HireQuest Unveils New $20 Million Share Repurchase Initiative

HireQuest Announces Share Repurchase Program

On December 17, 2025, HireQuest, Inc. (NASDAQ: HQI), a leading global franchisor specializing in on-demand staffing and executive search services, revealed a significant step towards reinforcing its shareholder value. The company is set to initiate a share repurchase program that allows for the repurchase of up to $20 million of its common stock. This strategic move is aimed at demonstrating the company’s commitment to efficient capital management while echoing its confidence in future growth prospects.

Intent Behind the Buyback

Rick Hermanns, CEO of HireQuest, emphasized the rationale behind the buyback in a statement published alongside the announcement. Hermanns underscored that the decision reflects not only prudent capital utilization but also the Board's and management's unwavering belief in the long-term strategic vision of HireQuest. By repurchasing its shares, the company aims to return capital to its shareholders while fortifying its market position in the competitive staffing industry.

The share repurchase program will officially commence at the earliest opportunity, with a plan to be enacted under Rule 10b5-1, a framework that allows for predetermined stock purchases to limit potential insider trading liabilities. This program is set to remain active for a period of twelve months from its initiation date, subject to varying market conditions.

Mechanisms in Share Repurchase

Under this repurchase initiative, HireQuest may acquire its shares through multiple avenues, including open market transactions, privately negotiated deals, or through block purchases. The frequency and volume of repurchases are expected to be influenced by several factors, notably the stock price, the availability of shares, and overarching market situations. Additionally, the company reserves the right to modify, suspend, or terminate the program at any time, reflecting the dynamic nature of market conditions. Shares reacquired through this program may later be reissued in connection with employee benefit schemes or other general corporate activities.

About HireQuest

Operating through various divisions like HireQuest Direct, Snelling Staffing, MRINetwork, and TradeCorp, HireQuest plays a pivotal role in delivering staffing solutions across diverse sectors. Each year, the firm facilitates employment opportunities for numerous individuals, reinforcing its commitment to aiding workforce solutions.

The upcoming year represents a threshold of renewed focus, with the company poised to unlock further potential in the ever-evolving staffing landscape.

Looking Toward the Future

The decision to repurchase shares is part of HireQuest's broader strategy to bolster its market footing while prioritizing shareholder interests. By taking this proactive measure, the company aims to navigate the evolving market landscape while ensuring sustainable growth in a competitive arena. Investors and stakeholders are encouraged to monitor developments closely as HireQuest embarks on this new chapter of its corporate journey.

With ongoing uncertainties in the global economic environment, especially regarding inflation and market volatility, HireQuest's share repurchase initiative comes at a crucial time, showcasing its dedication to fostering investor trust and maintaining operational efficiency. As the company endeavors to adapt and thrive amidst challenges, its emphasis on shareholder returns remains steadfast, promising a compelling narrative going forward.