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BBSI Introduces New Regional VP for Northern California

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Barrett Business Services (NASDAQ: BBSI) announced on December 16, 2025 the promotion of Larry Lewis to Regional Vice President, Northern California. In his expanded role Lewis will lead branch management teams across Northern California, strengthen referral partner relationships with insurance brokers, CPAs and associations, and support local client services and leader development.

Lewis is a 17-year BBSI veteran credited with improving branch performance and building high-performing teams. Company leaders said the move aligns with BBSI’s strategy to expand presence and accelerate growth in Northern California.

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News Market Reaction 1 Alert

+1.88% News Effect

On the day this news was published, BBSI gained 1.88%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Tenure at BBSI 17 years Larry Lewis experience with company
Q3 2025 revenue $318.9M Third quarter 2025 results
Q3 2025 gross billings $2.322B Third quarter 2025 results
Q3 2025 net income $20.6M Third quarter 2025 results
Average WSEs 141,492 Average worksite employees in Q3 2025
Repurchase program $100M Authorized stock repurchase program
Insider purchase 1,000 shares at $34.83 Director open-market buy on 11/11/2025
Thrivent ownership 1,901,425 shares (7.4%) Schedule 13G/A filed Oct 07, 2025

Market Reality Check

$36.89 Last Close
Volume Volume 191,666 is slightly below the 20-day average of 205,957 ahead of this announcement. normal
Technical Shares at $36.22 are trading below the 200-day MA $41.87, indicating a weaker intermediate trend pre-announcement.

Peers on Argus

Peers showed mixed moves: MAN -0.57%, KELYA -1.54%, KFRC -1.15%, KELYB +1.67%, while HSII was flat. With BBSI at -0.96%, trading appears more stock-specific than a broad sector shift.

Historical Context

Date Event Sentiment Move Catalyst
Dec 09 Branch expansion Positive +1.1% Opened Nashville/Franklin branch to expand Southern footprint and local support.
Dec 02 Workplace recognition Positive +1.0% Earned fifth consecutive Great Place To Work® Certification based on employee feedback.
Nov 05 Q3 2025 earnings Positive +1.2% Reported Q3 revenue, gross billings, and net income growth with strong balance sheet.
Oct 22 Earnings call schedule Neutral +0.1% Announced timing and access details for Q3 2025 earnings conference call.
Aug 06 Q2 2025 earnings Positive +5.6% Posted strong Q2 growth with higher revenue, billings, WSEs, and new buyback program.
Pattern Detected

Recent news — including branch expansion, workplace recognition, and earnings — has generally been followed by positive next-day price reactions.

Recent Company History

Over the last six months, BBSI has reported steady operational and geographic growth. Q2 and Q3 2025 earnings showed rising revenues, gross billings, and net income, alongside active share repurchases and dividends. The company also expanded its footprint with a new Nashville branch and highlighted culture strength via a fifth consecutive Great Place To Work® certification. Each of these announcements saw positive 24-hour price reactions, framing today’s Northern California leadership promotion within a broader growth and execution narrative.

Market Pulse Summary

This announcement highlights an internal promotion to Regional Vice President for Northern California, reinforcing BBSI’s focus on leadership depth and regional expansion. It follows recent milestones including Q2 and Q3 2025 earnings growth, new branch openings, and culture recognition. Investors may monitor how this leadership change supports branch performance, referral partner growth, and client retention in a key market, alongside ongoing capital returns through repurchases and dividends documented in recent filings.

Key Terms

professional employer organizations (PEO) financial
"one of the largest professional employer organizations (PEO) in the U.S."
A professional employer organization (PEO) is a firm that handles payroll, employee benefits, tax withholding, workers’ compensation, and HR compliance for other businesses while sharing employer responsibilities. Think of it as outsourcing your company’s HR department to a partner that takes on paperwork and legal duties so the business can focus on operations. Investors care because PEOs create steady, contract-based revenue, affect client labor costs and legal risk, and can scale with workforce growth.

AI-generated analysis. Not financial advice.

VANCOUVER, Wash., Dec. 16, 2025 (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. (BBSI) (NASDAQ: BBSI), a leading provider of business management solutions and one of the largest professional employer organizations (PEO) in the U.S., today announced the promotion of Larry Lewis to Regional Vice President of Northern California.

In his expanded role, Lewis will provide strategic leadership and guidance to branch management teams across Northern California, supporting the company’s ongoing growth in these key markets. He has become a trusted leader within BBSI, known for strengthening branch performance, elevating client relationships, and developing high-performing leaders and teams.

“Larry has an exceptional ability to connect with business owners and referral partners and deliver meaningful impact in the communities we serve,” said Gary Kramer, President & CEO of BBSI. “His leadership, discipline, and deep understanding of the Northern California market make him the right person to guide the region forward.”

This strategic move reinforces BBSI’s investment in expanding its presence across Northern California and strengthening its referral partner network. Lewis will play a key role in advancing relationships with insurance brokers, CPAs, associations, and other business advisors, ensuring more employers have access to BBSI’s locally supported solutions.

“Larry is a 17-year veteran at BBSI with experience leading high-performing operations coast to coast. He remains dedicated to building teams that consistently provide outstanding support to referral partners and clients,” said Gerald Blotz, BBSI’s Chief Operating Officer. “His leadership will help us align our strategy, accelerate growth, and deepen the advisory partnerships that fuel our impact.”

“I’m honored to serve Northern California in this expanded capacity. We often say that people are our product, and I’m incredibly proud of the support our teams provide to clients. I look forward to working with the Northern California branches to continue developing future leaders who will help drive our clients’ success,” said Lewis. “Our local team members and referral partners are essential to how we help businesses thrive, and I’m excited to continue building those relationships across the region.”

About BBSI

BBSI (NASDAQ: BBSI) is a leading provider of business management solutions, combining human resource outsourcing and professional management consulting to create a unique operational platform that differentiates it from competitors. The company’s integrated platform is built upon expertise in payroll processing, employee benefits, workers’ compensation coverage, risk management and workplace safety programs, and human resource administration. BBSI’s partnerships help businesses of all sizes improve the efficiency of their operations. The company works with more than 8,100 PEO clients in all 50 states. For more information, please visit www.bbsi.com.

Investor Relations

Gateway Group, Inc.
Cody Slach
Tel 1-949-574-3860
BBSI@gatewayir.com

Media Relations

Francisco Chamorro
Tel 1-360-828-0700
Francisco.Chamorro@bbsi.com


FAQ

What did BBSI announce on December 16, 2025 regarding leadership changes?

BBSI promoted Larry Lewis to Regional Vice President for Northern California to lead branch teams and referral partnerships.

How long has Larry Lewis worked at BBSI before his December 2025 promotion?

Larry Lewis is a 17-year veteran at BBSI.

What responsibilities will BBSI's Northern California regional VP (BBSI) have?

He will provide strategic leadership to branch management, deepen relationships with brokers, CPAs and associations, and develop local leaders.

Does the BBSI leadership change on December 16, 2025 affect national strategy?

Company comments say the promotion supports BBSI’s strategy to expand presence and accelerate growth in Northern California.

Will BBSI (NASDAQ: BBSI) investors see immediate financial guidance changes from this promotion?

No financial guidance or figures were provided with the promotion announcement.
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