BARRETT BUSINESS SERVICES INC
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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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.
FY2024 · Filed Feb 28, 2025
BBSI$31.39+3.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 15. Exhibits and Financial Statement Schedules
Financial Statements and Schedules
The Financial Statements, together with the report thereon of Deloitte & Touche LLP, are included on the pages indicated below:
| Page | |
|---|---|
| Report of Independent Registered Public Accounting Firm-Deloitte & Touche LLP (PCAOB ID: 34) | 34 |
| Consolidated Balance Sheets as of December 31, 2024 and 2023 | 36 |
| Consolidated Statements of Operations for the Years Ended December 31, 2024, 2023 and 2022 | 37 |
| Consolidated Statements of Comprehensive Income for the Years Ended December 31, 2024, 2023 and 2022 | 38 |
| Consolidated Statements of Stockholders’ Equity for the Years Ended December 31, 2024, 2023 and 2022 | 39 |
| Consolidated Statements of Cash Flows for the Years Ended December 31, 2024, 2023 and 2022 | 40 |
| Notes to Consolidated Financial Statements | 41 |
No schedules are required to be filed herewith.
Exhibits
The following exhibits are filed or furnished herewith or incorporated by reference and this list is intended to constitute the exhibit index.
| Incorporated by Reference | |||||
|---|---|---|---|---|---|
| ExhibitNumber · Exhibit Description · Form · File Number · Exhibit · Filing Date · Filed or Furnished Herewith | |||||
| 3.1 | Charter of the Registrant, as amended through June 4, 2024. | 10-Q | 0-21886 | 3.1 | 731/2024 |
| 3.2 | Bylaws of the Registrant, as amended through May 27, 2020. | 10-Q | 0-21886 | 3.1 | 8/5/2020 |
| 4.1 | Third Amended and Restated Credit Agreement between the Registrant and Wells Fargo Bank, National Association (“Wells Fargo”), dated as of March 1, 2022. | 10-K | 0-21886 | 4.1 | 3/7/2022 |
| 4.2 | First Amendment, effective as of June 12, 2023, to Third Amended and Restated Credit Agreementbetween the Registrant and Wells FargoBank, National Association. | 10-Q | 0-21886 | 4.1 | 8/3/2023 |
| 4.3 | Amended and Restated Security Agreement: Business Assets, dated as of March 1, 2022, between the Registrant and Wells Fargo. | 10-K | 0-21886 | 4.2 | 3/7/2022 |
| 4.4 | Amended and Restated Standby Letter of Credit Agreement dated as of June 20, 2018, between the Registrant and Wells Fargo. | 10-Q | 0-21886 | 4.4 | 8/8/2018 | |
| 4.5 | Fifth Amended and Restated Revolving Line of Credit Note effective June 12, 2023 of the Registrant. | 10-Q | 0-21886 | 4.2 | 8/3/2023 | |
| 4.6 | Description of the Registrant's Capital Stock. | X | ||||
| 10.1* | 2009 Stock Incentive Plan of the Registrant (the “2009 Plan”). | X | ||||
| 10.2* | 2015 Stock Incentive Plan of the Registrant (the "2015 Plan"). | X | ||||
| 10.3* | Amended and Restated 2020 Stock Incentive Plan of the Registrant (the "2020 Plan"). | X | ||||
| 10.4* | Form of Performance Share Award Agreement under the 2020 Plan. | 10-Q | 0-21886 | 10.1 | 8/4/2021 | |
| 10.5* | Nonqualified Stock Option Award Agreement between the Registrant and Thomas J. Carley dated July 1, 2016. | X | ||||
| 10.6* | Form of Employee Nonqualified Stock Option Award Agreement for grants to Gerald R. Blotz and Gary E. Kramer effective March 28, 2018, under the 2015 Plan. | X | ||||
| 10.7* | Form of Incentive Stock Option Award Agreement relating to February 2, 2015, grants under the 2009 Plan. | 10-K | 0-21886 | 10.11 | 5/26/2016 | |
| 10.8* | Form of Restricted Stock Units Award Agreement for Executive Officers for awards granted beginning in 2018 under the 2015 Plan. | 10-Q | 0-21886 | 10.3 | 8/8/2018 | |
| 10.9* | Form of Restricted Stock Units Award Agreement for Executive Officers under the 2020 Plan. | 10-Q | 0-21886 | 10.1 | 11/4/2020 | |
| 10.10* | Form of Restricted Stock Units Award Agreement for Non-Employee Directors under the 2020 Plan. | 10-Q | 0-21886 | 10.2 | 11/4/2020 | |
| 10.11* | Summary of Compensatory Arrangements for Non-Employee Directors of the Registrant effective January 1, 2025. | X | ||||
| 10.12* | Barrett Business Services, Inc., Nonqualified Deferred Compensation Plan. | 10-Q | 0-21886 | 10.8 | 8/9/2017 | |
| 10.13* | First and Second Amendments to the Barrett Business Services, Inc., Nonqualified Deferred Compensation Plan. | 10-Q | 0-21886 | 10.1 | 5/7/2019 | |
| 10.14* | Form of Restricted Stock Units Award Agreement under Nonqualified Deferred Compensation Plan. | 10-Q | 0-21886 | 10.1 | 5/8/2018 | |
| 10.15* | Form of Restricted Stock Units Award Agreement under Nonqualified Deferred Compensation Plan for grants beginning July 1, 2020. | 10-Q | 0-21886 | 10.3 | 11/4/2020 | |
| 10.16* | Employment Agreement between the Registrant and Gary Kramer Jr., dated April 22, 2020. | 8-K | 0-21886 | 10.2 | 4/24/2020 | |
| 10.17* | Employment Agreement between the Registrant and Gerald Blotz, dated April 22, 2020. | 8-K | 0-21886 | 10.3 | 4/24/2020 | |
| 10.18* | Employment Agreement between the Registrant and Anthony Harris, dated April 22, 2020. | 8-K | 0-21886 | 10.4 | 4/24/2020 | |
| 10.19* | Employment Agreement between the Registrant and James Potts, dated August 14, 2020. | 10-K | 0-21886 | 10.30 | 3/8/2021 | |
| 10.20* | Amended Death Benefit Agreement entered into by the Registrant and Gerald L. Blotz effective October 30, 2020. | 10-K | 0-21886 | 10.31 | 3/8/2021 | |
| 10.21* | Death Benefit Agreement entered into by the Registrant and Anthony Harris effective June 30, 2020. | 10-Q | 0-21886 | 10.7 | 8/5/2020 | |
| 10.22* | Amended Death Benefit Agreement entered into by the Registrant and Gary Kramer effective June 30, 2020. | 10-Q | 0-21886 | 10.8 | 8/5/2020 | |
| 10.23* | Death Benefit Agreement entered into by the Registrant and James Potts effective October 30, 2020. | 10-K | 0-21886 | 10.34 | 3/8/2021 | |
| 10.24* | Barrett Business Services, Inc. Amended and Restated Annual Cash Incentive Award Plan. | 10-K | 0-21886 | 10.45 | 3/5/2019 | |
| 10.25* | Form of Indemnification Agreement with each outside director of Barrett Business Services, Inc. | 10-Q | 0-21886 | 10.2 | 8/4/2021 | |
| 10.26* | Form of Employee Nonqualified Stock Option Award Agreement for grants under the 2020 Plan in 2024. | X | ||||
| 19.1 | Insider Trading Policy. | X | ||||
| 21. | Subsidiaries of the Registrant. | X | ||||
| 23.1 | Consent of Deloitte & Touche LLP, Independent Registered Public Accounting Firm. | X | ||||
| 31.1 | Certification of Chief Executive Officer pursuant to Rule 13a-14(a). | X | ||||
| 31.2 | Certification of Chief Financial Officer pursuant to Rule 13a-14(a). | X | ||||
| 32. | Certification pursuant to 18 U.S.C. Section 1350. | X | ||||
| 97.1 | Executive Compensation Recovery Policy. | 10-K | 0-21886 | 97.1 | 3/1/2024 | |
| 101.INS | Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document). | X | ||||
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document. | X | ||||
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document. | X |
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document. | X |
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document. | X |
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document. | X |
| 104 | Coverage Page Interactive Data File (embedded within the Inline XBRL document). | X |
- Denotes a management contract or a compensatory plan or arrangement.
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