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GEE Group Inc. entered into a Cooperation Agreement with Star Equity Fund, LP on August 21, 2026, resolving an…
JOBGEE Group Inc.
GEE Group Inc. entered into a Cooperation Agreement with Star Equity Fund, LP on August 21, 2026, resolving an activist campaign. The agreement requires the Company to declassify its Board of Directors, resulting in a majority of directors serving one-year terms at the 2027 Annual Meeting and full declassification by 2028. In exchange, Star Equity Fund withdrew its notice of intent to nominate directors and cease solicitations for the upcoming meeting, while agreeing to vote in accordance with Board recommendations under specific conditions. The investor also agreed to standstill provisions limiting beneficial ownership to 7.5% and prohibiting further proxy solicitation or actions to influence management. This governance change is material as it alters board structure and resolves activist pressure. GEE Group Inc. operates in the professional staffing services industry, providing specialized recruitment solutions across IT, healthcare, finance, and engineering sectors.