HireQuest (HQI) authorizes $20M share buyback program for common stock

Rhea-AI Filing Summary

HireQuest, Inc. disclosed that its Board of Directors has approved a new stock repurchase program authorizing the Company to buy back up to $20,000,000.00 of its outstanding common stock. The program permits purchases from time to time in the open market, through privately negotiated and block transactions, and under Rule 10b5-1 trading plans, in each case subject to securities laws and other legal requirements.

The actual number and timing of share repurchases will depend on factors such as the trading price and availability of HireQuest’s common stock and general market conditions. The repurchase program will begin as soon as reasonably possible, is scheduled to expire twelve months after it starts, and may be modified, suspended, or terminated at any time without prior notice. Shares bought back may later be reissued for employee benefit plans and other general corporate purposes.

Insights

Equity Capital Allocation Analyst

HireQuest authorizes up to $20M in share repurchases over 12 months.

The Board of HireQuest has approved a stock repurchase program for up to $20,000,000.00 of common stock. Repurchases can occur via open market trades, privately negotiated deals, block purchases, and Rule 10b5-1 plans, which helps automate buying within predefined parameters while observing securities rules.

The filing notes that the pace and size of repurchases will be influenced by the stock price, share availability, and overall market conditions, and the program can be modified, suspended, or terminated at any time. Because shares repurchased may later be reissued for employee benefit plans or other corporate uses, the net long-term reduction in share count will depend on both repurchase activity and any future reissuances.

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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): December 16, 2025

HIREQUEST, INC.

(Exact name of registrant as specified in its Charter)

Delaware		001-38513		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 December 16, 2025, the Board of Directors of HireQuest, Inc. (the “Company”) approved a new stock repurchase program pursuant to which the Company may purchase up to $20,000,000.00 in shares of the Company’s outstanding common stock (the “Repurchase Program”). The Repurchase Program allows the Company to purchase common stock 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. The Company intends to begin the Repurchase Program, which will expire twelve months after its starting date, and enter into a corresponding 10b5-1 trading plan in connection with such program, as soon as reasonably possible.

On December 17, 2024, the Company issued a press release announcing the Repurchase Program, a copy of which is attached hereto as Exhibit 99.1. 

The information furnished pursuant to Item 7.01 of this Form 10-K, including Exhibit 99.1 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Disclosure Regarding Forward Looking Statements

Certain matters discussed in this current report are “forward-looking statements” intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified by use of the words “may,” “will,” “should,” “could,” “expect,” anticipate,” “estimate,” “believe,” “intend,” “project,” “potential,” or “plan” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements in this current report may include, without limitation: (1) statements about the Company’s Repurchase Program, (2) projections of revenue, income, and other items relating to our financial position and results of operations, including short term and long term plans for cash, (3) statements of our plans, objectives, strategies, goals and intentions, (4) statements regarding the capabilities, capacities, market position and expected development of our business operations and (5) statements of expected industry and general economic trends.

Such forward-looking statements are subject to certain risks and uncertainties that may materially adversely affect the anticipated results. Such risks and uncertainties include, but are not limited to, the following: the level of demand and financial performance of the executive search and temporary staffing industry; the ownership structure of the MRINetwork; the financial performance of the Company’s franchisees; changes in customer demand; economic uncertainty caused by macroeconomic trends including potential inflation or a recessionary environment; global conflict; the relative success or failure of acquisitions and new franchised offerings; our success in reducing workers’ compensation expenses; the extent to which the Company is successful in gaining new long-term relationships with customers or retaining existing ones, and the level of service failures that could lead customers to use competitors’ services; significant investigative or legal proceedings including, without limitation, those brought about by the existing regulatory environment or changes in the regulations governing the temporary staffing industry and those arising from the action or inaction of the Company’s franchisees and temporary employees; strategic actions, including acquisitions and dispositions and the Company’s success in integrating acquired businesses including, without limitation, successful integration following any of our various acquisitions; success or failure in determining how to allocate capital; disruptions to the Company’s technology network including computer systems and software; natural events such as severe weather, fires, floods, and earthquakes, or man-made or other disruptions of the Company’s operating systems; and other factors described in the Company’s filings with the Securities and Exchange Commission, including those described in the “Risk Factors” section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and the Quarterly Report on Form 10-Q for the quarter ended September 30, 2025. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements made herein and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this current report and we disclaim any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances, except as may be required by law. 

Item 9.01 Financial Statements and Exhibits.

Exhibit Index

Exhibit	Description
99.1	Press Release dated December 17, 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: December 17, 2025				/s/ John McAnnar
				John McAnnar
				Chief Legal Officer, Vice President, and Corporate Secretary

FAQ

What stock repurchase program did HireQuest (HQI) announce?

HireQuest’s Board approved a new stock repurchase program under which the Company may buy up to $20,000,000.00 of its outstanding common stock.

How long will HireQuest’s new $20 million repurchase program last?

HireQuest intends to start the repurchase program as soon as reasonably possible, and it will expire twelve months after its starting date unless modified earlier.

What methods can HireQuest (HQI) use to repurchase its common stock?

The program allows repurchases through open market purchases, privately negotiated transactions, block purchases, and trades executed under Rule 10b5-1 trading plans, subject to applicable laws.

Can HireQuest change or cancel the stock repurchase program?

Yes. The Company states the repurchase program may be modified, suspended, or terminated at any time without prior notice.

What will HireQuest do with shares repurchased under the program?

The Company notes that shares repurchased may later be reissued in connection with employee benefit plans and other general corporate purposes.

What factors will influence the timing and amount of HireQuest share repurchases?

HireQuest indicates that the price and availability of its common stock and general market conditions will affect how many shares are repurchased and when.