Recent Updates — JOB

GEE Group Inc.'s stockholders failed to approve a proposal to amend the Articles of Incorporation to increase the total number of authorized shares of Common Stock from approximately 6,666,667 shares (post-1-for-30 reverse split) to 200,000,000 shares. The vote resulted in 52,217,222 votes for, 32,322,803 against, and 4,594,179 abstentions. This proposal was reconvened from the September 30, 2026 meeting to allow additional solicitation of votes. GEE Group Inc. operates in the engineering, procurement, and construction industry.

GEE Group Inc. held its Annual Meeting of Stockholders on September 30, 2026, where shareholders approved the election of two Class I directors (Ms. Jyrl James and Mr. David Sandberg), ratified Cherry Bekaert LLP as independent auditors, and approved a one-for-thirty reverse stock split. The meeting was adjourned to October 8, 2026, solely to solicit additional votes for an amendment to increase authorized common shares from approximately 6.67 million to 200 million following the split. GEE Group Inc. operates in the environmental services industry, specializing in hazardous waste management and remediation.

GEE Group Inc.'s Audit Committee discovered an undisclosed Executive Employment Agreement dated April 27, 2023, between the Company and Allison Dewan, Vice President of Corporate Development. Ms. Dewan is the daughter of Chairman and CEO Derek Dewan. The company has initiated an independent inquiry into the agreement's authorization, disclosure controls, and whether it constitutes a related party transaction with annual compensation exceeding $120,000. The five-year contract provides for a base salary of $110,000 per year, plus bonuses, equity incentives, and executive-level severance provisions. GEE Group Inc. operates in the industrial sector, providing engineering, procurement, construction, and maintenance services to the oil and gas industry.

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.

GEE Group Inc. reported fiscal 2026 third-quarter results ending June 30, 2026, showing a turnaround from prior-year losses. Net income from continuing operations rose to $566 thousand ($0.01 per diluted share) compared to a $401 thousand loss in the same period last year. Consolidated revenues decreased 15% to $20.8 million due to a 20% drop in contract staffing services, partially offset by a 16% increase in direct hire placement revenue to $3.8 million. Gross margins improved to 39.9%, and SG&A expenses fell 12% to $7.8 million. The company maintains zero long-term debt with $20.3 million in cash. Additionally, GEE Group announced it filed a Universal Shelf Registration Statement on Form S-3 to potentially raise up to $100 million in equity or debt and engaged Roth Capital Partners to analyze strategic alternatives for increased shareholder value. GEE Group Inc. operates in the professional staffing services industry, providing specialized recruitment solutions across IT, healthcare, finance, and engineering sectors.