HQI Board Approves $0.06 Dividend; Record Date Sep 1, 2025

Rhea-AI Filing Summary

HireQuest's Board declared a quarterly cash dividend of $0.06 per share of common stock, expected to be paid on September 15, 2025 to holders of record on September 1, 2025. The company announced the dividend in a press release attached as Exhibit 99.1 to this filing.

The filing emphasizes that the dividend payment is conditioned on the Board not revoking the declaration and that future dividends require quarterly Board approval after review of the company's financial performance and cash needs. The company identifies specific risk factors that could affect future dividends, including cash flow and cash needs, restrictions under financing arrangements, changes in tax law, and deterioration in financial condition.

Positive

• Board declared a quarterly cash dividend of $0.06 per share, with a specified payment date and record date.
• Dividend announcement furnished via press release (Exhibit 99.1), providing formal public disclosure to investors.

Negative

• Dividend payment is conditional on the Board not revoking the declaration prior to the payment date.
• Future dividends are not guaranteed and are subject to quarterly Board approval and risks including cash flow, financing restrictions, tax law changes, and deterioration in financial condition.

Insights

Financial Analyst

TL;DR: Routine quarterly dividend declared; provides near-term cash return but is discretionary and subject to company liquidity and board approval.

The Board's declaration of a $0.06 per-share quarterly dividend is a clear signal of a current cash-return policy and is immediately relevant to income-focused shareholders. The payment and record dates are specified, and the announcement is furnished via an attached press release. Materially, the filing stresses that future dividends are not guaranteed: each distribution requires quarterly Board approval and depends on cash flow, financing covenants, tax considerations, and the company's financial condition. For investors this is a positive recurring cash event while remaining conditional on liquidity and governance review.

Corporate Governance Expert

TL;DR: Board action demonstrates governance of shareholder distributions but preserves full discretion and conditions on corporate and contractual limits.

The disclosure follows standard governance practice by furnishing the press release and stating the conditional nature of the dividend. The company explicitly notes that the information is "furnished" and not "filed," and that dividends are subject to quarterly Board review and potential revocation before payment. The filing lists common risk factors (cash flow, financing restrictions, tax law changes, deterioration in financial condition) that could restrict dividend actions. From a governance perspective, the Board retains control and flexibility while communicating a current intention to distribute cash.

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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): August 12, 2025

HIREQUEST, INC.

(Exact name of registrant as specified in its Charter)

Delaware		000-53088		91-2079472
(State or Other Jurisdiction of Incorporation or Organization)		(Commission File Number)		(I.R.S. Employer Identification No.)

111 Springhall Drive, Goose Creek, SC		29445
(Address of Principal Executive Offices)		(Zip Code)

(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:

Title of Each Class	Trading Symbol(s)	Name of Each Exchange on Which Registered
Common Stock, $0.001 par value	HQI	The NASDAQ Stock Market LLC

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 August 12, 2025, HireQuest, Inc. (the "Company") announced that its Board of Directors had declared a quarterly cash dividend of $0.06 per share of common stock expected to be paid September 15, 2025 with a record date of September 1, 2025. This announcement is contained in a press release issued by the Company and attached hereto as Exhibit 99.1.

The information in this Item 7.01 of this Current Report on Form 8-K, including 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 in 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 and payment of quarterly dividends. 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.

Item 9.01         Financial Statements and Exhibits.

(d)           Exhibits

99.1        Press Release dated August 12, 2025 (furnished only)

104         Cover Page Interactive Data File (embedded within the Inline XBRL document).

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.

		HIREQUEST, INC.
		(Registrant)
Date: August 12, 2025				/s/ John McAnnar
				John McAnnar
				Chief Legal Officer, Vice President, and Corporate Secretary

FAQ

What dividend did HireQuest (HQI) declare?

The Board declared a quarterly cash dividend of $0.06 per share of common stock.

When is the HireQuest (HQI) dividend payable and what is the record date?

The dividend is expected to be paid on September 15, 2025 with a record date of September 1, 2025.

Is the declared dividend guaranteed for future quarters for HQI?

No. The filing states that future dividends require quarterly Board approval and are subject to the company's cash needs and various risks.

Where was the dividend announcement published for HQI?

The announcement was issued in a press release attached to the Current Report as Exhibit 99.1; the information is furnished, not filed.

Who signed the Current Report for HireQuest?

The report was signed by John McAnnar, Chief Legal Officer, Vice President, and Corporate Secretary.