BGSF, INC.
For the period ended Dec 28, 2025. Filed Mar 30, 2026.
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FY2025 · Filed Mar 30, 2026
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Item
Stock Performance Graph
The following graph compares, through December 28, 2025, the cumulative total return of the Company’s common stock, a peer group index of certain publicly traded workforce solutions companies, and the Russell 3000. The graph assumes the investment of $100 at the beginning of the period depicted in the chart and reinvestment of all dividends. Note that historic stock price performance is not necessarily indicative of future stock price performance. The following graph and related information shall not be deemed “soliciting material” or to be “filed” with the SEC, nor shall such information be incorporated by reference into any filing under the Securities Act or the Exchange Act, except to the extent that we specifically incorporate it by reference into such filing.
Periodically, we review companies within our peer group and decide if we need to make any changes. The peer group index represents the cumulative total return of BGSF and similar corporations providing field talent or permanent employment workforce solutions. Our peer group includes: GEE Group, Mastech Digital, and Resources Connection, Inc.
Market Information and Holders
Our common stock is listed on the NYSE under the symbol “BGSF.” The table below contains the market range of high and low prices for our common stock for the fiscal quarters indicated.
| Quarter Ended: | High | Low |
|---|---|---|
| December 28, 2025 | $4.79 | $4.68 |
| September 28, 2025 | $7.06 | $6.83 |
| June 29, 2025 | $6.75 | $5.80 |
| March 30, 2025 | $3.76 | $3.59 |
| December 29, 2024 | $6.18 | $6.07 |
| September 27, 2024 | $7.25 | $7.06 |
| June 28, 2024 | $8.67 | $8.35 |
| March 28, 2024 | $10.50 | $10.18 |
As of January 29, 2026, our common stock closing price was $5.66 per share.
As of January 29, 2026, there were approximately 2,381 holders of record of our common stock.
Dividends
The board of directors (“Board”) has declared and we have paid the following cash dividends during the fiscal years ended 2025, 2024, and 2023:
| Declared Date | Record Date | Distribution Date | Dividend per Share | Amount Paid |
|---|---|---|---|---|
| September 11, 2025 | September 23, 2025 | September 30, 2025 | $2.00 | $22,399,574 |
| Total | $22,399,574 | |||
| February 8, 2024 | February 20, 2024 | February 27, 2024 | $0.15 | $1,639,315 |
| Total | $1,639,315 | |||
| February 13, 2023 | February 23, 2023 | March 2, 2023 | $0.15 | $1,618,485 |
| May 4, 2023 | May 15, 2023 | May 22, 2023 | $0.15 | 1,625,816 |
| August 9, 2023 | August 21, 2023 | August 28, 2023 | $0.15 | 1,629,676 |
| November 8, 2023 | November 20, 2023 | November 28, 2023 | $0.15 | 1,633,272 |
| Total | $6,507,249 | |||
We do not currently pay a regular dividend and have no plans to do so in the future. Any future determination with respect to the payment of dividends, including whether to declare a dividend, and, if so, the amount thereof, will be at the discretion of our Board and will be dependent upon, among other things, our financial condition, results of operations, capital requirements, the terms of our then existing indebtedness, contractual restrictions, future prospects, general economic conditions and other factors considered relevant by our Board.
Equity Compensation Plans
The following equity compensation plan information is provided as of December 28, 2025:
| Plan Category | Number of Securities to beIssued upon Exercise ofOutstanding Options,Warrants and Rights (a) | Weighted-averageExercise Price ofOutstanding Options,Warrants and Rights | Number of SecuritiesRemaining Available forFuture Issuance UnderEquity CompensationPlans (ExcludingSecurities Reflectedin Column (a)) |
|---|---|---|---|
| Equity Compensation Plans Approved by Security Holders | |||
| 2013 Long-Term Incentive Plan | 797,731 | $12.30 | 475,284 |
| 2020 Employee Stock Purchase Plan | — | — | 250,032 |
| Total | 797,731 | 12.3 | 725,316 |
A description of the equity compensation plan is incorporated by reference to Note 15 in the Notes to Consolidated Financial Statements included in Item 8 in this Annual Report on Form 10-K.
Recent Sales of Unregistered Securities
In December 2022, we issued 254,455 shares of common stock in a private placement for a value of $3.3 million, and a convertible two-year promissory note of $4.4 million with an annual interest rate of 6% that was convertible into common shares at any time after one year at a conversion price of $17.12 per share at the closing of an acquisition related to BGSF Professional. On January 30, 2025, the convertible note was amended to increase the interest rate to 7% and extended the maturity date to December 12, 2025. The security was subsequently paid off in conjunction with the sale of BGSF Professional and is no longer outstanding.
The foregoing issuance of securities was exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.
Share Repurchases
On November 5, 2025, the Company's Board approved a stock repurchase program under which the Company may repurchase up to $5.0 million of its common stock. The repurchases may take place in the open market, in private transactions, or otherwise, and pursuant to any trading plan that may be adopted in accordance with applicable securities laws and regulations, including Rule 10b5-1 under the Exchange Act. The timing and amount of common stock purchased will depend on a variety of factors, including the availability of common stock, general market conditions, the trading price of the common stock, alternative uses for capital, and the Company’s financial performance. Open market purchases will be conducted in accordance with Rule 10b-18 under the Exchange Act and applicable legal requirements. The repurchase program does not have an expiration date and may be suspended, terminated, or modified at any time for any reason. The repurchase program does not obligate the Company to purchase any particular number of shares.
During 2025, we repurchased 351,200 shares of the Company's common stock at a cost of $1,520,863 and a weighted average price of $4.33 per share.
A summary of the repurchase activity during 2025, is as follows:
| Stock Class | Period | Total number of shares repurchased | Average price paid per share | Maximum value of common stock that may yet be repurchased under current authorization |
|---|---|---|---|---|
| Common Stock | November 5 through November 30 | 161,804 | $4.12 | $4,337,341 |
| Common Stock | December 1 through December 28 | 189,396 | $4.53 | $3,479,137 |
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