HireQuest transfers majority ownership of MRINetwork to franchisee group; retains 40% stake

HireQuest, Inc.

HireQuest subsidiary HQ MRI contributes MRINetwork assets to MRI Operations in exchange for 40% ownership; effective Jan 1, 2026.
New franchisee-owner group includes Todd Govig, Mark Angott, Mike Brown, Mark & Jay Schwartz, and Shana Applebaum.
Shana Applebaum named Managing Director of MRINetwork, effective immediately; based in New York City.
HireQuest will continue providing shared services, national purchasing scale, and back-office infrastructure to MRINetwork.
Transaction expected to close in weeks; strategic initiatives and enhanced service model rollout planned for Q1 2026.

item 1.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HireQuest, Inc. entered into Contribution Agreement with MRINetwork Operations, LLC (effective 2026-01-01).

Action: entry
Agreement: asset purchase
Counterparty: MRINetwork Operations, LLC
Effective: 2026-01-01

Exact text from the filing

HQ MRI Corporation ("HQ MRI"), a wholly-owned subsidiary of HireQuest, Inc. (the "Company") entered into a contribution agreement (the "Contribution Agreement") with MRINetwork Operations, LLC ("MRI Operations") with an effective date of January 1, 2026

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HireQuest, Inc. entered into Operating Agreement with MRI Operations, SA Talent, LLC, MR Ventures, LLC, Angott Search Group, TJAMB Entities, LLC, and Mark Schwartz (effective 2026-01-01).

Action: entry
Counterparty: MRI Operations, SA Talent, LLC, MR Ventures, LLC, Angott Search Group, TJAMB Entities, LLC, and Mark Schwartz
Effective: 2026-01-01

Exact text from the filing

HQ MRI entered into an operating Agreement (the "Operating Agreement") between and among itself, MRI Operations, SA Talent, LLC, MR Ventures, LLC, Angott Search Group, TJAMB Entities, LLC, and Mark Schwartz with an effective date of January 1, 2026

View on SEC.gov

623 material agreements filed in the last 30 days. Browse all material agreements →

HireQuest, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-25-036541

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.