Item - 8.01 Other Events.

On June 26, 2020, the Board of Directors of HireQuest, Inc. (the "Company") authorized and approved a share repurchase program pursuant to which the Company may purchase up to 1 million shares of the Company's common stock, par value $0.001 per share, through June 26, 2021. The shares may be purchased from time to time in open market transactions at prevailing market prices, in privately-negotiated transactions, in block purchases, utilizing Rule 10b5-1 programs, or by other means all in accordance with federal securities laws. Applicable purchases will be made in accordance with Rule 10b-18 under the Securities and Exchange Act, as amended. There can be no assurance of how many shares will be purchased, and the repurchase program may be suspended or discontinued at any time. The actual timing, number, and value of shares purchased under the program will depend on a number of factors including the market price of the Company's stock, general market and economic conditions, and applicable legal requirements. Purchases will be financed through the Company's existing cash balances and cash provided through operations. As of June 15, 2020, the Company had approximately 13.5 million shares outstanding.

On June 29, 2020, the Company issued a press release announcing the share repurchase program, a copy of which is included as Exhibit 99.1 to this Current Report on Form 8-K.

Cautionary Note Regarding Forward-Looking Statements

This Current Report on Form 8-K and the Press Release included as Exhibit 99.1 hereto contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including statements regarding stock which may be repurchased pursuant to the share repurchase program discussed herein and therein, the method, means, and timing of any such repurchases, and the future financial position and liquidity of the Company. All statements other than statements of historical facts contained herein and therein, including the statements identified in the preceding sentence and other statements regarding our future shares outstanding, financial position, liquidity, and plans and objectives of management are forward-looking statements. The words "may," "believe," "estimate," "anticipate," "continue," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect," and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs.

Important factors that could cause actual results to differ from those in the forward-looking statements include: the possibility that the market for our shares of stock may materially change; the risk that our business may be negatively impacted by the economy, including without limitation, the effects of COVID-19; the possibility that we may suspend or terminate our share repurchase program; the level of demand and financial performance of the temporary staffing industry; the financial performance of the Company's franchisees; and changes in customer demand.

Further information on risks we face is contained in our filings with the SEC, including our Form 10-K for the year ended December 31, 2019. Any forward-looking statement made by us herein or in the press release, speaks only as of the date on which it is made. Factors or events that could cause our actual results and future actions to differ may emerge from time to time, and it is not possible to predict them all. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required by law.

Item - 9.01 Financial Statements and Exhibits.





(d) Exhibits.

   ExhibitNo.        Description
     99.1              Press release of HireQuest, Inc. dated June 29, 2020




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