Star Equity Fund calls on GEE Group to revise executive pay agreements

Star Equity Fund (STRR), which holds a 5.4% stake in GEE Group (JOB), called on the staffing company to modify executive employment agreements that it claims contain excessive severance and change-in-control provisions. The investment fund estimates that a change in control under the 2023 employment agreements for CEO Derek Dewan, CFO Kim Thorpe, and COO Alex Stuckey would trigger payments of at least $8M to the three executives. Star Equity Fund stated this represents approximately 35% of GEE Group’s unaffected market capitalization. GEE Group previously announced it hired Roth Capital Partners to evaluate strategic alternatives following Star Equity Fund’s March 2026 recommendation for a sale process. Star Equity Fund stated the current executive agreements could impede a value-maximizing sale process.