Welcome to our dedicated page for Hirequest SEC filings (Ticker: HQI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The HireQuest, Inc. (NASDAQ: HQI) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as a franchisor of staffing and executive search services. Investors can review Forms 8-K and other filings that describe board actions, financial results, shareholder votes, and capital return decisions for this human resources consulting services company.
HireQuest’s recent Form 8-K filings include disclosures about quarterly cash dividends on its common stock, a stock repurchase program authorizing the company to buy back up to a specified dollar amount of shares, and the announcement of quarterly financial results. These filings outline how the Board of Directors approaches dividends, share repurchases, and communication of operating performance. Additional 8-K reports detail matters submitted to a vote of security holders at the annual meeting, including the election of directors, ratification of the independent registered public accounting firm, and advisory votes on executive compensation and its frequency.
Through its SEC reports, HireQuest also furnishes press releases that summarize revenue from franchise royalties and service revenue, selling, general and administrative expenses, workers’ compensation items, and non-U.S. GAAP measures such as Adjusted EBITDA and adjusted net income. These documents help readers understand how the franchise-based staffing model translates into reported financial results and capital structure, including the use of a line of credit and dividend payments.
On Stock Titan, users can view these filings as they are made available from EDGAR and use AI-powered summaries to interpret key points, such as the implications of new repurchase authorizations, dividend declarations, or changes in shareholder voting outcomes. The filings page is also a resource for tracking governance-related information, including board composition decisions and advisory votes, as disclosed in HireQuest’s official SEC submissions.
HireQuest, Inc. reports 2025 results as a national franchisor of light‑industrial and professional staffing offices. Revenue, primarily royalties, license fees, and interest from franchisees, was $30.6 million on system‑wide sales of $500.2 million, reflecting the scale of its franchise network.
The company completed multiple portfolio changes, including a 2024 acquisition of Ready Temporary Services for $1.4 million and a 2023 acquisition of TEC Staffing Services for about $9.8 million. On January 1, 2026, it contributed most MRINetwork non‑contract staffing assets into a new entity, receiving 40% of MRI Operations while retaining contract‑staffing assets.
HireQuest operated 413 franchisee‑owned and one company‑owned office across 43 U.S. states, the District of Columbia, and 14 countries as of December 31, 2025, and used about 75 thousand temporary employees during the year. It recorded non‑cash impairments exceeding $6 million in 2024 and about $892 thousand in 2025 on intangible assets, and discloses extensive risk factors related to economic conditions, regulation, workers’ compensation, technology, and cybersecurity.
HireQuest reported lower 2025 revenue but sharply higher profitability and a stronger balance sheet. Total revenue for 2025 was $30.6 million, down from $34.6 million, while net income rose to $6.3 million, or $0.45 per diluted share, from $3.7 million, or $0.26 per diluted share, helped by much smaller goodwill and intangible impairment charges.
Adjusted EBITDA for 2025 was $14.1 million versus $16.2 million in 2024, and system-wide sales declined to $500.2 million from $563.6 million, reflecting softer activity across the network. The company ended 2025 debt free, with cash of $3.9 million and total liabilities reduced to $19.9 million from $29.2 million.
Management highlighted a strategic change in MRINetwork’s ownership structure, a share repurchase authorization of up to $20 million of common stock, and a quarterly cash dividend of $0.06 per share, underscoring an ongoing focus on capital returns alongside a more balanced staffing market outlook for 2026.
HireQuest, Inc. approved new employment agreements for its Chief Executive Officer, Chief Financial Officer, and Chief Legal Officer effective March 2, 2026. CEO Richard Hermanns will continue in his role through August 31, 2027 with a base salary of $430,000 and multiple performance-based bonus opportunities tied to pre-tax income and Adjusted EBITDA growth.
Hermanns received 25,000 restricted shares, while CFO C. David R. Hartley and Chief Legal Officer John McAnnar each received 10,000 restricted shares, all vesting 50% on the second anniversary of the effective date and 6.25% per quarter over the following eight quarters, with various accelerated vesting protections.
The agreements outline severance, bonus proration, and accelerated equity vesting if employment ends without cause, for good reason, upon non-renewal, or following a change of control, where each executive can receive lump-sum cash severance equal to 150% of base salary plus full vesting of equity awards.
McAnnar John reported acquisition or exercise transactions in this Form 4 filing.
HireQuest, Inc. reported that executive officer John McAnnar received a grant of 10,000 shares of common stock on March 2, 2026 as part of his employment agreement. The award is compensation, not an open-market purchase, and brings his directly held shares to 64,099.
According to the vesting terms, 5,000 of these shares vest on March 2, 2028, while 625 shares vest each fiscal quarter for eight quarters immediately following. The closing stock price on the grant date was $11.91, giving a clear sense of the grant’s market value at issuance.
JACKSON EDWARD reported acquisition or exercise transactions in this Form 4 filing.
HireQuest, Inc. director Edward Jackson received an award of 907 shares of common stock as restricted stock compensation for his Board service. The grant is in lieu of a quarterly cash retainer. According to the filing, 756 of these shares vest on June 2, 2026 and 151 shares vest on March 2, 2028.
After this grant, Jackson directly owns 2,639,184 shares of HireQuest common stock. A footnote notes that the closing price of the company’s common stock on Nasdaq on the grant date was $11.91 per share.
OLMSTEAD JACK A. reported acquisition or exercise transactions in this Form 4 filing.
HireQuest, Inc. director Jack A. Olmstead reported receiving a grant of 1,134 shares of common stock as compensation for his Board of Director services. This award is structured as restricted stock in lieu of a quarterly cash retainer, so no cash changed hands in the transaction.
According to the terms, 945 of these shares vest on June 2, 2026 and 189 shares vest on March 2, 2028, meaning Mr. Olmstead earns full ownership over time. The filing notes that HireQuest’s common stock closed at $11.91 per share on Nasdaq on the grant date, giving a reference market value for this equity compensation.
Shanahan Kathleen M reported acquisition or exercise transactions in this Form 4 filing.
HireQuest, Inc. director Kathleen M. Shanahan received a grant of 1,272 shares of restricted common stock as compensation for Board service in lieu of a quarterly cash retainer. Of these shares, 1,060 vest on June 2, 2026 and 212 vest on March 2, 2028. Following this award, she directly holds 77,037 shares of HireQuest common stock.
Hagenbuch Lawrence F reported acquisition or exercise transactions in this Form 4 filing.
HireQuest, Inc. director Lawrence F. Hagenbuch reported receiving a grant of 1,121 shares of restricted common stock as compensation for board service instead of a quarterly cash retainer. According to the filing, 934 of these shares vest on June 2, 2026 and 187 shares vest on March 2, 2028. After this award, he holds a total of 120,593 common shares directly. The closing price of HireQuest’s common stock on Nasdaq on the grant date was $11.91 per share.
Malhotra R. Rimmy reported acquisition or exercise transactions in this Form 4 filing.
HireQuest, Inc. director Rimmy R. Malhotra reported an equity grant of company stock. He received 1,448 shares of restricted common stock as compensation in lieu of a quarterly cash retainer for board service. According to the filing, 1,207 of these shares vest on June 2, 2026 and 241 shares vest on March 2, 2028.
After this award, Malhotra directly holds 101,888 common shares. Separately, 120,130 shares are held indirectly through Nicoya Fund, LLC. The filing states that Malhotra disclaims beneficial ownership of those Nicoya Fund shares except to the extent of his pecuniary interest.
Hermanns Richard reported acquisition or exercise transactions in this Form 4 filing.
HireQuest, Inc. reported that President and CEO Richard Hermanns received a stock award of 25,000 shares of common stock on March 2, 2026, as part of his executive employment agreement. The award was granted at no cost to him, with the stock closing at $11.91 on the grant date.
Following this grant, Hermanns directly owned 2,976,283 shares of HireQuest common stock. Of the 25,000 awarded shares, 12,500 vest on March 2, 2028, and 1,250 shares vest each fiscal quarter for eight quarters immediately after, tying the compensation to continued service.