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<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 0pt 0.25in; text-align: center">SECURITIES AND EXCHANGE COMMISSION&nbsp;</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">July 2, 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="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 46%">
        <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: 3%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 23%; text-align: center"><BR>98662</TD>
    <TD STYLE="width: 16%; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>(Address of principal executive offices)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">(Zip Code)</TD>
    <TD STYLE="text-align: center">&nbsp;</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">&nbsp;</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 Wingdings; margin: 0pt 0">&nbsp;</P>

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

<P STYLE="font: 10pt Wingdings; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt 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 Wingdings; 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: 10pt 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 Wingdings; 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: 10pt 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 0pt 0.25in; text-indent: -0.25in">&nbsp;</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">Item 5.02 (e)&#9;Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</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"><U>Awards of Restricted Stock Units</U></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">Effective July 2, 2012, Barrett Business
Services, Inc. (the &quot;Company&quot;), entered into Award Agreements under the Company's 2009 Stock Incentive Plan with Michael
L. Elich, President and Chief Executive Officer, James D. Miller, Vice President-Finance, Treasurer and Secretary, and Gregory
R. Vaughn, Vice President. Under the Award Agreements, Mr. Elich was granted 15,000 restricted stock units (&quot;RSUs&quot;) and
Messrs. Miller and Vaughn were each granted 10,000 RSUs. The grants were approved by the Compensation Committee (the &quot;Committee&quot;)
of the Company's Board of Directors.</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">Each RSU represents a contingent right to
receive one share of the Company's common stock. The RSUs will vest in four equal annual installments and will be settled by delivery
of unrestricted shares of common stock beginning in July 2013 on the regular payroll date next following July 2. Vesting of the
RSUs would accelerate upon a change in control or a participant's death or termination of employment by reason of disability. Participants
may satisfy tax withholding obligations by paying the required amount by check, payroll deduction, or withholding shares with a
fair market value equal to the tax withholding obligation in connection with settlement of vested RSUs.</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"><U>Adoption of Annual Cash Incentive Program</U></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">As of July 2, 2012, the Committee adopted
a new annual cash incentive program under which the Company's executive officers are eligible for annual cash incentive bonus opportunities
subject to attainment of corporate goals and individual performance objectives approved by the Committee. The target bonus amounts
are set by the Committee each year and are expressed as a percentage of the executive&rsquo;s annual base salary. For 2012, the
percentages and dollar amounts of the bonus target opportunities are as follows: Mr. Elich, 50%, $200,000; Mr. Miller, 40%, $100,000;
and Mr. Vaughn, 40%, $120,000.</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">For 2012, the annual incentive performance
goals are tied 50% to corporate performance and 50% to individual performance. The goals related to corporate performance are defined
by objectively measureable financial metrics, such as target levels of earnings before interest, taxes, depreciation and amortization
(&ldquo;EBITDA&rdquo;), net earnings, gross revenues and similar measures. For 2012, the corporate portion of the bonus target
amounts is based 50% on achievement of a specified EBITDA target level and 50% on achievement of a gross revenue target level.
Achievement above or below the specified target level for a corporate financial metric will result in adjustment upward or downward
in the bonus amount payable. For each 1% above or below the target level, the bonus amount will be increased or reduced by 2.5%.
If achievement of a financial metric is below 80% of the target level, no amount will be payable with respect to the portion of
the bonus target amount tied to that metric. The individual performance objectives are based on achieving strategic and operational
goals in functional areas for which the executive has responsibility. The bonus amounts payable for achievement of corporate performance
goals and individual performance goals may not exceed 150% of the respective bonus target amounts tied to those components.</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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Committee will determine the extent
to which corporate and individual performance goals have been satisfied no later than the March 15 following the end of the fiscal
year. Bonus amounts, if any, will be paid promptly following the Committee's determination. An executive must remain employed by
the Company through the date of the Committee's determination to be eligible to receive a bonus.</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-align: center">SIGNATURES</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">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">&nbsp;</P>

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<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">BARRETT BUSINESS SERVICES, INC.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 35%">Dated:&nbsp; July 9, 2012</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 5%">By:&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>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">James D. Miller</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Vice President-Finance, Treasurer and Secretary</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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{"company-data": {"conformed-name": "BARRETT BUSINESS SERVICES INC", "cik": "0000902791", "assigned-sic": "7363", "irs-number": "520812977", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-21886", "film-number": "12953118"}, "business-address": {"street1": "8100 NE PARKWAY DRIVE", "street2": "SUITE 200", "city": "VANCOUVER", "state": "WA", "zip": "98662", "phone": "(800) 494-5669"}, "mail-address": {"street1": "8100 NE PARKWAY DRIVE", "street2": "SUITE 200", "city": "VANCOUVER", "state": "WA", "zip": "98662"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
July 2, 2012
BARRETT BUSINESS SERVICES, INC.
(Exact name of registrant as specified in
charter)
Maryland
(State or other jurisdiction of incorporation)
0-21886
(SEC File Number)
52-0812977
(IRS Employer Identification No.)
8100 N.E. Parkway Drive, Suite 200
Vancouver, Washington
98662
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including
area code:
(360) 828-0700
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 (e)	Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Awards of Restricted Stock Units
Effective July 2, 2012, Barrett Business
Services, Inc. (the "Company"), entered into Award Agreements under the Company's 2009 Stock Incentive Plan with Michael
L. Elich, President and Chief Executive Officer, James D. Miller, Vice President-Finance, Treasurer and Secretary, and Gregory
R. Vaughn, Vice President. Under the Award Agreements, Mr. Elich was granted 15,000 restricted stock units ("RSUs") and
Messrs. Miller and Vaughn were each granted 10,000 RSUs. The grants were approved by the Compensation Committee (the "Committee")
of the Company's Board of Directors.
Each RSU represents a contingent right to
receive one share of the Company's common stock. The RSUs will vest in four equal annual installments and will be settled by delivery
of unrestricted shares of common stock beginning in July 2013 on the regular payroll date next following July 2. Vesting of the
RSUs would accelerate upon a change in control or a participant's death or termination of employment by reason of disability. Participants
may satisfy tax withholding obligations by paying the required amount by check, payroll deduction, or withholding shares with a
fair market value equal to the tax withholding obligation in connection with settlement of vested RSUs.
Adoption of Annual Cash Incentive Program
As of July 2, 2012, the Committee adopted
a new annual cash incentive program under which the Company's executive officers are eligible for annual cash incentive bonus opportunities
subject to attainment of corporate goals and individual performance objectives approved by the Committee. The target bonus amounts
are set by the Committee each year and are expressed as a percentage of the executive's annual base salary. For 2012, the
percentages and dollar amounts of the bonus target opportunities are as follows: Mr. Elich, 50%, $200,000; Mr. Miller, 40%, $100,000;
and Mr. Vaughn, 40%, $120,000.
For 2012, the annual incentive performance
goals are tied 50% to corporate performance and 50% to individual performance. The goals related to corporate performance are defined
by objectively measureable financial metrics, such as target levels of earnings before interest, taxes, depreciation and amortization
("EBITDA"), net earnings, gross revenues and similar measures. For 2012, the corporate portion of the bonus target
amounts is based 50% on achievement of a specified EBITDA target level and 50% on achievement of a gross revenue target level.
Achievement above or below the specified target level for a corporate financial metric will result in adjustment upward or downward
in the bonus amount payable. For each 1% above or below the target level, the bonus amount will be increased or reduced by 2.5%.
If achievement of a financial metric is below 80% of the target level, no amount will be payable with respect to the portion of
the bonus target amount tied to that metric. The individual performance objectives are based on achieving strategic and operational
goals in functional areas for which the executive has responsibility. The bonus amounts payable for achievement of corporate performance
goals and individual performance goals may not exceed 150% of the respective bonus target amounts tied to those components.
The Committee will determine the extent
to which corporate and individual performance goals have been satisfied no later than the March 15 following the end of the fiscal
year. Bonus amounts, if any, will be paid promptly following the Committee's determination. An executive must remain employed by
the Company through the date of the Committee's determination to be eligible to receive a bonus.
SIGNATURES
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.
BARRETT BUSINESS SERVICES, INC.
Dated:  July 9, 2012
By:
/s/ James D. Miller
James D. Miller
Vice President-Finance, Treasurer and Secretary