secwatch.observer — SEC 8-K summary
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Issuer:     HireQuest, Inc. (HQI)
CIK:        0001140102
Form:       8-K
Filed at:   2026-03-06T23:59:59+00:00
Accession:  0001437749-26-007199
Event type: other
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HireQuest enters new employment agreements with CEO, CFO, and CLO with base salaries and equity grants
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- CEO Hermanns receives $430K base salary, 25,000 restricted shares vesting over 2+ years.
- CFO Hartley gets $260K base, 10,000 restricted shares; CLO McAnnar receives same terms.
- Bonuses include discretionary, pre-tax income pool (CEO only), and performance-based up to 50% of base for CFO/CLO.
- Severance provisions: 18-month base for CEO on non-cause termination; 6-month max for CFO/CLO.
- Change-of-control triggers 150% base severance and full equity vesting for all three officers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1140102/000143774926007199/0001437749-26-007199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1140102/000143774926007199/hqi20260306_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-007199

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