Business
HireQuest Announces $20 Million Share Repurchase Program
HireQuest, Inc. (NASDAQ: HQI) ("HireQuest" or the "Company"), a global franchisor of on-demand staffing and executive search services, today announced that its Board of Directors has approved a share repurchase program (the "Repurchase Program") that authorizes the Company to repurchase up to $20 million 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 wil
About this update from Hirequest, Inc.
GOOSE CREEK, S.C., Dec. 17, 2025 /PRNewswire/ -- HireQuest, Inc. (NASDAQ: HQI) ("HireQuest" or the "Company"), a global franchisor of on-demand staffing and executive search services, today announced that its Board of Directors has approved a share repurchase program (the "Repurchase Program") that authorizes the Company to repurchase up to $20 million 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. "We believe that a share repurchase program is the best and most efficient use of our capital at this time," Rick Hermanns, Chief Executive Officer of HireQuest, commented. "Repurchasing shares of our common stock on the open market reflects our commitment to prudent capital management and deployment, and reinforces the confidence that the Board and management team have in HireQuest's long-term strategy while simultaneously returning capital to our shareholders." Under the program, HireQuest may repurchase shares from time to time through, among other methods, open market purchases, privately negotiated transactions, block purchases, and/or pursuant to Rule 10b5-1 trading plans, subject to applicable securities laws and other legal requirements and relevant factors. The number of shares purchased and the timing of any purchases will depend upon a number of factors, including the price and availability of the Company's common stock and general market conditions. The repurchase program may be modified, suspended or terminated at any time, without prior notice. Shares repurchased may be reissued later in connection with employee benefit plans and other general corporate purposes. About HireQuestHireQuest is a global franchisor of on-demand, executive search, and commercial staffing solutions. Through its divisions including HireQuest Direct, Snelling Staffing, MRINetwork, TradeCorp, and others, the company provides employment for thousands of individuals each year across a wide range of industries. Important Cautions Regarding Forward-Looking Statements This news release includes, and the company's officers and other representatives may sometimes make or provide certain "forward-looking statements...