<SEC-DOCUMENT>0001144204-12-018073.txt : 20120329
<SEC-HEADER>0001144204-12-018073.hdr.sgml : 20120329
<ACCEPTANCE-DATETIME>20120329162139
ACCESSION NUMBER:		0001144204-12-018073
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20120327
ITEM INFORMATION:		Material Modifications to Rights of Security Holders
ITEM INFORMATION:		Changes in Control of Registrant
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20120329
DATE AS OF CHANGE:		20120329

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARRETT BUSINESS SERVICES INC
		CENTRAL INDEX KEY:			0000902791
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-HELP SUPPLY SERVICES [7363]
		IRS NUMBER:				520812977
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21886
		FILM NUMBER:		12724247

	BUSINESS ADDRESS:	
		STREET 1:		8100 NE PARKWAY DRIVE
		STREET 2:		SUITE 200
		CITY:			VANCOUVER
		STATE:			WA
		ZIP:			98662
		BUSINESS PHONE:		(800) 494-5669

	MAIL ADDRESS:	
		STREET 1:		8100 NE PARKWAY DRIVE
		STREET 2:		SUITE 200
		CITY:			VANCOUVER
		STATE:			WA
		ZIP:			98662
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v307806_8-k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">UNITED STATES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Washington, D.C. 20549<BR>
___________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FORM 8-K</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CURRENT REPORT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Pursuant to Section 13 or 15(d) of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">the Securities Exchange Act of 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">March 27, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">BARRETT BUSINESS SERVICES, INC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Maryland</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State or other jurisdiction of incorporation)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">0-21886</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(SEC File Number)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">52-0812977</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(IRS Employer Identification No.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
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    <TD STYLE="width: 15%; padding-right: 0; padding-left: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="width: 40%; padding-right: 0; padding-left: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">8100 N.E. Parkway Drive, Suite 200</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Vancouver, Washington</P></TD>
    <TD STYLE="width: 5%; padding-right: 0; padding-left: 0; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 25%; padding-right: 0; padding-left: 0; text-align: center; vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">98662</P></TD>
    <TD STYLE="width: 15%; padding-right: 0; padding-left: 0; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(Address of principal executive offices)</P></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Zip Code)</P></TD>
    <TD STYLE="padding-right: 0; padding-left: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant&rsquo;s telephone number, including
area code:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(360) 828-0700</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Check the appropriate box below if the Form&nbsp;8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT> Written communications
pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT> Soliciting
material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><FONT STYLE="font-family: Wingdings">&uml;</FONT>
Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17&nbsp;CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><FONT STYLE="font-family: Wingdings">&uml;</FONT>
Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17&nbsp;CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><B>Item 3.03 Material Modification to Rights
of Security Holders.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">On March 28, 2012, Barrett Business Services,
Inc. (the &quot;Company&quot;) issued 34,800 shares of Series A Nonconvertible, Non-voting Redeemable Preferred Stock (&quot;Series
A Preferred Stock&quot;). The initial dividend rate on the Series A Preferred Stock is 5% per annum, payable semi-annually at the
Company's option in cash or additional shares of Series A Preferred Stock. The dividend rate will increase by 2% annually beginning
April 1, 2013 until all the Series A Preferred Stock has been redeemed. No dividends will be payable on shares of Series A Preferred
Stock, if any, that are redeemed prior to September 28, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">As a result of the issuance of the Series
A Preferred Stock, the ability of the Company to declare or pay dividends or distributions on, or purchase, redeem or retire, shares
of its Common Stock, par value $0.01 per share (the &quot;Common Stock&quot;), is subject to restrictions, including a restriction
against declaring, paying or setting apart funds for the payment of dividends on the Common Stock, or repurchasing, redeeming,
or otherwise retiring, or setting aside funds for such repurchase, redemption or retirement, of Common Stock, unless all accrued
and unpaid dividends in respect of the Series A Preferred Stock have been paid or set apart for such payment on the Series A Preferred
Stock for all prior dividend periods.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">In addition, upon the voluntary or involuntary
liquidation, dissolution, or winding up of the Company, the holders of the Series A Preferred Stock then outstanding are entitled
to be paid, or have the Company declare and set apart for payment, out of the assets of the Company legally available for distribution
to its stockholders, before any distribution of assets is made to holders of Common Stock, a liquidation preference per share of
Series A Preferred Stock equal to the sum of (i) $1,000.00 (as may be adjusted in accordance with the Series A Preferred Stock
terms) and (ii) all accrued and unpaid dividends.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">Although holders of the Series A Preferred
Stock generally have no voting rights, the Company is not permitted to (A) amend its Charter so as to materially and adversely
affect the rights of the Series A Preferred Stock or (B) create or issue any additional shares of Series A Preferred Stock (other
than in satisfaction of dividends payable on the shares of Series A Preferred Stock issued on March 28, 2012 or thereafter as dividends
on such shares) or any preferred stock that is senior to or on a parity with the Series A Preferred Stock with respect to dividends
and liquidation preference, unless such action is approved by the affirmative vote of the holders of at least 85% of the Series
A Preferred Stock outstanding at the time voting as a separate class.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><B>Item 5.01 Change in Control of Registrant.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">On March 9, 2012, the Company entered into
a stock repurchase agreement with Kimberly J. Jacobsen Sherertz in her capacities as Personal Representative of the Estate of William
W. Sherertz and Trustee of the Barrett Share Trust under the Estate, and Kimberly J. Jacobsen Sherertz individually. Pursuant to
the agreement, the Company agreed to acquire 2,485,929 shares of the Common Stock held by the Estate at a price of $20.00 per share,
for aggregate consideration of $49,718,580 consisting of $20,745,580 in cash at closing and 28,973 shares of Series A Preferred
Stock. A copy of the agreement was attached as Exhibit 10.1 to the Company's Form 8-K filed on March 13, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="color: black">On March 9, 2012,
the Company also entered into a stock repurchase agreement with Nancy Sherertz to acquire 500,000 shares of the Common Stock at
a price of $20.00 per share for aggregate consideration of $10,000,000 consisting of $4,173,000 in cash at closing and 5,827 shares
of Series A Preferred Stock. </FONT>A copy of the agreement was attached as Exhibit 10.2 to the Company's Form 8-K filed on March
13, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="color: black">The stock repurchases
were completed on March 28, 2012. </FONT>The repurchased shares constituted approximately 30% (25% held by the Estate and 5% held
by Nancy Sherertz) of the issued and outstanding Common Stock immediately before completion of the repurchases. Except in the limited
circumstances described in Item 3.03 above, the holders of the Series A Preferred Stock have no voting rights. The Estate now holds
no capital stock of the Company with voting rights in the election of directors. Kimberly J. Jacobsen Sherertz individually holds
voting rights equivalent to approximately 0.8% of the outstanding shares of Common Stock. Nancy Sherertz holds voting rights equivalent
to approximately 4.3% of the outstanding shares of Common Stock. To the knowledge of the Company, no person or control group has
sufficient voting power to exercise control over the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><B>Item 5.03 Amendments to Articles of Incorporation
or Bylaws; Change in Fiscal Year.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">Effective March 27, 2012, Article III of the
Charter of the Company was amended to classify and designate 50,000 shares of authorized but unissued Series A Preferred Stock.
The classification and designation of the Series A Preferred Stock was approved by the Board of Directors of the Company and was
not subject to stockholder approval under the Maryland General Corporation Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">A copy of the Articles Supplementary effecting the Charter amendment
is attached hereto as Exhibit 3.1 and is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 8.01 Other Events.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On March 29, 2012, the Company issued a news release reporting
the completion of the repurchase of approximately 30% of the outstanding shares of Common Stock, which included 2,485,929 shares
of Common Stock repurchased from the Estate and 500,000 shares of Common Stock repurchased from Nancy Sherertz.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">A copy of the news release is attached as Exhibit 99.1 to this
report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01 Financial Statements and Exhibits. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(d) Exhibits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 19%; padding-right: 0; padding-left: 0; font-size: 10pt">Exhibit 3.1</TD>
    <TD STYLE="width: 81%; padding-right: 0; padding-left: 0; font-size: 10pt">Articles Supplementary relating to Series A Nonconvertible, Non-voting Redeemable Preferred Stock filed March 27, 2012.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; font-size: 10pt">Exhibit 99.1</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font-size: 10pt">News Release dated March 29, 2012.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">BARRETT BUSINESS SERVICES, INC.<BR STYLE="mso-special-character: line-break"> <BR STYLE="mso-special-character: line-break"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 35%"><BR>Dated:&nbsp; March 29, 2012</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 5%">By:&nbsp;&nbsp;</TD>
    <TD STYLE="width: 50%; border-bottom: windowtext 1pt solid">/s/ James D. Miller</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>James D. Miller<BR> Vice President-Finance, Treasurer and Secretary</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<DOCUMENT>
<TYPE>EX-3.1
<SEQUENCE>2
<FILENAME>v307806_ex3-1.htm
<DESCRIPTION>EXHIBIT 3.1
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>BARRETT BUSINESS SERVICES, INC.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLES SUPPLEMENTARY </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SERIES A NONCONVERTIBLE, NON-VOTING REDEEMABLE
PREFERRED STOCK</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Barrett Business Services, Inc., a Maryland
corporation (the &ldquo;Corporation&rdquo;), hereby certifies to the State Department of Assessments and Taxation of Maryland that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><U>FIRST</U>: Under the authority contained
in Article III of the Charter of the Corporation (the &ldquo;Charter&rdquo;), the Board of Directors (the &ldquo;Board&rdquo;),
by duly adopted resolutions, classified and designated 50,000 shares of authorized but unissued Preferred Stock (as defined in
the Charter), $0.01 par value per share, of the Corporation as shares of Series A Nonconvertible, Non-Voting Redeemable Preferred
Stock (the &ldquo;Series A Preferred Stock&rdquo;), with the following preferences or other rights, voting powers, restrictions,
limitations as to dividends and other distributions, qualifications, and terms and conditions of redemption, which, upon any restatement
of the Charter, shall become part of Article III of the Charter, with any necessary and appropriate renumbering or relettering
of the sections or subsections hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&ldquo;Series A Nonconvertible, Non-Voting
Redeemable Preferred Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(1) Designation and Number. A series of Preferred
Stock, designated the &ldquo;Series A Nonconvertible, Non-Voting Redeemable Preferred Stock&rdquo; (the &ldquo;Series A Preferred
Stock&rdquo;), is hereby established. The number of shares of the Series A Preferred Stock shall be 50,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(2) Rank. The Series A Preferred Stock shall,
with respect to rights to the payment of dividends and the distributions of assets upon the liquidation, dissolution, or winding
up of the Corporation, rank (a) senior to all classes or series of Common Stock (as defined in the Charter) and any other class
or series of stock of the Corporation if the holders of the Series A Preferred Stock are entitled to receive dividends or amounts
distributable upon the liquidation, dissolution, or winding up of the Corporation or redemption in preference or priority to the
holders of shares of such class or series (the &ldquo;Junior Stock&rdquo;); (b) on a parity with any class or series of stock of
the Corporation if the holders of such class or series of stock and the Series A Preferred Stock are entitled to receive dividends
and amounts distributable upon the liquidation, dissolution, or winding up of the Corporation or redemption in proportion to their
respective amounts of accumulated, accrued, and unpaid dividends per share or liquidation preferences, without preference or priority
of one over the other (the &ldquo;Parity Stock&rdquo;); and (c) junior to any class or series of stock of the Corporation if holders
of such class or series are entitled to receive dividends and amounts distributable upon the liquidation, dissolution, or winding
up of the Corporation or redemption in preference or priority to the holders of the Series A Preferred Stock (the &ldquo;Senior
Stock&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(3) Dividends.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(a) Subject to the preferential rights
of holders of any class or series of Senior Stock, holders of the outstanding shares of Series A Preferred Stock shall be entitled
to receive, when and as authorized by the Board of Directors and declared by the Corporation, out of funds legally available for
the payment of dividends, if applicable, cumulative preferential dividends at the rate of 5% per annum based on the $1,000 liquidation
preference (as may be adjusted in accordance with Section 7) with such rate increasing by 2% on each April 1 beginning April 1,
2013, until all of the outstanding shares of Series A Preferred Stock are redeemed as provided in Section 5. Such dividends shall
accrue from the first date on which any Series A Preferred Stock is issued (the &ldquo;Original Issue Date&rdquo;) and shall be
payable semi-annually in arrears on or before March 31 and September 30 of each year (each a &ldquo;Dividend Payment Date&rdquo;);
<U>provided, however</U>, that if any Dividend Payment Date is not a Business Day (as defined below), then the dividend which would
otherwise have been payable on such Dividend Payment Date may be paid on the following Business Day with the same force and effect
as if paid on such Dividend Payment Date. Any dividend payable on the Series A Preferred Stock for any partial dividend period
will be computed on the basis of a 360-day year consisting of twelve 30-day months. A &ldquo;dividend period&rdquo; shall mean,
with respect to the first &ldquo;dividend period,&rdquo; the period from and including the Original Issue Date to and including
the first Dividend Payment Date, and with respect to each subsequent &ldquo;dividend period,&rdquo; the period from, but excluding,
a Dividend Payment Date to and including the next succeeding Dividend Payment Date or other date as of which accrued dividends
are to be calculated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(b) No dividends shall be declared or
paid or funds set apart for the payment of dividends by the Corporation or other distributions on any Common Stock or other Junior
Stock for any period (other than dividends or other distributions payable in shares of Common Stock or other Junior Stock or in
options, warrants or rights to subscribe for or purchase any shares of Common Stock or other Junior Stock and which options, warrants
or rights do not entitle the holder thereof to rights to dividends, amounts distributable upon the liquidation, dissolution, or
winding up of the Corporation or redemption on parity with or senior to the Series A Preferred Stock), and no shares of Common
Stock or other Junior Stock may be repurchased, redeemed or otherwise retired, nor may funds be set apart for such payment, repurchase,
redemption or retirement, unless all accrued and unpaid dividends in respect of the Series A Preferred Stock have been paid or
set apart for such payment on the Series A Preferred Stock for all prior dividend periods.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(c) Dividends shall be payable, at the
sole option of the Corporation, either (i) in cash, (ii) by issuance of additional shares of Series A Preferred Stock (including
fractional shares) having an aggregate Liquidation Preference equal to the amount of the dividend to be paid, or (iii) in any combination
thereof. All dividends paid with respect to shares of Series A Preferred Stock, whether in cash or shares of Series A Preferred
Stock, shall be made pro rata among the holders of Series A Preferred Stock based on the aggregate accrued but unpaid dividends
on the shares held by each such holder. If and when any shares are issued under this Section 3(c) for the payment of accrued dividends,
such shares shall be validly issued and outstanding and fully paid and nonassessable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(d) No dividends on shares of Series A
Preferred Stock shall be declared by the Corporation or paid or set apart for payment by the Corporation at such time as the terms
and provisions of any existing written agreement between the Corporation and any other party, including any existing agreement
relating to its indebtedness, (i) prohibit or impose any penalty on such declaration, payment or setting apart for payment or (ii)
provide that such declaration, payment or setting apart for payment would constitute a breach thereof or a default thereunder,
or if such declaration or payment shall be restricted or prohibited by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(e) Notwithstanding the foregoing, dividends
on the Series A Preferred Stock shall accumulate, whether or not the terms and provisions set forth in Section 3(d) hereof at any
time prohibit the current payment of dividends, whether or not there are funds legally available for the payment of such dividends
and whether or not dividends are declared.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(f) Notwithstanding the foregoing, no
dividend will be declared or paid with respect to shares of the Series A Preferred Stock that are redeemed prior to the elapse
of six months from the Original Issue Date (for avoidance of doubt, such date being September 28, 2012).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(g) For purposes of these Articles Supplementary,
&ldquo;Business Day&rdquo; shall mean any day on which a bank doing business in the State of Washington is not permitted to be
closed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(4) Liquidation Preference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(a) Upon any voluntary or involuntary
liquidation, dissolution, or winding up of the Corporation, the holders of the Series A Preferred Stock then outstanding are entitled
to be paid, or have the Corporation declare and set apart for payment, out of the assets of the Corporation legally available for
distribution to its stockholders, before any distribution of assets is made to holders of any Junior Stock, a liquidation preference
per share of Series A Preferred Stock equal to the sum of (i) $1,000.00 (as may be adjusted in accordance with Section 7) and (ii)
all accrued and unpaid dividends (the &ldquo;Liquidation Preference&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(b) In the event that, upon any such voluntary
or involuntary liquidation, dissolution or winding up, the available assets of the Corporation are insufficient to pay the full
amount of the Liquidation Preference on all outstanding shares of Series A Preferred Stock and all shares of Parity Stock, then
the holders of the Series A Preferred Stock and all holders of such Parity Stock shall share ratably in any such distribution of
assets in proportion to the full liquidation preference to which they would otherwise be respectively entitled.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(c) After payment of the full amount of
the Liquidation Preference to which they are entitled, the holders of Series A Preferred Stock will have no right or claim to any
of the remaining assets of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(d) Upon the Corporation&rsquo;s provision
of written notice as to the effective date of any such liquidation, dissolution or winding up of the Corporation, accompanied by
a check in the amount of the full Liquidation Preference to which each record holder of the Series A Preferred Stock is entitled,
the Series A Preferred Stock shall no longer be deemed outstanding shares of stock of the Corporation and all rights of the holders
of such shares will terminate. Such notice shall be given by first class mail, postage pre-paid, to each record holder of the Series
A Preferred Stock at the respective mailing addresses of such holders as the same shall appear on the stock transfer records of
the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(e) In determining whether a distribution
(other than upon voluntary or involuntary liquidation), by distribution, redemption or other acquisition of the Corporation&rsquo;s
equity securities is permitted under Maryland law, no effect shall be given to amounts that would be needed, if the Corporation
were to be dissolved at the time of the distribution, to satisfy the preferential rights upon dissolution of stockholders whose
preferential rights on dissolution are superior to those receiving the distribution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(f) The consolidation or merger of the
Corporation with or into any other business enterprise or of any other business enterprise with or into the Corporation, or the
sale, lease or conveyance of all or substantially all of the assets or business of the Corporation, shall not constitute a liquidation,
dissolution or winding up of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(5) Redemption.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(a) Mandatory Redemption. At the earlier
of (such earlier date, the &ldquo;Mandatory Redemption Date&rdquo;) (i) the fifth anniversary of the Original Issue Date, or (ii)
a Change of Control (as defined below), the Corporation, to the extent that it has funds legally available therefor shall redeem
all of the outstanding shares of the Series A Preferred Stock for cash at a redemption price per share of Series A Preferred Stock
(the &ldquo;Redemption Price&rdquo;) equal to $1,000.00 (as may be adjusted in accordance with Section 7) plus all accrued and
unpaid dividends thereon up to and including the Mandatory Redemption Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">A &ldquo;Change of Control&rdquo; means, after the Original
Issue Date, in one or a series of related transactions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in">(i) (A) the acquisition by any person, including
any syndicate or group deemed to be a &ldquo;person&rdquo; under Section 13(d)(3) of the Securities Exchange Act of 1934, as amended
(the &ldquo;Exchange Act&rdquo;), of &ldquo;beneficial ownership&rdquo; (as defined in Rules 13d-3 and 13d-5 under the Exchange
Act, except that a person or group shall be deemed to have beneficial ownership of all shares of voting stock that such person
or group has the right to acquire regardless of when such right is first exercisable), directly or indirectly, of stock of the
Corporation entitling that person to exercise more than 50% of the total voting power of all stock of the Corporation entitled
to vote generally in the election of the Corporation&rsquo;s directors; and (B) following the closing of any transaction referred
to in (A), neither the Corporation nor the acquiring or surviving entity has a class of common securities (or American Depositary
Receipts representing such securities) listed on the New York Stock Exchange (the &ldquo;NYSE&rdquo;), the NYSE Amex Equities (the
&ldquo;NYSE Amex&rdquo;), or the NASDAQ Stock Market (&ldquo;NASDAQ&rdquo;), or listed or quoted on an exchange or quotation system
that is a successor to the NYSE, the NYSE Amex or NASDAQ; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in">(ii) the sale, lease or conveyance of all
or substantially all of the assets or business of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(b) Optional Redemption. At any time before
the Mandatory Redemption Date, the Corporation, at its option, may redeem shares of the Series A Preferred Stock, in whole or in
part, for the Redemption Price. If less than all of the outstanding shares of Series A Preferred Stock are to be redeemed, the
shares of Series A Preferred Stock to be redeemed may be selected by any equitable method determined by the Board provided that
such method does not result in the creation of fractional shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(c) Procedure for Redemption.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in">(i) Upon the Corporation&rsquo;s written
notice as to the effective date of the redemption, accompanied by payment in immediately available U.S. funds of the amount of
the full Redemption Price through such effective date to which each record holder of shares of Series A Preferred Stock to be redeemed
is entitled, shares of the Series A Preferred Stock shall be redeemed and shall no longer be outstanding shares of stock of the
Corporation and all rights of the holders of such shares will terminate. Such notice shall be given by first class mail, postage
pre-paid, to each record holder of the shares of Series A Preferred Stock to be redeemed at the respective mailing address of such
holder as the same shall appear on the stock transfer records of the Corporation. No failure to give such notice or any defect
therein or in the mailing thereof shall affect the validity of the proceedings for the redemption of any shares of Series A Preferred
Stock except as to the holder to whom notice was defective or not given.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in">(ii) In addition to any information required
by law or by the applicable rules of any exchange upon which Series A Preferred Stock may be listed or admitted to trading, such
notice shall state: (A) the redemption date; (B) the Redemption Price; (C) the place or places where the shares of Series A Preferred
Stock are to be surrendered (if so required in the notice) for payment of the Redemption Price in immediately available U.S. funds
(if not otherwise included with the notice); and (D) that dividends on the shares to be redeemed will cease to accrue on the redemption
date if payment accompanies the notice or, if not, on the date funds are set aside for payment. If less than all of the shares
of Series A Preferred Stock held by any holder are to be redeemed, the notice mailed to such holder shall also specify the number
of shares of Series A Preferred Stock held by such holder to be redeemed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in">(iii) If notice of redemption of any shares
of Series A Preferred Stock has been given and if the funds necessary for such redemption have been set apart by the Corporation
for the benefit of the holders of any shares of Series A Preferred Stock so called for redemption, then, from and after the date
funds have been set apart for payment of the Redemption Price, dividends will cease to accrue on such shares of Series A Preferred
Stock, such shares of Series A Preferred Stock shall no longer be outstanding and all rights of the holders of such shares will
terminate, except the right to receive the Redemption Price therefor. If the Corporation shall so require and the notice of redemption
shall so state, holders of Series A Preferred Stock to be redeemed shall surrender the certificates representing such Series A
Preferred Stock, to the extent that such shares are certificated, at the place designated in such notice and, upon surrender in
accordance with said notice of the certificates representing shares of Series A Preferred Stock so redeemed (properly endorsed
or assigned for transfer, if the Corporation shall so require and the notice shall so state), such shares of Series A Preferred
Stock shall be redeemed by the Corporation at the Redemption Price. In case less than all of the shares of Series A Preferred Stock
represented by any such certificate are redeemed, a new certificate or certificates shall be issued representing the unredeemed
shares of Series A Preferred Stock without cost to the holder thereof. In the event that the shares of Series A Preferred Stock
to be redeemed are uncertificated, such shares shall be redeemed in accordance with the notice and no further action on the part
of the holders of such shares shall be required.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in">(iv) The deposit of funds with a bank
or trust company for the purpose of redeeming Series A Preferred Stock shall be irrevocable except that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2.5in">(A) the Corporation shall be entitled
to receive from such bank or trust company the interest or other earnings, if any, earned on any money so deposited in trust, and
the holders of any shares redeemed shall have no claim to such interest or other earnings; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2.5in">(B) any balance of monies so deposited
by the Corporation and unclaimed by the holders of the Series A Preferred Stock entitled thereto at the expiration of two years
from the applicable redemption date shall be repaid, together with any interest or other earnings thereon, to the Corporation,
and after any such repayment, the holders of the shares entitled to the funds so repaid to the Corporation shall look only to the
Corporation for payment of the Redemption Price without interest or other earnings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(6) Voting Rights. Holders of the Series A
Preferred Stock will not have any voting rights, except that, so long as any shares of Series A Preferred Stock remain outstanding,
the Corporation shall not, without the affirmative vote of the holders of at least 85% of the Series A Preferred Stock outstanding
at the time voting as a separate class, (A) amend, alter or repeal the provisions of the Charter (by amendment, merger or otherwise)
in such a way that would materially and adversely affect the powers, special rights, preferences, or privileges of the Series A
Preferred Stock or the holders thereof, or (B) create or authorize the creation of (by amendment, merger, or otherwise) or issue
or incur any obligation to issue any Series A Preferred Stock (other than as provided in Section 3(c)) or any Senior Stock or Parity
Stock (or other securities, including notes, debentures or bonds, convertible into or exchangeable for Senior Stock or Parity Stock),
which by their terms shall be redeemable at any time when any shares of Series A Preferred Stock are issued and outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(7) Adjustment for Stock Splits and Reverse
Stock Splits. If outstanding shares of the Series A Preferred Stock shall be divided into a greater number of shares of Series
A Preferred Stock or into other securities of the Corporation convertible into or exchangeable for shares of Series A Preferred
Stock, then the Liquidation Price and Redemption Price, each as in effect immediately prior to such division, shall, simultaneously
with the effectiveness of such division, be proportionately reduced. Conversely, if outstanding shares of the Series A Preferred
Stock shall be combined into a smaller number of shares of Series A Preferred Stock or into other securities of the Corporation
convertible into or exchangeable for shares of Series A Preferred Stock, then the Liquidation Preference and Redemption Price,
each as in effect immediately prior to such combination, shall, simultaneously with the effectiveness of such combination be proportionately
increased. Any<I> </I>adjustment to the Liquidation Preference or Redemption Price under this Section 7 shall become effective
at the close of business on the date the subdivision or combination referred to herein becomes effective.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(8) Exclusion of Other Rights. The shares
of Series A Preferred Stock are not convertible into or exchangeable for any other property or securities of the Corporation. The
Series A Preferred Stock shall have no preemptive or subscription rights. The Series A Preferred Stock shall not have any preferences
or other rights other than those specifically set forth herein.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><U>SECOND</U>: The Series A Preferred Stock
has been classified and designated by the Board under the authority contained in the Charter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><U>THIRD</U>: These Articles Supplementary
have been approved by the Board in the manner and by the vote required by law. No stockholder of the Corporation has any voting
rights with respect to these Articles Supplementary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><U>FOURTH</U>: The undersigned acknowledges
these Articles Supplementary to be the corporate act of the Corporation and, as to all matters or facts required to be verified
under oath, the undersigned acknowledges that, to the best of his knowledge, information and belief, these matters and facts are
true in all material respects and that this statement is made under the penalties of perjury.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">IN WITNESS WHEREOF, the Corporation has caused
these Articles Supplementary to be signed in its name and on its behalf by its Chairman of the Board and attested to by its Secretary
on this 27th day of March, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD COLSPAN="2" STYLE="padding-right: 0; padding-left: 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">ATTEST:</P>

</TD>
    <TD STYLE="vertical-align: top; padding-right: 0; padding-left: 0; text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 0; padding-left: 0; text-autospace: none">BARRETT BUSINESS SERVICES, INC.</TD></TR>
<TR>
    <TD STYLE="padding-right: 0; padding-left: 0; width: 3%">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-autospace: none; width: 40%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 0; padding-left: 0; text-autospace: none; width: 14%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 0; padding-left: 0; text-autospace: none; width: 3%">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-autospace: none; width: 40%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 0; padding-left: 0; text-autospace: none">By:&nbsp;&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0.24in; text-autospace: none; border-bottom: Black 1pt solid">/s/ James D. Miller</TD>
    <TD STYLE="vertical-align: top; padding-right: 0; padding-left: 0; text-autospace: none">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 0; padding-left: 0; text-autospace: none">By:&nbsp;&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0.24in; text-autospace: none; border-bottom: Black 1pt solid">/s/ Anthony Meeker</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 0; padding-left: 0; text-autospace: none">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Name: James D. Miller</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Title: Secretary</P></TD>
    <TD STYLE="vertical-align: top; padding-right: 0; padding-left: 0; text-autospace: none">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 0; padding-left: 0; text-autospace: none">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">Name: Anthony Meeker</FONT><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Title: Chairman of the
        Board</FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>v307806_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: Red">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: Red"><IMG SRC="image_001.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0; text-align: center"><FONT STYLE="font-size: 14pt"><B>BBSI
Closes Repurchase of Approximately 30% of Outstanding Common Shares</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><I>Acquired
2.5 Million Shares from the Estate of William W. Sherertz and 500,000 Shares from Nancy Sherertz</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>VANCOUVER, Washington, March 29, 2012 &ndash;</B> Barrett
Business Services, Inc. (BBSI) (NASDAQ: BBSI), a leading provider of business management solutions, has completed the repurchase
of 2,485,929 shares of BBSI common stock from the Estate of William W. Sherertz, which represents all the shares held by the Estate,
as well as 500,000 common shares from Nancy Sherertz.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The company used a combination of $24.9 million in cash and
nonconvertible, non-voting, redeemable preferred stock for an aggregate purchase price of approximately $59.7 million, or $20.00
per share. Following the repurchase, BBSI has approximately 7.0 million common shares outstanding and $34.8 million in nonconvertible,
non-voting, redeemable preferred stock based on liquidation preference, as well as $56.9 million in cash and investments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The initial dividend rate on the preferred shares will be 5%
per annum, payable at the company's option in cash or additional shares of preferred stock. The dividend rate will increase by
2% annually beginning April 1, 2013 until all the preferred shares have been redeemed. The preferred shares may be redeemed at
any time at the company's option and will be subject to mandatory redemption in five years.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Roth Capital Partners acted as financial advisor to BBSI and
Miller Nash LLP acted as its legal counsel.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>About BBSI</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">BBSI (NASDAQ: BBSI) is a leading provider of business management
solutions, combining human resource outsourcing and professional management consulting to create a unique operational platform
that differentiates it from competitors. The company&rsquo;s integrated platform is built upon expertise in payroll processing,
employee benefits, workers&rsquo; compensation coverage, risk management and workplace safety programs, and human resource administration.
BBSI&rsquo;s partnerships help businesses of all sizes improve the efficiency of their operations. BBSI works with more than 3,000
clients across all lines of business in 23 states. For more information, please visit <FONT STYLE="text-underline-style: none; color: windowtext">www.barrettbusiness.com</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.3in 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Forward-Looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Statements in this release about future events or performance
are forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause actual events
or performance to be materially different from any future events or results expressed or implied by such forward-looking statements.
Factors that could affect future events or results include the effects of changes in economic or other market conditions nationally
or in the Company's service areas, the Company's ability to retain current customers and attract new customers, future workers'
compensation claims experience, the effect of changes in the workers&rsquo; compensation regulatory environment in one or more
of the Company&rsquo;s primary markets, and the effect of any changes in conditions in the global capital markets, among others.
Other important factors that may affect events or the Company&rsquo;s future prospects are described in the Company&rsquo;s 2011
Annual Report on Form 10-K. Although forward-looking statements help to provide complete information about the Company, readers
should keep in mind that forward-looking statements are less reliable than historical information. The Company undertakes no obligation
to update or revise forward-looking statements in this release to reflect events or changes in circumstances that occur after the
date of this release.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Company Contact:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Michael L. Elich</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">President and Chief Executive Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Tel 1-360-828-0700</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Investor Relations: </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Liolios Group, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Scott Liolios or Cody Slach</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Tel 1-949-574-3860</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">BBSI@liolios.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
