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Star Equity Fund nominates director candidate for GEE Group board

June 3, 2026 8:31 AM

Star Equity Fund, a 5.4% shareholder of GEE Group Inc. (NYSE American: JOB), announced the nomination of Rick Coleman for election to the company's board of directors at the 2026 annual meeting of shareholders. The fund also recommended shareholders vote to remove two incumbent directors, Peter Tanous and Thomas Vetrano.

Star Equity Fund stated that Coleman, currently chief operating officer of Star Equity Holdings Inc., previously served as chief executive officer of staffing company Command Center Inc. In that role, he helped restructure the board and negotiated a reverse merger transaction with HireQuest Inc. (NASDAQ: HQI).

The fund cited GEE Group's financial performance, noting that the company's revenue declined to $86 million in March 2026 from $165 million in fiscal year 2022. The fund also referenced the company's share price decline over the past five years and recent director resignations.

Star Equity Fund criticized the two incumbent directors for approving what it characterized as executive employment agreements in 2023 while serving on the compensation committee. The fund stated these agreements included severance payments upon a change in control that were not subject to shareholder approval.

The fund said it has engaged with GEE Group since January 2026, proposing merger discussions and calling for a sale process. Star Equity Fund indicated its proposed actions would not trigger change in control provisions in the 2023 employment agreements.

GEE Group operates as a staffing and human resources company. Star Equity Fund is managed by the investments division of Star Equity Holdings Inc. (NASDAQ: STRR).

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