Item 1. Legal Proceedings
Item 1. Legal Proceedings
Refer to “Note 6 - Litigation,” to the unaudited condensed consolidated financial statements included in Part I, Item 1 of this report for information regarding legal proceedings in which we are involved.
Item 1A. Ri sk Factors
There have been no material changes in the risk factors that were included in our Annual Report on Form 10-K for the year ended December 31, 2023, which was filed with the SEC on March 1, 2024.
Ite m 2. Unregistered Sales of Equity Securities and Use of Proceeds
The following table summarizes information related to stock repurchases during the quarter ended September 30, 2024.
Month
Total Number of
Shares
Repurchased
Average Price
Paid Per Share
Total Number
of Shares
Repurchased
as Part of
Publicly
Announced Plan (1)
Approximate
Dollar Value of
Shares that
May Yet Be
Repurchased
Under the Plan
(in thousands) (1)
Jul 1 - Jul 31, 2024
30,000
$
32.64
30,000
$
43,900
Aug 1 - Aug 31, 2024
79,370
35.18
79,370
41,108
Sep 1 - Sep 30, 2024
119,200
35.66
119,200
36,858
Total
228,570
228,570
(1) On July 31, 2023, the Board of Directors authorized the repurchase of up to $75.0 million of the Company’s common stock over a two-year period beginning July 31, 2023. As of September 30, 2024, the Company had repurchased 1,331,658 shares at an aggregate purchase price of $38.1 million under the repurchase program.
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Item 6. Exhibits
31.1
Certification of Chief Executive Officer pursuant to Rule 13a-14(a) .
31.2
Certification of Chief Financial Officer pursuant to Rule 13a-14(a) .
32*
Certification pursuant to 18 U.S.C. Section 1350 .
101.INS
Inline XBRL Instance Document- the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
101.SCH
Inline XBRL Taxonomy Extension Schema Document
101.CAL
Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF
Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB
Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE
Inline XBRL Taxonomy Extension Presentation Linkbase Document
104
The cover page from the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, has been formatted in Inline XBRL.
* Furnished, not filed.
SIGNAT URES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
BARRETT BUSINESS SERVICES, INC.
Registrant
Date: November 6, 2024
By:
/s/ Anthony J. Harris
Anthony J. Harris
Executive Vice President and Chief Financial Officer and Treasurer
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.