TrueBlue, Inc. 8-K

What Happened

• TrueBlue, Inc. announced on April 10, 2026 that it entered into a Cooperation Agreement with Eric H. Su, EHS Management LLC and EHS Azure Opportunity Fund LP (together, “EHS”). The parties agreed that the TrueBlue Board will appoint a mutually agreed-upon new independent director (the “New Director”) no later than September 30, 2026, with a term expiring at the company’s 2027 annual meeting of shareholders. EHS has agreed to support TrueBlue’s slate of director nominees for the 2026 Annual Meeting. A press release about the agreement was issued April 13, 2026 and is furnished as an exhibit to the 8‑K.

Key Details

• Agreement date: April 10, 2026; press release dated April 13, 2026.
• New Director appointment deadline: on or before September 30, 2026; term expires at the 2027 Annual Meeting.
• EHS support: EHS agreed to back TrueBlue’s slate for the 2026 Annual Meeting.
• Replacement/continuity condition: if the New Director can no longer serve and EHS’s Net Long Position remains at or above 1.0% of outstanding common stock, TrueBlue and EHS will cooperate to select and appoint a replacement.
• Agreement includes customary voting commitments, a standstill, non-disparagement and expense reimbursement provisions.

Why It Matters

• The agreement changes governance dynamics by adding an independent director chosen by mutual agreement and secures EHS’s support for the company’s 2026 director slate.
• Investors should note the timeline (appointment by Sept. 30, 2026) and the 1.0% Net Long Position threshold that affects replacement rights. These are concrete, contract-based governance commitments that will be relevant ahead of TrueBlue’s 2026 and 2027 shareholder meetings.