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Risks

• The COVID-19 economic and health crisis may have a material adverse effect on our business and financial results.
• Kforce may not be able to recruit and retain qualified consultants and candidates.
• Kforce faces significant employment-related legal risk.
• Our failure to keep pace with technological change in our industry could potentially place us at a competitive disadvantage.
• Declines in business or a loss of our major client accounts could have a material adverse effect on our revenues and financial results.
• Kforce may be exposed to unforeseeable negative acts by our personnel that could have a material adverse effect on our business.
• Kforce’s success depends upon retaining the services of its management team and key operating employees.
• Kforce depends on the proper functioning of its information systems.
• Kforce’s current market share may decrease as a result of limited barriers to entry for new competitors and discontinuation of clients outsourcing their staffing needs.
• Kforce may be adversely affected by immigration restrictions and reform.
• Reclassification of our independent contractors by tax or regulatory authorities could have a material adverse effect on our business model and/or could require us to pay significant retroactive wages, taxes and penalties.
• Significant increases in wages or payroll-related costs could have a material adverse effect on our financial results.
• Adverse results in tax audits or interpretations of tax laws could have an adverse impact on our business.
• Kforce maintains debt that exposes us to interest rate risk and contains restrictive covenants that could trigger prepayment of obligations or additional costs.
• The U.S. professional staffing industry in which we operate is significantly affected by fluctuations in general economic and employment conditions.
• Kforce may be adversely affected by government regulation of the staffing business and of the workplace.
• Provisions in Kforce’s articles and bylaws and Florida law may have certain anti-takeover effects.
• New business initiatives and strategic changes may divert management’s attention from normal business operations, which could have an adverse effect on our performance.
• Kforce’s stock price may be volatile.