secwatch.observer — SEC 8-K summary
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Issuer:     RESOURCES CONNECTION, INC. (RGP)
CIK:        0001084765
Form:       8-K
Filed at:   2026-04-08T23:59:59+00:00
Accession:  0001084765-26-000027
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud

RGP reports Q3 fiscal 2026 revenue of $107.9M, net loss of $9.5M; divests Sitrick crisis communications business
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- Revenue fell 16.6% to $107.9M from $129.4M in Q3 fiscal 2025; billable hours declined 16.3%.
- Net loss improved to $9.5M (8.8% margin) from $44.1M (34.0% margin) in prior-year quarter.
- Adjusted EBITDA was negative $(1.4)M vs positive $1.7M a year ago; adjusted SG&A fell to $39.4M.
- Agreed to sell Sitrick for estimated $1.4M–$2.3M in client receivables, plus $4M cash severance to CEO Michael Sitrick.
- Sale expected to close within 45 days as part of portfolio streamlining to focus on core segments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084765/000108476526000027/0001084765-26-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084765/000108476526000027/rgp-20260408.htm
  HTML page:      https://secwatch.observer/filing/0001084765-26-000027

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