Alex Stuckey
GEE GroupAbout Alex Stuckey
Alex Stuckey (age 59) is Chief Operating Officer of GEE Group Inc. (NYSE American: JOB). He joined JOB via its 2015 merger with Scribe Solutions, where he was President and COO, and was reappointed JOB’s COO on August 26, 2022, bringing operational leadership and banking risk management expertise from prior roles at Barnett Bank and as CEO of Fire Fighters Equipment Co. (ultimately sold to Cintas) . He holds a bachelor’s degree in Entrepreneurship and Business Enterprises from Florida State University . Company performance context during his recent tenure: JOB’s TSR proxy illustration fell from $94 to $41 between FY2023 and FY2024, while GAAP net income moved from $9.4M to -$24.1M, factors that influenced incentive outcomes under the AICP framework .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| GEE Group Inc. | Chief Operating Officer | 2015–present (reappointed COO 8/26/2022) | Executive leadership post-Scribe merger; contributes to operations, dispute resolution, negotiation and litigation management . |
| Scribe Solutions, Inc. | President & COO | Pre-2015–2015 | Led achievements culminating in merger with General Employment Enterprises (now GEE Group) . |
| Fire Fighters Equipment Co. | Chief Executive Officer | Pre-Scribe tenure | Built startup into multi-million enterprise; drove groundbreaking marketing; sale to Cintas via stock purchase . |
| Barnett Bank | Special Assets Officer | Earlier career | Developed financial management and risk assessment skills; dispute resolution/negotiation/litigation management . |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| YPO | Education Chairman & Forum Moderator | Not disclosed | Executive education/peer leadership roles . |
| BOMA | Government Affairs & Legislative Chairman | Eight years | Industry advocacy and governance . |
| Sila Heating & Air Conditioning | Director | Not disclosed | Private equity-backed home services . |
| Super Home Services | Director | Not disclosed | Private equity-backed home services . |
| Castleworks Home Services Company | Director | Not disclosed | Private equity-backed home services . |
Fixed Compensation
| Metric | FY 2023 | FY 2024 |
|---|---|---|
| Base salary ($) | 331,000 | 331,000 |
| Cash bonus ($) | 37,238 (paid 12/1/2023) | – (no bonus disclosed) |
| Stock awards grant-date fair value ($) | 134,499 | 24,825 |
| All other compensation ($) | 28,040 | 27,031 |
| Total compensation ($) | 530,777 | 382,856 |
Performance Compensation
- AICP design: Short-term incentive (STI) paid in annual cash bonus; long-term incentive (LTI) paid in restricted stock with time-based and performance-based components under the 2013 Incentive Stock Plan .
STI Outcomes
| Year | Metric | Target | Actual | Payout | Notes |
|---|---|---|---|---|---|
| FY 2023 | Annual cash bonus | Not disclosed | Approved | 37,238 | Accrued by 9/30/2023, paid 12/1/2023 . |
| FY 2024 | Annual cash bonus | Not disclosed | Not disclosed | – (none disclosed) |
LTI Equity Awards (RSUs)
| Grant date | Shares | Type | Vesting | Performance condition |
|---|---|---|---|---|
| 12/2/2022 | 158,227 | RSU | Cliff vest 12/2/2025 | Time-based & performance-adjusted tranches . |
| 12/2/2022 | 12,025 | RSU (performance-related tranche) | Cliff vest 12/2/2025 | Amounts adjusted for FY2023 targets/actuals . |
| 12/1/2023 | 45,972 | RSU | Cliff vest 12/1/2026 | Time-based . |
| 11/29/2024 | 75,158 | RSU | Cliff vest 12/2/2025 | Subject to future performance measures . |
| 11/29/2024 | 15,324 | RSU | Cliff vest 12/1/2026 | Subject to future performance measures . |
| 8/13/2024 | 183,333 | Prior grant vested | Fully vested | Vested tranche—supply event . |
No stock options were granted to named executive officers in FY2023 or FY2024, and Stuckey had no outstanding options; option policy requires ATM strike, ≤5-year vest, 10-year expiry when used .
Equity Ownership & Alignment
| Date (Record) | Beneficial ownership (shares) | Percent of shares outstanding | Notes |
|---|---|---|---|
| 7/29/2024 | 1,849,957 | 1.70% (out of 108,771,578) | Includes 183,333 RSUs cliff vesting on 8/12/2024 . |
| 7/29/2025 | 1,811,321 | 1.66% (out of 109,413,244) | Excludes specified unvested RSUs vesting 2025/2026 . |
Outstanding Equity at FY-End (9/30/2024)
| Metric | Value |
|---|---|
| Unvested RSUs (shares) | 216,224 |
| Market value of unvested RSUs ($) | 56,218 |
| Options exercisable/unexercisable | None |
- Hedging/Pledging: Company imposes blackout/preclearance but does not have a written policy specifically prohibiting hedging by named executive officers; no pledging of Stuckey’s shares is disclosed in the proxy ownership table .
- Clawback: Board adopted an NYSE American-compliant clawback policy on November 30, 2023, requiring recovery of erroneously awarded incentive-based compensation upon material restatement .
Employment Terms
| Term element | Detail |
|---|---|
| Agreement date | New Stuckey Employment Agreement executed April 27, 2023 . |
| Term length | Five years; ends April 26, 2028 . |
| Auto-renewal | Standard one-year automatic extension absent termination notice . |
| Base salary | $331,000, subject to increases (not decreases) by Compensation Committee . |
| Annual bonus | Eligible; criteria to be agreed with Compensation Committee . |
| Equity incentives & benefits | Eligible to participate in equity-based incentive and benefit plans; perquisites included . |
| Severance & change-of-control | Standard termination, severance, change-of-control provisions (multiples/structure not disclosed) . |
| Non-compete & non-solicit | Standard provisions; confidentiality included . |
| Indemnification | Company indemnification agreements to fullest extent under governing documents and Illinois law (executed 4/27/2023) . |
Performance & Track Record
| Period | Indicator | Value |
|---|---|---|
| FY2023 | JOB TSR illustration (value of initial fixed $100 investment) | $94 . |
| FY2024 | JOB TSR illustration (value of initial fixed $100 investment) | $41 . |
| FY2023 | GAAP net income (USD thousands) | 9,418 . |
| FY2024 | GAAP net income (USD thousands) | (24,102) . |
- Notable achievements: At Fire Fighters Equipment Co., transformed a startup into a multi-million enterprise and executed sale to Cintas; leadership at Scribe Solutions contributed to merger with JOB, underpinning current COO role .
- Company strategic context: Since 2015, JOB transitioned toward professional staffing led by IT with revenue growth of 3–4x, improved margins, and deleveraging; Stuckey has been part of the executive team through this transformation .
Compensation Committee Analysis
- Committee composition: Thomas Vetrano (Chair), Peter Tanous, Darla Moore, Matthew Gormly, Jyrl James; independent under NYSE American standards .
- Consultant usage: Independent compensation consultants engaged in FY2022; AICP structure reviewed/approved Aug 26, 2022, with targets updated Sep 22, 2022 and Dec 28, 2023 (for FY2024) .
- Risk assessment: Board assessed compensation policy risks and did not believe they are reasonably likely to have a material adverse effect .
Investment Implications
- Alignment: Ownership at ~1.66% is meaningful for a COO in a micro-cap, with unvested RSUs tying future value to share performance; clawback enhances discipline .
- Selling pressure: Material vesting tranches occurred on 8/13/2024 (183,333 shares) and are scheduled for 12/2/2025 and 12/1/2026; these dates can create supply overhang or liquidity events, depending on trading plans .
- Pay-for-performance: FY2024 showed no disclosed bonus amid negative GAAP net income and weaker TSR, indicating restraint; FY2023 paid a modest bonus with positive earnings, suggesting directional alignment, although specific AICP performance metrics/weights are not disclosed .
- Governance risks: The absence of a written hedging prohibition for NEOs is a misalignment risk relative to best practice; no share pledging is disclosed for Stuckey, partially mitigating collateralization risk .