This Day On The Street
Continue to site
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

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 . 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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.18 1.64%
FB $117.43 -0.96%
GOOG $692.36 -0.84%
TSLA $232.32 -3.92%
YHOO $36.01 -1.42%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs