secwatch.observer — SEC 8-K summary
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Issuer:     RCM TECHNOLOGIES, INC. (RCMT)
CIK:        0000700841
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0001437749-23-011627
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.02, 2.03, 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RCM Tech: $25M buyback authorized, private repurchase at $11.91, loan extended to 2026, director retiring
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- Board authorized $25M stock repurchase program; prior program completed. Private repurchase of 333,686 shares at $11.91 on April 24, 2023.
- From Dec 31, 2022 to Apr 28, 2023, total repurchases of 1,149,476 shares for $14.2M at avg $12.36.
- Entered Fourth Amended Loan Agreement with Citizens Bank: $45M revolver, matures April 24, 2026, SOFR-based pricing.
- Director Richard A. Genovese to retire from Board at end of his term in December 2023.
- Issued press release with preliminary Q1 2023 financial results (specific figures not provided in filing text).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700841/000143774923011627/0001437749-23-011627-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700841/000143774923011627/rcmt20230425c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-011627

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