HQI News & Events

HireQuest announced that its Board of Directors has approved a share repurchase program that authorizes the company to repurchase up to $20M of its outstanding shares of common stock. HireQuest intends to begin the Repurchase Program and enter into a corresponding 10b5-1 plan as soon as reasonably possible. The Repurchase Program will expire twelve months after its starting date.

HireQuest announced a new ownership structure for MRINetwork, its global executive search brand. The company has transitioned majority ownership to a newly formed leadership group made up of current and former MRINetwork franchise owners. HireQuest will retain partial ownership and continue to support the brand with essential infrastructure, purchasing power, and shared services across its staffing and recruiting network.

HireQuest (HQI) issued the following statements in response to the announcement by TrueBlue (TBI) that its board of directors has rejected HireQuest's previously announced proposal to acquire TrueBlue for $7.50 per share. "We are disappointed that despite the positive response to our offer from TrueBlue shareholders, TrueBlue's Board not only continues to refuse to engage with us to discuss our offer but has even taken steps to deter their shareholders' ability to weigh in," said Rick Hermanns, Chief Executive Officer of HireQuest.