TrueBlue Inc. Outlines Strategic Growth and Board Refreshment in Response to EHS Management

On January 8, 2026, TrueBlue, Inc. (NYSE: TBI) released a statement highlighting its ongoing strategic initiatives aimed at achieving long-term profitable growth. This announcement comes amidst recent comments and nominations put forth by EHS Management, LLC, signaling a decisive response from TrueBlue's Board of Directors.

TrueBlue is executing a disciplined plan that has already shown improvement in financial results, positioning the company for sustainable growth. The company has focused on enhancing its performance in attractive end markets, particularly within its skilled workforce solutions, while simultaneously streamlining its cost structure to enhance profitability and operational efficiency.

TrueBlue's commitment to leveraging technology is evident through enterprise-wide enhancements to its proprietary platforms, which are designed to deliver faster and more transparent workforce solutions. The company emphasizes that these technological advancements are critical to driving improved profitability and sustainable margin expansion.

The staffing sector, characterized by its fragmentation, presents a significant opportunity for TrueBlue. The company’s disciplined execution of its strategic plan is designed to capitalize on this market potential and enhance shareholder value as conditions improve.

In a bid to align with its strategic priorities and enhance governance, TrueBlue has made significant changes to its Board of Directors. The company has been actively engaging with shareholders to inform its board refreshment process, resulting in the appointments of William Greenblatt and William Seward, two seasoned professionals with extensive industry experience.

These appointments come alongside the planned retirement of two existing directors, a move that has been endorsed by TrueBlue’s largest shareholder. The company’s Board is committed to evolving its composition to strengthen operational oversight and drive growth, reflecting a responsive approach to shareholder feedback.

TrueBlue’s leadership engaged constructively with Eric Su of EHS Management during the refreshment process, clarifying the changes already underway. The Board’s proactive communication with Su, prior to his public nominations, underscores its commitment to transparency and shareholder engagement.

Despite EHS Management’s intent to initiate a proxy contest, TrueBlue asserts that significant changes are already in progress, showcasing the Board’s commitment to continuous improvement and strategic alignment.

The current composition of TrueBlue’s Board features professionals with deep operational, financial, and industry expertise, vital for executing the company's long-term growth strategy. The leadership emphasizes its dedication to shareholders, remaining open to constructive feedback and prioritizing actions that contribute to long-term value creation.

As TrueBlue prepares for the upcoming 2026 Annual Meeting of Shareholders, the Board is set to present its recommendations regarding the election of directors in the definitive proxy statement, which will be filed with the Securities and Exchange Commission.

In support of its strategic initiatives, TrueBlue has engaged Barclays as its financial advisor and Sidley Austin LLP as legal counsel. These partnerships are aimed at ensuring the company is well-positioned to navigate the complexities of the staffing market and execute its growth strategy effectively.

TrueBlue, Inc. stands at a pivotal moment in its journey towards sustainable, profitable growth. With a clear strategic plan, a renewed Board of Directors, and a commitment to operational efficiency and technological advancement, the company is poised to capitalize on opportunities within the fragmented staffing market. As shareholder engagement continues to shape its governance and strategic direction, TrueBlue reinforces its dedication to aligning with the best interests of its stakeholders while aiming for long-term value creation.