---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-018981"
form_type: "8-K"
ticker: "TBI"
cik: "0000768899"
company_name: "TrueBlue, Inc."
filed_at: "2025-05-14T23:59:59+00:00"
generated_at: "2026-05-21T11:34:31.104959+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# TrueBlue adopts poison pill after HireQuest's $7.50/share unsolicited bid

## Summary
- HireQuest (HQI) made unsolicited proposal to acquire TrueBlue at $7.50 per share.
- TrueBlue Board adopted limited-duration Rights Agreement expiring May 13, 2026.
- Rights trigger at 15% beneficial ownership (20% for passive institutional holders).
- Upon trigger, rights holders (excluding acquiring person) can buy TrueBlue shares at 50% discount.
- Existing holders with ≥15% ownership before announcement are grandfathered; increases void that status.

## SEC filing metadata
- accession: 0001140361-25-018981
- form_type: 8-K
- ticker: TBI
- cik: 0000768899
- company_name: TrueBlue, Inc.
- filed_at: 2025-05-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/768899/000114036125018981/0001140361-25-018981-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/768899/000114036125018981/ef20049038_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-018981
- JSON: https://secwatch.observer/filing/0001140361-25-018981.json
- Plain text: https://secwatch.observer/filing/0001140361-25-018981.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.