SEC Form SC 13G/A filed by TrueBlue Inc. (Amendment)

2/14/23 2:27:39 PM ET

Professional Services

Consumer Discretionary

Get the next $TBI alert in real time by email

SC 13G/A 1 TBI13g01.txt TRUEBLUE, INC. AMENDMENT 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No.1) TRUEBLUE, INC. (Name of Issuer) Common Shares (Title of Class of Securities) 89785X101 (CUSIP Number) Hotchkis and Wiley Capital Management, LLC 601 S. Figueroa Street 39th Fl, Los Angeles, CA 90017 213-430-1897 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 31, 2022 (Date of Event which Requires Filing of This Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |X| Rule 13d-1(b) | | Rule 13d-1(c) | | Rule 13d-1(d) CUSIP No. 89785X101 -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Hotchkis and Wiley Capital Management, LLC S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 95-4871957 -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)|_| Joint filing (b)| | -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER 2,095,195 SHARES BENEFICIALLY ---------------------------------------------------------- OWNED BY 6 SHARED VOTING POWER 0 EACH REPORTING ---------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER 2,468,970 WITH ---------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,468,970 shares (Ownership disclaimed pursuant to Section 13d-4 of the 1934 Act) -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ___ -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.55% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IA -------------------------------------------------------------------------------- Item 1(a). Name of Issuer: TRUEBLUE, INC. Item 1(b). Address of Issuer's Principal Executive Offices: 1015 A Street Tacoma, Washington 98402 Item 2(a). Name of Person Filing: Hotchkis and Wiley Capital Management, LLC Item 2(b). Address of Principal Business Office or, if none, Residence: 601 S. Figueroa Street 39th Fl, Los Angeles, CA 90017 Item 2(c). Citizenship: Delaware Item 2(d). Title of Class of Securities: Common Shares Item 2(e). CUSIP Number: 89785X101 Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: (a)/ / Broker or dealer registered under Section 15 of the Exchange Act. (b)/ / Bank as defined in Section 3(a)(6) of the Exchange Act. (c)/ / Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d)/ / Investment company registered under Section 8 of the Investment Company Act. (as to 2(a)(b) above) (e)/X/ An investment adviser in accordance with Rule 13d-1(b)(1)(ii) (E). (as to 2(a)(a) above) (f)/ / An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F). (g)/ / A parent holding company or control person in accordance with Rule 13d-1(b)(ii)(G). (h)/ / A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. (i)/ / A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act. (j)/ / Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Item 4(a). Amount beneficially owned: 2,468,970 (Ownership disclaimed pursuant to Section 13d-4 of the 1934 Act) Item 4(b). Percent of class: 7.55% Item 4(c). Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 2,095,195 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 2,468,970 (iii) Shared power to dispose or to direct the disposition of: 0 Note that certain of HWCM's clients have retained voting power over the Common Shares that they beneficially own. Accordingly, HWCM has the power to dispose of more Common Shares than it can vote. Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [] Item 6. Ownership of More than Five Percent on Behalf of Another Person [] The securities as to which this Schedule is filed by HWCM, in its capacity as investment adviser, are owned of record by clients of HWCM. Those clients have the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of, such securities. No such client is known to have such right or power with respect to more than five percent of this class of securities. Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not Applicable Item 8. Identification and Classification of Members of the Group. Not Applicable Item 9. Notice of Dissolution of Group. Not Applicable Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2023 Signature: /s/ Tina H. Kodama Name/Title: Tina H. Kodama Chief Compliance Officer

Get the next $TBI alert in real time by email

Date	Price Target	Rating	Analyst
5/22/2023	$18.00 → $20.00	Market Perform → Outperform	BMO Capital Markets
5/26/2022	$36.00 → $20.00	Outperform → Market Perform	BMO Capital Markets
4/11/2022	$38.00	Buy	Sidoti

SEC Form SC 13G/A filed by TrueBlue Inc. (Amendment)

Chat with this insight

Recent Analyst Ratings for $TBI

$TBI Financials

Live finance-specific insights

TrueBlue Adopts Limited Duration Shareholder Rights Agreement

Heliogen, Inc. Announces Fourth Quarter and Full Year 2023 Financial and Operational Results; Appoints New CFO

TrueBlue's PeopleReady, PeopleScout and PeopleManagement Named to the Top Workplaces USA List

$TBI Leadership Updates

Live Leadership Updates

TrueBlue Reports Fourth Quarter and Full-Year 2024 Results

TrueBlue Accelerates Diversification into Attractive Healthcare Industry with Accretive Acquisition of Healthcare Staffing Professionals, Inc.

TrueBlue Reports Third Quarter 2024 Results

$TBI Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13G/A filed by TrueBlue Inc.

SEC Form SC 13G filed by TrueBlue Inc.

Amendment: SEC Form SC 13G/A filed by TrueBlue Inc.

$TBI Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

$TBI Press Releases

Fastest customizable press release news feed in the world

$TBI Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

$TBI SEC Filings

EVP and CFO Schweihs Carl bought $13,125 worth of shares (2,500 units at $5.25), increasing direct ownership by 2% to 169,051 units (SEC Form 4)

CEO and President Owen Taryn R bought $75,646 worth of shares (12,735 units at $5.94), increasing direct ownership by 3% to 414,932 units (SEC Form 4)

EVP and CFO Schweihs Carl bought $62,500 worth of shares (10,000 units at $6.25), increasing direct ownership by 6% to 166,551 units (SEC Form 4)

TrueBlue's PeopleScout Wins 2025 American Business Award for Affinix® Talent Technology

TrueBlue's PeopleReady Brand Recognized for Excellence in Technology Innovation with Proprietary JobStack App

TrueBlue Adopts Limited Duration Shareholder Rights Agreement

TrueBlue upgraded by BMO Capital Markets with a new price target

TrueBlue downgraded by BMO Capital Markets with a new price target

Sidoti resumed coverage on TrueBlue with a new price target

SEC Form CERT filed by TrueBlue Inc.

TrueBlue Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits

TrueBlue Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Material Modification to Rights of Security Holders, Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Other Events, Financial Statements and Exhibits

$TBI Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

EVP; President - PeopleReady Fitzsimmons-Willis Kristy A. covered exercise/tax liability with 1,404 shares, decreasing direct ownership by 2% to 92,129 units (SEC Form 4)

EVP; President - PeopleScout Betori Richard P. covered exercise/tax liability with 1,198 shares, decreasing direct ownership by 1% to 102,655 units (SEC Form 4)

EVP and CFO Schweihs Carl bought $13,125 worth of shares (2,500 units at $5.25), increasing direct ownership by 2% to 169,051 units (SEC Form 4)

Recent Analyst Ratings for
$TBI

$TBI
Financials

$TBI
Leadership Updates

$TBI
Large Ownership Changes

$TBI
Insider Purchases

$TBI
Press Releases

$TBI
Analyst Ratings

$TBI
SEC Filings

$TBI
Insider Trading