Filing Analysis
Regulation FD Disclosure
Filed May 06, 2026
LOW
BGSF, Inc. reported its financial results for the first fiscal quarter ended March 29, 2026. The filing includes a press release with GAAP and non-GAAP financial reconciliations as part of its standard quarterly reporting cycle.
Key Facts
- Earnings release for the first fiscal quarter ended March 29, 2026, was issued on May 6, 2026.
- The filing includes Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure).
- Non-GAAP financial information was provided alongside GAAP reconciliations in the attached press release (Exhibit 99.1).
- The report was signed by Keith Schroeder, who serves as Co-CEO, CFO, and Secretary.
Regulation FD Disclosure
Filed Mar 11, 2026
LOW
BGSF, Inc. announced its financial results for the fourth fiscal quarter ended December 28, 2025. The filing includes a press release with reconciliations of GAAP to non-GAAP financial measures.
Key Facts
- Reported financial results for the fourth fiscal quarter ended December 28, 2025
- Issued press release on March 11, 2026
- Keith Schroeder signed as Co-CEO, CFO, and Secretary
- Included non-GAAP financial information and reconciliations in Exhibit 99.1
Officer Departure
Filed Mar 02, 2026
LOW
BGSF, Inc. has formally appointed Keith Schroeder and Kelly Brown as permanent Co-Chief Executive Officers, transitioning from their previous interim status. The filing details the employment agreement for Ms. Brown, including a $375,000 base salary and specific incentives for acquisition-related performance.
Red Flags
- Co-CEO leadership structures can lead to operational friction or unclear accountability.
- The acquisition-linked bonus (1% of acquired EBITDA) may incentivize aggressive M&A activity over organic growth or valuation discipline.
- Concentration of roles: Keith Schroeder holds the positions of Co-CEO, CFO, and Secretary simultaneously.
Key Facts
- Keith Schroeder and Kelly Brown appointed Co-CEOs on a permanent basis effective February 24, 2026.
- Kelly Brown's employment agreement runs through December 31, 2027, with an initial base salary of $375,000.
- Ms. Brown is eligible for a bonus equal to 1% of an acquired company's adjusted EBITDA for the first 12 months post-acquisition.
- Severance terms provide for 12 months of base salary, increasing to 18 months if terminated following a change of control.
- Keith Schroeder remains Co-CEO while also serving as Chief Financial Officer and Secretary.
Disclaimer: This analysis is generated by AI and is for informational purposes only.
It does not constitute financial advice, investment recommendations, or an offer to buy or sell securities.
Always review the original SEC filings and consult a financial advisor before making investment decisions.