secwatch.observer — SEC 8-K summary
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Issuer:     BGSF, INC. (BGSF)
CIK:        0001474903
Form:       8-K
Filed at:   2026-03-02T23:59:59+00:00
Accession:  0001474903-26-000012
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BGSF appoints Keith Schroeder and Kelly Brown as permanent Co-CEOs; Brown's employment agreement disclosed
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- Kelly Brown named permanent Co-CEO effective Feb 24, 2026; employment agreement through Dec 31, 2027 with auto-renewal.
- Base salary of $375,000; eligible for annual bonus tied to BGSF adjusted EBITDA under variable pay plan.
- Acquisition bonus: 1% of acquired company's adjusted EBITDA for first 12 months post-close if Brown is involved.
- Severance: 12 months base salary on termination without cause or for good reason; 18 months if within 1 year of change in control.
- Post-employment covenants: 12-month non-compete, 18-month non-solicit of clients/employees, and confidentiality agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474903/000147490326000012/0001474903-26-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474903/000147490326000012/bgsf-20260224.htm
  HTML page:      https://secwatch.observer/filing/0001474903-26-000012

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