BGSF, INC. reported a material weakness in internal control
Internal control reported effective→Material weakness in internal control
Material Weakness A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company’s annual or interim consolidated financial statements will not be prevented or detected on a timely basis. 69 The following material weakness has been identified and included in management’s assessment: The Company lacks effectively designed and implemented controls related to the review and…
Evidence
Current state
material_weakness
Current state label
Material weakness in internal control
Direction
newly reported
Prior filed
2025-03-17
Prior form
10-K
Prior state
effective
Prior state label
Internal control reported effective
Remediation stated
No
Severity
high
Source
Item 9A internal control conclusion, compared with the prior filing
Why
The company's conclusion on internal control over financial reporting changed: a material weakness was newly reported, or a previously reported one no longer appears.
BGSF, INC. told the SEC it could not file its annual report on time
(the “Company”) was unable, without unreasonable effort or expense, to file the Company’s Annual Report on Form 10-K for the fiscal year ended December 28, 2025 (the “Form 10-K”) by March 13, 2026, the required filing due date, primarily due to delays associated with finalizing the presentation of continuing operations and discontinued operations and related disclosures in connection with the recent sale of the Company’s Professional segment, which was consummated on September 8, 2025 (as previously disclosed in the Company’s Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on September 12, 2025). The Company is working diligently to complete and…
Evidence
Days past due date
-12
Routine
No
Severity
elevated
Source
Form 12b-25 (notification of late filing)
Stated reason
(the “Company”) was unable, without unreasonable effort or expense, to file the Company’s Annual Report on Form 10-K for the fiscal year ended December 28, 2025 (the “Form 10-K”) by March 13, 2026, the required filing due date, primarily due to delays associated with finalizing the presentation of continuing operations and discontinued operations and related disclosures in connection with the recent sale of the Company’s Professional segment, which was consummated on September 8, 2025 (as previously disclosed in the Company’s Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on September 12, 2025). The Company is working diligently to complete and…
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.