---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-036541"
form_type: "8-K"
ticker: "HQI"
cik: "0001140102"
company_name: "HireQuest, Inc."
filed_at: "2025-12-01T23:59:59+00:00"
generated_at: "2026-05-16T15:51:08.349933+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-25-036541
- form_type: 8-K
- ticker: HQI
- cik: 0001140102
- company_name: HireQuest, Inc.
- filed_at: 2025-12-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1140102/000143774925036541/0001437749-25-036541-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1140102/000143774925036541/hqi20251201_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-036541
- JSON: https://secwatch.observer/filing/0001437749-25-036541.json
- Plain text: https://secwatch.observer/filing/0001437749-25-036541.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1140102/000143774925036541/0001437749-25-036541-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1140102/000143774925036541/0001437749-25-036541-index.htm

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