# EDGAR Filing Document

**Accession Number:** 0001474903
**File Stem:** 0001474903-23-000012
**Filing Date:** 2023-2
**Character Count:** 8781
**Document Hash:** 17ddda14131f60a9c306b0ab36790af4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001474903-23-000012.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001474903-23-000012

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20230213

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BGSF, INC.
- **CENTRAL INDEX KEY:** 0001474903
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-HELP SUPPLY SERVICES [7363]
- **IRS NUMBER:** 260656684
- **FISCAL YEAR END:** 1226

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36704
- **FILM NUMBER:** 23621152

**BUSINESS ADDRESS:**
- **STREET 1:** 5850 GRANITE PARKWAY
- **STREET 2:** SUITE 730
- **CITY:** PLANO
- **STATE:** TX
- **ZIP:** 75024
- **BUSINESS PHONE:** 972-692-2422

**MAIL ADDRESS:**
- **STREET 1:** 5850 GRANITE PARKWAY
- **STREET 2:** SUITE 730
- **CITY:** PLANO
- **STATE:** TX
- **ZIP:** 75024

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BG Staffing, Inc.
- **DATE OF NAME CHANGE:** 20131030

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LTN Staffing, LLC
- **DATE OF NAME CHANGE:** 20091020

?xml version="1.0" ? bgsf-20230213

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of**

**the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported):

**February 13, 2023**![bgsf-20230213_g1.jpg](bgsf-20230213_g1.jpg)

**BGSF, INC.**

(Exact Name of Registrant as Specified in its Charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-36704** | **26-0656684** |
| (State or Other Jurisdiction of<br>Incorporation) | (Commission File Number) | (I.R.S. Employer Identification<br>Number) |

---

**5850 Granite Parkway, Suite 730**

**Plano, Texas 75024**

(Address of principal executive offices, including zip code)

**(972) 692-2400**

(Registrant's telephone number, including area code)

**Not applicable**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

 ◻ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 ◻ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 ◻ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 ◻ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ◻

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

Title of each class Trading Symbol(s) Name of each exchange on which registered <br> <u>Common Stock</u> <u>BGSF</u> <u>NYSE</u>

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| | |
|:---|:---|
| **Item 7.01** | **Regulation FD Disclosure.** |

---

On February 13, 2023, the Company issued a press release reporting that its Board of Directors approved the payment

of a dividend of $0.15 per share of common stock to be paid on March 2, 2023 to all shareholders of record as of the close

of business on February 23, 2023. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information contained in this Current Report shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

---

| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

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**(d)Exhibits**

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| | | |
|:---|:---|:---|
| **<u>Exhibit No.</u>** | **<u>Description</u>** | **<u>Description</u>** |
| 99.1 | <u>[Press Release dated](ex99102-13x23press.htm)</u> | February 13, 2023 |
| 104.0 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| | | | **BGSF, INC.** |
| Date: | February 13, 2023 | | /s/ Dan Hollenbach |
| | | Name:<br>Title: | Dan Hollenbach<br>Chief Financial Officer and Secretary<br>(Principal Financial Officer) |

---

## Exhibit 99.1

![image2.jpg](image2.jpg)

**BGSF, Inc. Announces 33rd Consecutive Quarterly Dividend**

PLANO, Texas – (February 13, 2023) **–** BGSF, Inc. (<u>NYSE: BGSF</u>), a leading national provider of workforce solutions, today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share of common stock.

The dividend is payable on March 2, 2023, to all shareholders of record as of the close of business on February 23, 2023. This marks the 33rd consecutive quarterly dividend and based on the yesterday's closing price of the Company's common stock, the annualized yield is approximately 3.9%.

"We are pleased to announce BGSF's 33<sup>rd</sup> consecutive quarterly dividend of $0.15 per share that affirms our Board's confidence in the Company's sustained, long-term growth strategy," said Beth Garvey, Chair, President, and Chief Executive Officer.

**About BGSF**

BGSF provides workforce solutions to a variety of industries through its various divisions in IT, Cyber, Finance & Accounting, and Real Estate (apartment communities and commercial buildings). BGSF has integrated several regional and national brands achieving scalable growth. The Company was ranked by Staffing Industry Analysts as the 94th largest U.S. staffing company and the 49th largest IT staffing firm in 2022. The Company's disciplined acquisition philosophy, which builds value through both financial growth and the retention of unique and dedicated talent within BGSF's family of companies, has resulted in a seasoned management team with strong tenure and the ability to offer exceptional service to our field talent and client partners while building value for investors. For more information on the Company and its services, please visit its website at <u>www.bgsf.com</u>.

**Forward-Looking Statements**

*The forward-looking statements in this press release are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may include, but are not limited to, statements regarding our future financial performance and the expectations and objectives of our board or management. The Company's actual results could differ materially from those indicated by the forward-looking statements because of various risks and uncertainties, including those listed in Item 1A of the Company's Annual Report on Form 10-K and in the Company's other filings and reports with the Securities and Exchange Commission. All of the risks and uncertainties are beyond the ability of the Company to control, and in many cases, the Company cannot predict the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. When used in this press release, the words "allows," "believes," "plans," "expects," "estimates," "should," "would," "may," "might," "forward," "will," "intends," "continue," "outlook," "temporarily," "progressing," "prospects," and "anticipates" and similar expressions as they relate to the Company or its management are intended to identify forward-looking statements. Except as required by law, the Company is not obligated to publicly release any revisions to these forward-looking statements to reflect the events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.*

**CONTACT:**

Steven Hooser or Sandy Martin

Three Part Advisors

<u>ir@bgsf.com</u> 214.872.2710 or 214.616.2207

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![image2.jpg](image2.jpg)

Source: BGSF, Inc.

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