secwatch.observer — SEC 8-K summary
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Issuer:     HireQuest, Inc. (HQI)
CIK:        0001140102
Form:       8-K
Filed at:   2023-09-01T23:59:59+00:00
Accession:  0001437749-23-025059
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HireQuest enters employment agreement with CLO McAnnar; $240k base salary, 10k restricted shares
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- Effective Sept 1, 2023, term through Aug 31, 2025; McAnnar continues as CLO, VP, and Corporate Secretary.
- Base salary of $240,000; eligible for discretionary bonus and performance bonus up to 50% of base salary.
- Granted 10,000 restricted shares vesting 50% at 2nd anniversary and 6.25% per quarter thereafter.
- Severance for without-cause/good-reason termination includes pro-rata bonus, 1 month salary per year served up to 6 months, and pro-rata vesting.
- Change-of-control termination triggers lump sum of 150% of base salary and full vesting of equity awards.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1140102/000143774923025059/0001437749-23-025059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1140102/000143774923025059/hqi20230831_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-025059

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer