationships with customers
or retaining existing ones, and the level of service failures that
could lead customers to use competitors’ services;
significant investigative or legal proceedings including, without
limitation, those brought about by the existing regulatory
environment or changes in the regulations governing the temporary
staffing industry and those arising from the action or inaction of
the company’s franchisees and temporary employees; strategic
actions, including acquisitions and dispositions and the
company’s success in integrating acquired businesses
including, without limitation, successful integration following the
acquisitions of Snelling and LINK; disruptions to the
company’s technology network including computer systems and
software; natural events such as severe weather, fires, floods, and
earthquakes, or man-made or other disruptions of the
company’s operating systems; and the factors discussed in the
“Risk Factors” section and elsewhere in the
company’s most recent Annual Report on Form
10-K.
Any forward-looking statement made by the company or its management
in this news release is based only on information currently
available to the company and speaks only as of the date on which it
is made. The company and its management disclaim any obligation to
update or revise any forward-looking statement, whether written or
oral, that may be made from time to time, based on the occurrence
of future events, the receipt of new information, or otherwise,
except as required by law.
Company
Contact:
Investor
Relations Contact:
HireQuest,
Inc.
Hayden
IR
Cory Smith,
CFO
Brett
Maas
(800)
835-6755
(646)
536-7331
Email: Cssmith@hirequest.com
Email: brett@haydenir.com