This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

BBSI Announces The Untimely Death Of Its Chairman And CEO

VANCOUVER, Wash., Jan. 20, 2011 (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. (Nasdaq:BBSI) announced that William Sherertz, the company's Chairman and CEO, passed away this morning unexpectedly. Mr. Sherertz was 64 years old. He had been hospitalized recently for treatment of respiratory failure.

The Board of Directors issued the following statement: "We are shocked and greatly saddened by the passing of Bill Sherertz.  He was a visionary leader, a devoted father to his children and a good friend.  The company's directors and employees, as well as the many people he worked with and mentored over the years, mourn his loss.  We extend our sympathies to his family, particularly his wife and four children, who meant the world to him."

The Board of Directors appointed Michael Elich, who has been with the company for nearly 10 years, including the past five years as its Chief Operating Officer, as Interim President and Chief Executive Officer.   Before joining BBSI, Mr. Elich was chief operating officer of Skills Resource Training Center, a staffing services company with offices in Idaho, Oregon and Washington. The Board of Directors also appointed long-time outside director Anthony Meeker as Chairman of the Board. Mr. Meeker served for seven years as Treasurer of the State of Oregon and retired in 2003 as a Managing Director of Victory Capital Management, Inc.  He also served as chairman of the board of First Federal, a federally chartered savings bank headquartered in McMinnville, Oregon.

Mr. Meeker commented, "I am honored to serve as BBSI's newly appointed independent Chairman. Over the years, Bill built an exceptional executive management team with long tenures at the company. This team, led by Mike Elich, has been in charge of day-to-day operations since Bill's original illness in mid-2008."

Conference Call

A conference call will be held at 10 a.m. Pacific time on Friday, January 21, 2011, at which Tony Meeker, Mike Elich and Jim Miller, the company's Chief Financial Officer, will be on hand to answer investors' questions. To participate in the call, dial (877) 214-1511. The call identification number is 39124191. The conference call will also be webcast live at www.barrettbusiness.com . To access the webcast, click on the Investor Relations section of the Web site and select Webcast. A replay of the call will be available beginning Friday, January 21, 2011, at 1:00 p.m. PT and ending on Friday, January 28, 2011. To listen to the recording, dial (800) 642-1687 and enter conference identification code 39124191.

A conference call to discuss fourth quarter 2010 operating results will be held in early February. Details for participating in the call will be announced next week.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs