Bill Dezellem

George Melas-Kyriazi

Howard Halpern

Jeff Martin

Michael Taglich

Steve Cole

Steve Coleby

William Dezellem

- BGSF, Inc. announced additional information regarding a **special cash dividend of $2.00 per share**.  **[1474903_0001474903-25-000134_ex991pressreleasedividendu.htm:0]** **[1474903_0001474903-25-000134_bgsf-20250916.htm:1]** 
- The dividend is payable on **September 30, 2025**, to shareholders of record as of **September 23, 2025**.  **[1474903_0001474903-25-000134_ex991pressreleasedividendu.htm:0]** **[1474903_0001474903-25-000134_bgsf-20250916.htm:1]** 
- Due to the dividend representing more than 25% of the trading price, BGSF shares will trade with "due bills" from **September 23, 2025**, through **September 30, 2025**.  **[1474903_0001474903-25-000134_ex991pressreleasedividendu.htm:0]** **[1474903_0001474903-25-000134_bgsf-20250916.htm:1]** 
- The ex-dividend date for the special cash dividend is **October 1, 2025**.  **[1474903_0001474903-25-000134_ex991pressreleasedividendu.htm:0]** **[1474903_0001474903-25-000134_bgsf-20250916.htm:1]**

BGSF Announces Special Cash Dividend Details

- **BGSF, Inc. completed the divestiture of its Professional Division to INSPYR Solutions for $99 million in cash on September 8, 2025**.  **[1474903_0001474903-25-000125_ex991pressreleaseinspyrclo.htm:0]** **[1474903_0001474903-25-000125_bgsf-20250908.htm:2]** 
- The company intends to use the net proceeds to **substantially eliminate its outstanding debt**, having already repaid approximately **$43 million** in credit agreement debt and **$4.4 million** from a convertible note on September 8, 2025, and to make high-return investments in its Property Management business.  **[1474903_0001474903-25-000125_ex991pressreleaseinspyrclo.htm:0]** **[1474903_0001474903-25-000125_bgsf-20250908.htm:2]** 
- The unaudited pro forma consolidated balance sheet as of June 29, 2025, shows total assets of **$85,386 thousand** and total liabilities of **$10,337 thousand**.  **[1474903_0001474903-25-000125_ex992unauditedproformafina.htm:3]** 
- Pro forma consolidated revenues for the twenty-six week period ended June 29, 2025, were **$44,389 thousand**, resulting in a net loss of **$(3,808) thousand**.  **[1474903_0001474903-25-000125_ex992unauditedproformafina.htm:3]**

BGSF, Inc. closes divestiture of Professional Division

- BGSF Inc. announced a **special cash dividend of $2.00 per share** payable on **September 30, 2025**, to shareholders of record as of **September 23, 2025**.  **[1474903_ac179764d49748a29e5fe44a91095c06]** 
- This dividend follows the **sale of its Professional Division for $99 million**, a move the company's Board and Co-CEOs believe will increase shareholder value and maintain financial flexibility.  **[1474903_ac179764d49748a29e5fe44a91095c06]** 
- Following the announcement, BGSF's stock **climbed as much as 25%**; however, analysts present mixed views, with price targets ranging from **$5.50 to $10.50** and concerns about declining revenue and profitability.  **[1474903_ac179764d49748a29e5fe44a91095c06]** 
- GuruFocus estimates BGSF's valuation at **$3.52**, suggesting a potential **45% downside** from the current price, despite recent optimism.  **[1474903_ac179764d49748a29e5fe44a91095c06]**

BGSF Declares Special Dividend Following Division Sale

- BGSF, Inc. announced that its Board of Directors has declared a special cash dividend of **$2.00 per share** of the Company’s common stock.  **[1474903_0001474903-25-000122_ex991pressreleasespecialdi.htm:0]** **[1474903_0001474903-25-000122_bgsf-20250911.htm:1]** 
- The special cash dividend is payable on **September 30, 2025**, to shareholders of record as of the close of business on **September 23, 2025**.  **[1474903_0001474903-25-000122_ex991pressreleasespecialdi.htm:0]** **[1474903_0001474903-25-000122_bgsf-20250911.htm:1]** 
- This dividend represents an initial step in the allocation of capital received from the sale of the Company's Professional Division, intended to increase shareholder value and maintain significant liquidity and financial flexibility.  **[1474903_0001474903-25-000122_ex991pressreleasespecialdi.htm:0]**

BGSF (BGSF)