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Star Equity (JOB) mounts 5.4% stake and launches board challenge at GEE Group

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Star Equity-affiliated investors have updated their ownership and activism plans at GEE Group Inc. The reporting group, led by Star Equity Fund, reports beneficial ownership of 5,969,762 common shares, representing about 5.4% of GEE Group’s 109,870,686 shares outstanding as of May 13, 2026.

Star Equity Fund has nominated Richard K. Coleman Jr., the COO of Star Equity, for election to GEE Group’s board at the 2026 annual meeting. It also plans to present a proposal to remove two incumbent directors, Peter Tanous and Thomas Vetrano, citing their approval of 2023 executive employment agreements described as egregious. The reporting persons amended a Joint Filing and Solicitation Agreement to coordinate proxy solicitation, with Star Equity Fund bearing related solicitation expenses, and entered into indemnification and power-of-attorney arrangements tied to this campaign.

Positive

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Insights

Star Equity’s 5.4% stake underpins an organized proxy effort to reshape GEE Group’s board.

The filing shows a coordinated investor group led by Star Equity Fund holding 5,969,762 GEE Group shares, or about 5.4% of the company. This crosses the 5% threshold that requires a detailed Schedule 13D and signals an active, rather than purely passive, investment posture.

The group has nominated Richard K. Coleman Jr., a senior Star Equity executive with extensive operating and board experience, for election at the 2026 annual meeting. It also intends to seek removal of directors Peter Tanous and Thomas Vetrano, specifically referencing their approval of 2023 executive employment agreements characterized in the filing as egregious.

An amended Joint Filing and Solicitation Agreement confirms plans to solicit proxies and centralizes costs at Star Equity Fund, supported by an indemnification agreement and powers of attorney. The ultimate impact on GEE Group’s strategy and governance will depend on shareholder response at the 2026 annual meeting.

Beneficial ownership 5,969,762 shares Shares of GEE Group common stock reported by Star Equity group
Ownership percentage 5.4% Percent of GEE Group common stock class represented by 5,969,762 shares
Shares outstanding 109,870,686 shares GEE Group shares outstanding as of May 13, 2026 from Form 10-Q
Event date June 1, 2026 Date of event triggering this Schedule 13D amendment
Voting power 5,969,762 shares Sole voting and dispositive power reported for key Star Equity entities
Coleman ownership 0 shares Mr. Coleman’s reported direct beneficial ownership of GEE Group shares
Schedule 13D regulatory
"The following constitutes Amendment No. 4 ("Amendment No.4") to the filed by the undersigned"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
beneficial owner financial
"may be deemed the beneficial owner of the 5,969,762 Shares owned by Star Equity Fund"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Joint Filing and Solicitation Agreement regulatory
"the Reporting Persons amended the prior Joint Filing and Solicitation Agreement"
proxy regulatory
"the Reporting Persons agreed to solicit proxies for the election of the Nominee and Proposal at the Annual Meeting"
A proxy is the authorization a shareholder gives to another person or document to cast votes on their behalf at a company meeting. Think of it like handing someone your voting ticket so they can represent your choices on board elections, executive pay, mergers and other big decisions; it matters because proxies determine who controls the company and which proposals pass, directly affecting share value and investor returns.
Indemnification Agreement financial
"Star Equity Fund has signed a separate letter agreement (the "Indemnification Agreement") with the Nominee"
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.
power of attorney regulatory
"The Nominee has granted Mr. Eberwein and Hannah Bible powers of attorney to execute certain SEC filings"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
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36165A102

(CUSIP Number)
STAR EQUITY FUND, LP
53 Forest Ave Suite 101,
Old Greenwich, CT, 06870
203-489-9500

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
06/01/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D




Comment for Type of Reporting Person:
The following constitutes Amendment No. 4 ("Amendment No.4") to the Schedule 13D filed by the undersigned on January 22, 2026 (as previously amended, the "Schedule 13D"). This Amendment No. 4 amends the Schedule 13D as specifically set forth herein.


SCHEDULE 13D


STAR EQUITY HOLDINGS, INC.
Signature:/s/ Jeffrey E. Eberwein
Name/Title:Jeffrey E. Eberwein, Chief Executive Officer
Date:06/03/2026
STAR OPERATING COMPANIES, INC.
Signature:/s/ Richard K. Coleman, Jr.
Name/Title:Richard K. Coleman, Jr., Chief Executive Officer
Date:06/03/2026
STAR EQUITY FUND, LP
Signature:/s/ Jeffrey E. Eberwein
Name/Title:Jeffrey E. Eberwein, Manager of Star Equity Fund GP, LLC, the general partner of Star Equity Fund LP
Date:06/03/2026
STAR EQUITY FUND GP, LLC
Signature:/s/ Jeffrey E. Eberwein
Name/Title:Jeffrey E. Eberwein, Manager
Date:06/03/2026
STAR INVESTMENT MANAGEMENT, LLC
Signature:/s/ Jeffrey E. Eberwein
Name/Title:Jeffrey E. Eberwein, Manager
Date:06/03/2026
STAR VALUE INVESTMENTS, LLC
Signature:/s/ Richard K. Coleman, Jr.
Name/Title:Richard K. Coleman, Jr., CEO of Star Operating Companies, Inc., the sole member of Star Value Investments, LLC
Date:06/03/2026
JEFFREY E. EBERWEIN
Signature:/s/ Jeffrey E. Eberwein
Name/Title:Jeffrey E. Eberwein
Date:06/03/2026
RICHARD K. COLEMAN, JR.
Signature:/s/ Richard K. Coleman, Jr.
Name/Title:Richard K. Coleman, Jr.
Date:06/03/2026

FAQ

What ownership stake does Star Equity report in GEE Group (JOB)?

Star Equity and related reporting persons report beneficial ownership of 5,969,762 GEE Group common shares, representing about 5.4% of 109,870,686 shares outstanding as of May 13, 2026, according to the filing’s Item 5 disclosure.

Who has Star Equity nominated to the GEE Group (JOB) board?

Star Equity Fund has nominated Richard K. Coleman Jr. as a director candidate for election to GEE Group’s board at the 2026 annual meeting, highlighting his senior roles at Star Equity and prior executive and board experience across multiple companies.

What board changes is Star Equity seeking at GEE Group (JOB)?

The filing states Star Equity Fund intends to present a proposal at the 2026 annual meeting to remove two incumbent directors, Peter Tanous and Thomas Vetrano, citing their approval of 2023 executive employment agreements described as egregious in the disclosure.

Has Star Equity traded GEE Group (JOB) shares recently?

The reporting group states that no reporting person has entered into any transaction in GEE Group shares during the past 60 days. This suggests the current 5,969,762-share position has been stable over that recent period, based on the filing’s Item 5(c).

What agreements support Star Equity’s proxy effort at GEE Group (JOB)?

An amended Joint Filing and Solicitation Agreement coordinates filings and proxy solicitation for the nominee and proposal. Star Equity Fund will bear related solicitation expenses, and separate indemnification and power-of-attorney agreements support the nominee and authorized signatories in this campaign.