secwatch.observer — SEC 8-K summary
======================================

Issuer:     RCM TECHNOLOGIES, INC. (RCMT)
CIK:        0000700841
Form:       8-K
Filed at:   2022-08-11T23:59:59+00:00
Accession:  0001437749-22-020132
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RCM Tech boosts ATM to $25M, authorizes new $25M share buyback
--------------------------------------------------------------

- Board increased ATM equity offering program from $17.9M to $25.0M; B. Riley Securities acts as agent.
- Board approved new $25.0M common stock repurchase program, replacing and terminating prior buyback plan.
- Repurchases may be made in open market or negotiated transactions; no price targets or timetables set.
- Company expects to fund repurchases using working capital and revolving credit facility.
- Prospectus supplement dated August 11, 2022 filed with SEC for ATM increase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700841/000143774922020132/0001437749-22-020132-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700841/000143774922020132/rcmt20220809_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-020132

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