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KFORCE INC

For the period ended Dec 31, 2023. Filed Feb 23, 2024.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 23, 2024

KFRC$54.27+0.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Table of Contents

KFORCE INC.

TABLE OF CONTENTS

PART I
Item 1.Business.2
Item 1A.Risk Factors.7
Item 1B.Unresolved Staff Comments.12
Item 1C.Cybersecurity12
Item 2.Properties.13
Item 3.Legal Proceedings.13
Item 4.Mine Safety Disclosures.13
PART II
Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.13
Item 6.[Reserved.]14
Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations.15
Item 7A.Quantitative and Qualitative Disclosures About Market Risk.25
Item 8.Financial Statements and Supplementary Data.25
Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.45
Item 9A.Controls and Procedures.46
Item 9B.Other Information.46
Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.46
PART III
Item 10.Directors, Executive Officers and Corporate Governance.46
Item 11.Executive Compensation.47
Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.47
Item 13.Certain Relationships and Related Transactions, and Director Independence.47
Item 14.Principal Accounting Fees and Services.47
PART IV
Item 15.Exhibits, Financial Statement Schedules.47
SIGNATURES51

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

References in this document to the “Registrant,” “Kforce,” the “Company,” “we,” the “Firm,” “management,” “our” or “us” refer to Kforce Inc. and its subsidiaries, except where the context otherwise requires or indicates.

This report, particularly Item 1. Business, Item 1A. Risk Factors and Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”), and the documents we incorporate into this report, contain certain statements that are, or may be deemed to be, forward-looking statements within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and are made in reliance upon the protections provided by such acts for forward-looking statements. Such statements may include, but may not be limited to: expectations of financial or operational performance, including our expectations regarding the future changes in revenue of each segment of our business; the impact of the economic environment on our business; our ability to control discretionary spending and decrease operating costs; the Firm’s commitment and ability to return significant capital to its shareholders; our ability to meet capital expenditure and working capital requirements of our operations; the intent and ability to declare and pay quarterly dividends; growth rates in temporary staffing; a constraint in the supply of consultants and candidates or the Firm’s ability to attract such individuals; changes in client demand for our services and our ability to adapt to such changes; the ability of the Firm to maintain and attract clients in the face of changing economic or competitive conditions; our expected investments in certain service areas or programs; our expectations regarding the impacts of technological development on our business; our beliefs regarding the expected future benefits of our flexible working environment; our ability to maintain compliance with our credit facility's covenants; potential government actions or changes in laws and regulations; anticipated costs and benefits of acquisitions, divestitures, joint ventures and other investments; effects of interest rate variations; financing needs or plans; estimates concerning the effects of litigation or other disputes; the occurrence of unanticipated expenses; as well as assumptions as to any of the foregoing and all statements that are not based on historical fact, but rather reflect our current expectations concerning future results and events. For a further list and description of various risks, relevant factors and uncertainties that could cause future results or events to differ materially from those expressed or implied in our forward-looking statements, refer to the Risk Factors and MD&A sections. In addition, when used in this discussion, the terms “anticipate,” “assume,” “estimate,” “expect,” “intend,” “plan,” “believe,” “will,” “may,” “likely,” “could,” “should,” “future” and variations thereof and similar expressions are intended to identify forward-looking statements.

Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted. Future events and actual results could differ materially from those set forth in or underlying the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements contained in this report, which speak only as of the date of this report. Kforce undertakes no obligation to update any forward-looking statements.

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