Resources Connection Files 8-K on Operations and Personnel Changes

TL;DR

RGP filed an 8-K detailing financial results and executive changes.

AI Summary

Resources Connection, Inc. filed an 8-K on April 3, 2024, reporting on results of operations, financial condition, and changes in its board and officer composition. The filing also includes information on compensatory arrangements for certain officers and Regulation FD disclosures, along with financial statements and exhibits.

Why It Matters

This filing provides crucial updates on the company's financial performance and significant changes in its leadership and compensation structures, which can impact investor confidence and future strategic direction.

Risk Assessment

Risk Level: medium — The filing covers financial results and executive changes, which can introduce uncertainty or signal strategic shifts.

Key Players & Entities

• Resources Connection, Inc. (company) — Registrant
• Delaware (jurisdiction) — State of Incorporation
• April 3, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share RGP The Nasdaq Stock Market L
• $550,000 — t provides for an annual base salary of $550,000. The Patel Employment Agreement also pr
• $300,000 — et bonus opportunity for Fiscal 2024 of $300,000 and target bonus opportunity for Fiscal
• $15,000 — ceive an annual automobile allowance of $15,000 to the extent provided to other executi

Filing Documents

• rgp-20240403.htm (8-K) — 44KB
• patel-employmentagreementx.htm (EX-10.1) — 109KB
• rgp-2024drafprxq3v4324_cle.htm (EX-99.1) — 312KB
• prcooappointmentfinalworki.htm (EX-99.2) — 10KB
• 0001084765-24-000046.txt ( ) — 652KB
• rgp-20240403.xsd (EX-101.SCH) — 2KB
• rgp-20240403_lab.xml (EX-101.LAB) — 21KB
• rgp-20240403_pre.xml (EX-101.PRE) — 12KB
• rgp-20240403_htm.xml (XML) — 3KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On April 3, 2024, Resources Connection, Inc. (the "Company") issued a press release announcing its financial results for the fiscal third quarter ended February 24, 2024. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in Item 2.02 of this current report on Form 8-K, as well as Exhibit 99.1 hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing . Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of Chief Operating Officer, Bhadreskumar Patel. On April 3, 2024, Resources Connection, Inc. (the "Company") announced that Bhadreskumar Patel, age 49, has been appointed as the Chief Operating Officer of the Company, effective April 7, 2024. Mr. Patel will continue to report to the Company's Chief Executive Officer. As Chief Operating Officer, Mr. Patel is responsible for the oversight and control over the diverse, global business operations, go-to-market strategies and designing organizational vision and ensuring operational excellence across the Company. Mr. Patel will continue to oversee the Company's digital and technology initiatives. Mr. Patel has served as Chief Digital Officer of the Company since September 2021 and is responsible for technology, infrastructure, and digital modernization of the Company. Mr. Patel has also served as the Chief Executive Officer of Veracity Consulting Group, LLC, ("Veracity"), a digital transformation

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure . On April 3, 2024, the Company issued a press release announcing the appointment of Mr. Patel as the Company's Chief Operating Officer. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K. The information in Item 7.01 of this current report on Form 8-K, as well as Exhibit 99.2 hereto, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing .

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 1 0.1 Employment Agreement dated April 3, 2024 between Bhadreskumar Patel, Resources Connection, Inc. and Resources Connection LLC. 99.1 Press Release entitled "Resources Connection, Inc. Reports Fi nancial Results for Third Quarter Fiscal 2024, " issued Apr il 3 , 2024 . 99.2 Press Release entitled "Resources Connection, Inc. Announces Appointment of Bhadresh Patel as Chief Operating Officer," issued April 3, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

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 hereunto duly authorized. RESOURCES CONNECTION, INC . Date: April 3, 2024 By: /s/ KATE W. DUCHENE Kate W. Duchene President and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR