---
schema_version: "secwatch.filing_event.v1"
accession: "0001474903-22-000022"
form_type: "8-K"
ticker: "BGSF"
cik: "0001474903"
company_name: "BGSF, INC."
filed_at: "2022-03-24T23:59:59+00:00"
generated_at: "2026-06-26T18:22:32.628721+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BGSF completes sale of Light Industrial segment for $30.3M plus potential earnout

## Summary
- Sold Light Industrial (InStaff) assets to Sentech Engineering for $30.3M cash at closing plus $2M on first anniversary.
- Sentech also assumed certain liabilities; company will provide back-office services for a limited time.
- Proceeds to be used for managed services, Real Estate segment expansion, M&A, and debt reduction.
- Light Industrial segment had been classified as discontinued operation in prior 10-K filing.
- Asset Purchase Agreement includes customary reps, warranties, non-compete, and indemnification.

## SEC filing metadata
- accession: 0001474903-22-000022
- form_type: 8-K
- ticker: BGSF
- cik: 0001474903
- company_name: BGSF, INC.
- filed_at: 2022-03-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1474903/000147490322000022/0001474903-22-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1474903/000147490322000022/bgsf-20220321.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001474903-22-000022
- JSON: https://secwatch.observer/filing/0001474903-22-000022.json
- Plain text: https://secwatch.observer/filing/0001474903-22-000022.txt

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