secwatch.observer — SEC 8-K summary
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Issuer:     RESOURCES CONNECTION, INC. (RGP)
CIK:        0001084765
Form:       8-K
Filed at:   2024-04-03T23:59:59+00:00
Accession:  0001084765-24-000046
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RGP Q3 revenue $151.3M (-19% YoY); net income $2.6M ($0.08 EPS); appoints Bhadresh Patel COO
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- Revenue $151.3M (-19% YoY); net income $2.6M ($0.08 EPS) vs $7.0M ($0.21).
- Same-day constant currency revenue -19.6%; gross margin 37.0% vs 38.3%.
- SG&A $49.6M (-16.5% YoY); Adj. EBITDA $10.8M (7.1% margin) vs $16.6M (8.9%).
- Cash dividend $0.14/share (unchanged); cash+revolver $287.4M.
- Bhadresh Patel appointed COO eff. Apr 7, 2024; $550K base salary, target bonus $550K for FY2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084765/000108476524000046/0001084765-24-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084765/000108476524000046/rgp-20240403.htm
  HTML page:      https://secwatch.observer/filing/0001084765-24-000046

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer