secwatch.observer — SEC 8-K summary
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Issuer:     RCM TECHNOLOGIES, INC. (RCMT)
CIK:        0000700841
Form:       8-K
Filed at:   2022-10-13T23:59:59+00:00
Accession:  0001437749-22-024105
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RCM Technologies acquires TalentHerder for $4.15M cash, 38K shares, and earn-outs
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- Purchase price: $4,150,000 cash at closing plus 38,000 RCMT shares (5-year lock-up).
- Earn-out: $125K cash + 8K shares for Q4 2022; up to $300K cash + 25K shares per year for 2023-2027 if EBIT targets met.
- Second-tier earn-out for 2023-2027: additional cash up to $1M-$2M per year based on EBIT above hurdle.
- Christopher G. Adams appointed SVP of Resource Process Outsourcing to lead acquired business.
- Acquisition expands RCM's recruitment process outsourcing (RPO) capabilities for tech and high-growth companies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700841/000143774922024105/0001437749-22-024105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700841/000143774922024105/rcmt20221010_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-024105

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