BARRETT BUSINESS SERVICES, INC. (NASDAQ:BBSI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(e)On February25, 2019, the Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of Barrett Business Services, Inc. (the “Company”) approved the Amended and Restated Annual Cash Incentive Plan (the “Plan”), which amends and restates the existing plan adopted in 2015. The Plan governs cash incentive awards made each year to key executives of the Company, including its executive officers, and, as amended, is effective for awards made in 2019 and thereafter. The amendments to the Plan reflect changes to the Internal Revenue Code enacted by Congress in late 2017, as well as updating certain provisions. Awards under the Plan are tied to the achievement of performance goals, which may be based on qualitative or quantitative measures, or both, as determined by the Committee for each participant in the Plan. Cash payouts under the awards are made in accordance with a pre-established formula determined by the Committee.
|Item 7.01.||Regulation FD Disclosure.|
On March1, 2019, the Company announced that the Board had declared a regular quarterly cash dividend of $0.25 per share. The dividend is payable on March29, 2019, to all stockholders of record as of March15, 2019.
About BARRETT BUSINESS SERVICES, INC. (NASDAQ:BBSI)
Barrett Business Services, Inc. (BBSI) is a provider of business management solutions for small and mid-sized companies. The Company has developed a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. BBSI’s core purpose is to advocate for business owners, particularly in the small and mid-sized business segment. The Company offers two categories of services: Professional Employer Services (PEO) and Staffing. It enters into a client services agreement with its PEO clients to establish a co-employment relationship with each client company. Its staffing services include on-demand or short-term staffing assignments, contract staffing, long-term or indefinite-term on-site management and direct placement. It operates through a network of branch offices throughout California, Oregon, Washington, Arizona, Colorado, Idaho, Nevada, Utah, Delaware, Maryland, North Carolina and Virginia.