leadership
confidence high
sentiment neutral
materiality 0.60
Resources Connection COO Bhadreskumar Patel to depart May 15; no replacement planned
RESOURCES CONNECTION, INC.
- COO Bhadreskumar Patel's last day is May 15, 2026; cash severance of $1,650,000 plus accelerated equity vesting.
- No new COO will be appointed; business unit presidents will report to CEO Roger Carlile.
- Severance includes 18 months of COBRA cost reimbursement, subject to signing a general release.
- All unvested equity awards, including performance-based RSUs at target, will fully vest on separation.
- Separation agreement requires Patel to release all claims and adhere to confidentiality and non-solicitation obligations.