GEE Group Inc. Files 2024 Annual Report
Ticker: JOB · Form: 10-K · Filed: Dec 19, 2024 · CIK: 40570
Sentiment: neutral
Topics: 10-K, annual-report, employment-services
TL;DR
GEE Group filed its 2024 10-K. Check financials.
AI Summary
GEE Group Inc. filed its 10-K for the fiscal year ending September 30, 2024, reporting on its operations in the employment services sector. The company, formerly known as General Employment Enterprises Inc., is headquartered in Jacksonville, Florida. The filing details financial performance and business operations for the period.
Why It Matters
This 10-K filing provides investors and stakeholders with a comprehensive overview of GEE Group Inc.'s financial health and strategic direction for the fiscal year 2024.
Risk Assessment
Risk Level: medium — The filing is a standard annual report, but the specific financial details and operational risks are not fully elaborated in the provided snippet, requiring deeper analysis.
Key Numbers
- 73 — Public Document Count (Indicates the volume of documents associated with this filing.)
- 0000040570 — Central Index Key (Unique identifier for the filer in SEC EDGAR system.)
Key Players & Entities
- GEE Group Inc. (company) — Filer of the 10-K
- General Employment Enterprises Inc. (company) — Former name of GEE Group Inc.
- Jacksonville, Florida (location) — Headquarters location
- 0930 (date) — Fiscal year end
- 20240930 (date) — Fiscal year end
FAQ
What were GEE Group Inc.'s total revenues for the fiscal year ending September 30, 2024?
The provided snippet does not contain specific revenue figures for the fiscal year ending September 30, 2024.
What is the primary business segment of GEE Group Inc. as indicated in the filing?
The primary business segment is Services-Employment Agencies [7361], with specific mention of Professional Staffing Services.
When did GEE Group Inc. change its name from General Employment Enterprises Inc.?
The date of name change from General Employment Enterprises Inc. was July 3, 1992.
What is the state of incorporation for GEE Group Inc.?
The state of incorporation for GEE Group Inc. is IL (Illinois).
What is the business address and phone number listed for GEE Group Inc.?
The business address is 7751 Belfort Parkway, Suite 150, Jacksonville, FL 32256, and the phone number is 904-512-7504.
Filing Stats: 4,297 words · 17 min read · ~14 pages · Grade level 14.1 · Accepted 2024-12-19 16:15:32
Key Financial Figures
- $0.36 — rant on March 28, 2024 was 91,210,129 x $0.36 = $ 32,835,646 . The number of shares
- $100 million — l firms with annual revenue of at least $100 million or more, represent a relatively small p
Filing Documents
- job_10k.htm (10-K) — 1547KB
- job_ex41.htm (EX-4.1) — 16KB
- job_ex191.htm (EX-19.1) — 16KB
- job_ex231.htm (EX-23.1) — 2KB
- job_ex232.htm (EX-23.2) — 2KB
- job_ex311.htm (EX-31.1) — 9KB
- job_ex312.htm (EX-31.2) — 12KB
- job_ex321.htm (EX-32.1) — 5KB
- job_ex322.htm (EX-32.2) — 4KB
- 0001477932-24-008212.txt ( ) — 6092KB
- job-20240930.xsd (EX-101.SCH) — 52KB
- job-20240930_lab.xml (EX-101.LAB) — 324KB
- job-20240930_cal.xml (EX-101.CAL) — 45KB
- job-20240930_pre.xml (EX-101.PRE) — 263KB
- job-20240930_def.xml (EX-101.DEF) — 140KB
- job_10k_htm.xml (XML) — 911KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations. 29 Item 7A.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk. 40 Item 8.
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data. F-1 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. 41 Item 9A.
Controls and Procedures
Controls and Procedures. 41 Item 9B. Other Information. 41 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections. 41 PART III Item 10. Directors, Executive Officers and Corporate Governance. 42 Item 11.
Executive Compensation
Executive Compensation. 57 Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. 64 Item 13. Certain Relationships and Related Transactions, and Director Independence. 67 Item 14. Principal Accountant Fees and Services. 67 PART IV Item 15. Exhibits and Financial Statement Schedules. 69
SIGNATURES
SIGNATURES 72 2 Table of Contents PART I
Forward Looking Statements
Forward Looking Statements This Annual Report on Form 10-K includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Company has based these forward-looking statements on the Company's current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us and the Company's subsidiaries that may cause the Company's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "would," "expect," "plan," "anticipate," "believe," "estimate," "continue" or the negative of such terms or other similar expressions. Factors that might cause or contribute to such a material difference include, but are not limited to, those discussed elsewhere in this Annual Report, including the section entitled "Risk Factors" and the risks discussed in the Company's other Securities and Exchange Commission filings. The following discussion should be read in conjunction with the Company's audited Financial Statements and related Notes thereto included elsewhere in this report.
Business
Item 1. Business General GEE Group Inc. (the "Company," "us," "our" or "we") was incorporated in the State of Illinois in 1962 and is the successor to employment offices doing business since 1893. We are a provider of human resources solutions which primarily include the provision of temporary and permanent personnel in the professional and industrial services sectors to customers located in the United Sates. We, through our operating subsidiaries, deliver our services from a network of three virtual locations and 23 branch office locations located in or near several major U.S. cities, including, but not limited to: Atlanta, Dallas, Denver, and Miami. The Company has several subsidiary corporations all of which are wholly owned and consolidated under GEE Group Inc. Our material operating subsidiaries include Access Data Consulting Corporation, Agile Resources, Inc., BMCH, Inc., Paladin Consulting, Inc., Scribe Solutions, Inc., SNI Companies, Inc., Triad Logistics, Inc., and Triad Personnel Services, Inc. In addition, we and our operating subsidiaries own and operate under other trade names, including Accounting Now, Ashley Ellis, Staffing Now, SNI Banking, SNI Certes, SNI Energy, SNI Financial, SNI Technology, GEE Group (Columbus), General Employment, Omni One and Triad Staffing. Services Provided We provide our services to a broad range of customers from small and medium-sized businesses to the Fortune 1000. Our services include the provision of highly specialized contract or permanently placed professionals in several verticals, including IT, engineering, accounting and finance, office support, and specialized contract healthcare professionals, including scribes who specialize in electronic medical record ("EMR") services for emergency departments, specialty physician practices and clinics. We also provide temporary staffing services in the light industrial (blue collar) areas. Our contract and placement services are principally provided under two operat