Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain
On June 15, 2022, TrueBlue, Inc. (the "Company") announced that Patrick Beharelle has resigned as Chief Executive Officer and as a member of the Board of Directors of the Company, effective June 14, 2022. Mr. Beharelle's resignation follows an investigation, led by outside counsel, into allegations regarding his conduct. Based on the findings of this investigation, the Board of Directors determined he engaged in behaviors that violate TrueBlue's policies and Code of Conduct. Mr. Beharelle's conduct in question was not related to financial controls, financial statements or business performance. Mr. Beharelle will not receive any severance payment in connection with his resignation. Steven C. Cooper, age 60, current Chairman and former CEO of the Company, has been appointed to serve as Chief Executive Officer of the Company, effective June 14, 2022. Biographical information regarding Mr. Cooper is included on page 18 of the Company's proxy statement for its 2022 Annual Meeting of Shareholders and is incorporated herein by reference. Mr. Cooper's compensation arrangements as Chief Executive Officer have not yet been finalized. The Company will file an amendment to this Current Report on Form 8-K within four business days of such arrangements being finalized.
Item 7.01. Regulation FD Disclosure.
On June 15, 2022, the Company issued a press release regarding Mr. Beharelle's resignation and Mr. Cooper's appointment, a copy of which is attached hereto as Exhibit 99.1 and the contents of which are incorporated herein by this reference. Item 9.01. Financial Statements and Exhibits. (d)Exhibits Exhibit Number Exhibit Description Filed Herewith 99.1 Press Release dated June 15, 2022 X
104 Cover page interactive data file – The cover page from this Current
X Report on Form 8-K is formatted as Inline XBRL
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