Note 17 - Subsequent Events

9 Months Ended

Oct. 01, 2022

Notes to Financial Statements

Subsequent Events [Text Block]

17. Subsequent Events

Effective October 2, 2022, the Company purchased the fixed and intangible assets of TalentHerder LLC (“TalentHerder”). TalentHerder will retain its net working capital. TalentHerder is in the business of recruitment and placement of executives and other employees for technology, venture-backed startups, and other companies. The Company paid TalentHerder $4.2 million in cash and $0.6 million in restricted stock at closing. In addition, the Company will make up to six deferred contingent payments in a combination of cash and stock, the total amount of which will not exceed $11.3 million. The deferred payments are contingent on achieving certain levels of net operating income.