GEE Group (JOB) said late Friday it has struck a cooperation agreement with Star Equity Fund.
Following the deal, the company and its board will declassify the board, leading to a majority of the board being declassified at its 2027 shareholder meeting, and the board being fully declassified at its 2028 annual meeting of shareholders, GEE said.
Star Equity Fund has withdrawn its director nominee for election and its proposal to remove two directors at the 2026 shareholder meeting and agreed to standstill provisions, the company said.