Entry into a Material Definitive Agreement · Other Events
Item 1.01 Entry into a Material Definitive Agreement. On August 21, 2026, GEE Group Inc. (the “Company”) (NYSE American: JOB) entered into a Cooperation Agreement (the “Cooperation Agreement”) with Star Equity Fund, LP (collectively with its affiliates, “Star Equity Fund”).…
Filed Aug 21, 2026Accepted Aug 21, 2026, 5:21 PM EDTCIK 40570Accession 0001477932-26-005233
GEE Group Inc. is a provider of specialized staffing solutions and is the successor to employment offices doing business since 1893. The Company provides professional staffing services and solutions in information technology, engineering, finance and accounting specialties through the names of Access Data Consulting, Agile Resources, Omni-One, GEE Group Columbus, Hornet Staffing and Paladin Consulting. Also, in the healthcare sector, GEE Group, through its Scribe Solutions brand, staffs medical scribes who assist physicians in emergency departments of hospitals and in medical practices by providing required documentation for patient care in connection with electronic medical records (EMR). The Company provides contract and direct hire professional staffing services through the following SNI brands: Accounting Now®, SNI Technology®, Legal Now®, SNI Financial®, Staffing Now®, SNI Energy®, and SNI Certes.
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Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01 Entry into a Material Definitive Agreement.
On August 21, 2026, GEE Group Inc. (the “Company”) (NYSE American: JOB) entered into a Cooperation Agreement (the “Cooperation Agreement”) with Star Equity Fund, LP (collectively with its affiliates, “Star Equity Fund”). Pursuant to the Cooperation Agreement, the Company agreed to declassify the Company’s Board of Directors (the “Board”), such that (i) the directors elected at the Company’s 2026 Annual Meeting of Shareholders (the “2026 Annual Meeting”) will be elected for a term that expires at the Company’s 2027 Annual Meeting of Shareholders (the “2027 Annual Meeting”), (ii) following the 2026 Annual Meeting, a majority of the directors (including, without limitation, those elected in 2025) will be elected for a one-year term at the 2027 Annual Meeting, which will result in a majority of the directors thereafter serving exclusively one-year terms, and (iii) any directors elected or appointed to the Board subsequent to August 21, 2026, shall be elected for a one-year term that expires at the next annual meeting of shareholders.
Subject to the terms and conditions of the Cooperation Agreement, Star Equity Fund has agreed to irrevocably withdraw its notice of intent to nominate a candidate for election to the Board and to present a business proposal at the 2026 Annual Meeting, and to cease all solicitations and related activities in connection with the 2026 Annual Meeting.
During the term of the Cooperation Agreement, Star Equity Fund has agreed to vote all shares of Common Stock of the Company, no par value (the “Common Stock”) beneficially owned by it at all meetings of the Company’s shareholders in accordance with the Board’s recommendations, except that Star Equity Fund may vote (i) in accordance with the recommendation of Institutional Shareholder Services Inc. or Glass, Lewis & Co., LLC if either of them recommends differently from the Board (other than on proposals with respect to the election, removal or replacement of directors or the Company’s “say-on-pay” proposal) and (ii) in its discretion on Extraordinary Transactions (as defined in the Cooperation Agreement) and any amendment to the Company’s Amended and Restated Articles of Incorporation (the “Articles of Incorporation”) (except that Star Equity Fund shall vote in accordance with the Board’s recommendations with respect to any proposal regarding an amendment to the Articles of Incorporation submitted to shareholders at the 2026 Annual Meeting).
Star Equity Fund has also agreed to certain customary standstill provisions prohibiting it from, among other things, (i) soliciting proxies; (ii) advising or knowingly encouraging any person with respect to the disposition of any securities of the Company, subject to limited exceptions; (iii) acquiring, in the aggregate, beneficial ownership of more than 7.5% of the outstanding shares of Common Stock; and (iv) taking actions to change or influence the Board, management or the direction of certain Company matters. The Cooperation Agreement also contains certain customary mutual non‑disparagement provisions.
The Cooperation Agreement will terminate on the date that is the earlier of (i) the date that is the opening of the advance notice period pursuant to the Company’s Amended and Restated By-laws for the submission of shareholder director nominations for the 2027 Annual Meeting and (ii) 120 days prior to the one-year anniversary of the 2026 Annual Meeting. Each of the Company and Star Equity Fund has the right to terminate the Cooperation Agreement earlier if the other party commits a material breach of the Cooperation Agreement and such breach is not cured within 15 days after notice or, if such breach is not curable within 15 days, the breaching party has not taken any substantive action to cure within such 15-day period.
The foregoing description of the Cooperation Agreement in this Current Report on Form 8-K is qualified in its entirety by reference to Exhibit 10.1, which is incorporated herein by reference.
Item 8.01Item 8.01 - Other Events
Item 8.01 Other Events.
On August 21, 2026, the Company issued a press release announcing the Company’s entry into the Cooperation Agreement. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Filed exhibits (1)
EX-99.1 (by filename) job_ex991.htm
EX-99.1
3
job_ex991.htm
PRESS RELEASE
job_ex991.htm
EXHIBITB 99.1
GEE GROUP INC. ANNOUNCES COOPERATION AGREEMENT WITH STAR EQUITY FUND
Reiterates Commitment to Strengthen Corporate Governance
Agrees to Board Declassification
Jacksonville, Florida / ACCESS Newswire / August 21, 2026 / GEE Group Inc. (NYSE American: JOB) together with its subsidiaries (collectively referred to as the “Company”, “GEE Group”, “our”, or “we”), a provider of professional staffing services and human resource solutions, today announced that the Company has entered into a cooperation agreement (the “Agreement”) with Star Equity Fund, LP (collectively with its affiliates, “Star Equity Fund”).
Under the terms of the Agreement, the Company and its Board of Directors (the “Board”) will declassify the Board, which will lead to a majority of the Board being declassified at the Company’s 2027 Annual Meeting of Shareholders, and the Board being fully declassified at the Company’s 2028 Annual Meeting of Shareholders. This initiative is reflective of the Company’s long-standing commitment to strengthen corporate governance and constructive engagement with shareholders.
In addition, Star Equity Fund has wit…