Short answer
HireQuest, Inc. (HQI) filed an 8-K current report with the SEC on March 6, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CEO Hermanns: $430K base salary, term through Aug 2026; CFO Hartley and CLO McAnnar each at $260K base through same term.
HireQuest, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO Hermanns: $430K base salary, term through Aug 2026; CFO Hartley and CLO McAnnar each at $260K base through same term
- Hermanns equity: 25,000 restricted shares; Hartley and McAnnar each receive 10,000 restricted shares; all vest 50% at 2-year mark, then 6.25%/quarter
- CEO bonus structure performance-linked: 0.5% of system-wide pre-tax income plus up to 10x Adjusted EBITDA YoY growth rate × base salary
- Change-of-control (50% threshold) triggers auto 1-year extension + 150% of base salary lump-sum severance and full equity acceleration for all three executives
- Without-cause termination for Hermanns pays 18 months base + full equity acceleration; Hartley/McAnnar severance capped at 6 months base salary
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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