[8-K] Envela Corporation Reports Material Event
Resources Connection, Inc. (RGP) – Form 4 insider filing
Director Jeffrey H. Fox reported the award of 9,433 RGP common shares on 27 Jun 2025. The grant is a Non-Employee Director Restricted Stock Award that vests 25 % after one year and 25 % annually for the next three years on the same date.
Post-transaction, Fox’s direct ownership stands at 9,433 shares. He also lists an indirect beneficial interest in 1,289,243 shares held by CG Core Value Fund LP through affiliated Circumference Group entities, while disclaiming ownership beyond his pecuniary interest.
No shares were sold and no derivative securities were involved. The filing represents routine director compensation, providing a small increase in insider alignment without materially altering overall ownership dynamics.
Resources Connection, Inc. (RGP) – Comunicazione interna Modulo 4
Il Direttore Jeffrey H. Fox ha segnalato il conferimento di 9.433 azioni ordinarie RGP il 27 giugno 2025. La concessione consiste in un premio azionario vincolato per Direttori non dipendenti, che matura il 25% dopo un anno e il 25% ogni anno per i successivi tre anni alla stessa data.
Dopo l’operazione, la proprietà diretta di Fox ammonta a 9.433 azioni. Egli dichiara inoltre un interesse indiretto in 1.289.243 azioni detenute da CG Core Value Fund LP tramite entità affiliate del Circumference Group, pur negando la proprietà oltre il suo interesse economico.
Non sono state vendute azioni né coinvolti titoli derivati. La comunicazione rappresenta una normale compensazione per il direttore, apportando un lieve incremento nell’allineamento degli insider senza modificare sostanzialmente la struttura complessiva della proprietà.
Resources Connection, Inc. (RGP) – Presentación interna Formulario 4
El Director Jeffrey H. Fox reportó la adjudicación de 9,433 acciones comunes de RGP el 27 de junio de 2025. La concesión corresponde a un premio en acciones restringidas para Directores no empleados, que se consolida un 25% después de un año y un 25% anual durante los siguientes tres años en la misma fecha.
Tras la transacción, la posesión directa de Fox es de 9,433 acciones. También declara un interés indirecto en 1,289,243 acciones mantenidas por CG Core Value Fund LP a través de entidades afiliadas al Circumference Group, aunque niega propiedad más allá de su interés económico.
No se vendieron acciones ni se involucraron valores derivados. La presentación representa una compensación rutinaria para el director, aportando un pequeño aumento en la alineación de los insiders sin alterar materialmente la dinámica general de propiedad.
Resources Connection, Inc. (RGP) – 내부자 신고서 양식 4
이사 Jeffrey H. Fox가 2025년 6월 27일에 9,433주의 RGP 보통주 수여를 보고했습니다. 이 수여는 비임원 이사를 위한 제한 주식 보상으로, 1년 후 25%가 베스팅되고 이후 3년 동안 매년 같은 날짜에 25%씩 베스팅됩니다.
거래 후 Fox의 직접 소유 주식은 9,433주입니다. 그는 또한 CG Core Value Fund LP가 관련 Circumference Group 계열사를 통해 보유한 1,289,243주의 간접적 이익을 신고했으며, 자신의 금전적 이익을 넘어선 소유권은 부인했습니다.
주식 매도나 파생상품 관련 거래는 없었습니다. 이번 신고는 이사 보상의 일환으로 내부자 정렬을 소폭 증가시키지만 전체 소유 구조에는 실질적인 변화를 주지 않습니다.
Resources Connection, Inc. (RGP) – Déclaration d’initié Formulaire 4
Le Directeur Jeffrey H. Fox a déclaré l’attribution de 9 433 actions ordinaires RGP le 27 juin 2025. Cette attribution correspond à une récompense en actions restreintes pour administrateurs non salariés, acquérant 25 % après un an, puis 25 % chaque année pendant les trois années suivantes à la même date.
Après la transaction, la possession directe de Fox s’élève à 9 433 actions. Il mentionne également un intérêt bénéficiaire indirect sur 1 289 243 actions détenues par CG Core Value Fund LP via des entités affiliées au Circumference Group, tout en déclinant toute propriété au-delà de son intérêt pécuniaire.
Aucune action n’a été vendue et aucun instrument dérivé n’a été impliqué. La déclaration correspond à une rémunération habituelle du directeur, apportant une légère augmentation de l’alignement des initiés sans modifier de manière significative la dynamique globale de propriété.
Resources Connection, Inc. (RGP) – Insider-Meldung Formular 4
Direktor Jeffrey H. Fox meldete die Zuteilung von 9.433 RGP-Stammaktien am 27. Juni 2025. Die Zuteilung ist eine Restricted Stock Award für nicht-angestellte Direktoren, die zu 25 % nach einem Jahr und jeweils 25 % jährlich für die folgenden drei Jahre am selben Datum vestet.
Nach der Transaktion hält Fox eine direkte Beteiligung von 9.433 Aktien. Zudem gibt er ein indirektes wirtschaftliches Interesse an 1.289.243 Aktien an, die von CG Core Value Fund LP über verbundene Circumference Group-Einheiten gehalten werden, lehnt jedoch Eigentum über sein finanzielles Interesse hinaus ab.
Es wurden keine Aktien verkauft und keine Derivate verwendet. Die Meldung stellt eine routinemäßige Vergütung des Direktors dar und bewirkt eine geringe Erhöhung der Insider-Ausrichtung, ohne die Gesamtbesitzstruktur wesentlich zu verändern.
- Director Jeffrey H. Fox received 9,433 restricted shares, modestly increasing insider equity alignment.
- None.
Insights
TL;DR: Routine director stock grant; small, neutral impact.
The 9,433-share award to Director Fox is equal to roughly 0.03 % of RGP’s 31 Mar 2025 basic shares outstanding, signalling continued board-level alignment but not a material ownership change. Because the transaction is a scheduled equity grant rather than an open-market purchase, it carries limited signaling value for near-term fundamentals. Indirect holdings through CG Core Value Fund already give Fox significant exposure (≈4 %), so incremental governance or control effects are negligible. Impact on valuation, liquidity, or float is immaterial; therefore I rate the filing as neutral for investors.
Resources Connection, Inc. (RGP) – Comunicazione interna Modulo 4
Il Direttore Jeffrey H. Fox ha segnalato il conferimento di 9.433 azioni ordinarie RGP il 27 giugno 2025. La concessione consiste in un premio azionario vincolato per Direttori non dipendenti, che matura il 25% dopo un anno e il 25% ogni anno per i successivi tre anni alla stessa data.
Dopo l’operazione, la proprietà diretta di Fox ammonta a 9.433 azioni. Egli dichiara inoltre un interesse indiretto in 1.289.243 azioni detenute da CG Core Value Fund LP tramite entità affiliate del Circumference Group, pur negando la proprietà oltre il suo interesse economico.
Non sono state vendute azioni né coinvolti titoli derivati. La comunicazione rappresenta una normale compensazione per il direttore, apportando un lieve incremento nell’allineamento degli insider senza modificare sostanzialmente la struttura complessiva della proprietà.
Resources Connection, Inc. (RGP) – Presentación interna Formulario 4
El Director Jeffrey H. Fox reportó la adjudicación de 9,433 acciones comunes de RGP el 27 de junio de 2025. La concesión corresponde a un premio en acciones restringidas para Directores no empleados, que se consolida un 25% después de un año y un 25% anual durante los siguientes tres años en la misma fecha.
Tras la transacción, la posesión directa de Fox es de 9,433 acciones. También declara un interés indirecto en 1,289,243 acciones mantenidas por CG Core Value Fund LP a través de entidades afiliadas al Circumference Group, aunque niega propiedad más allá de su interés económico.
No se vendieron acciones ni se involucraron valores derivados. La presentación representa una compensación rutinaria para el director, aportando un pequeño aumento en la alineación de los insiders sin alterar materialmente la dinámica general de propiedad.
Resources Connection, Inc. (RGP) – 내부자 신고서 양식 4
이사 Jeffrey H. Fox가 2025년 6월 27일에 9,433주의 RGP 보통주 수여를 보고했습니다. 이 수여는 비임원 이사를 위한 제한 주식 보상으로, 1년 후 25%가 베스팅되고 이후 3년 동안 매년 같은 날짜에 25%씩 베스팅됩니다.
거래 후 Fox의 직접 소유 주식은 9,433주입니다. 그는 또한 CG Core Value Fund LP가 관련 Circumference Group 계열사를 통해 보유한 1,289,243주의 간접적 이익을 신고했으며, 자신의 금전적 이익을 넘어선 소유권은 부인했습니다.
주식 매도나 파생상품 관련 거래는 없었습니다. 이번 신고는 이사 보상의 일환으로 내부자 정렬을 소폭 증가시키지만 전체 소유 구조에는 실질적인 변화를 주지 않습니다.
Resources Connection, Inc. (RGP) – Déclaration d’initié Formulaire 4
Le Directeur Jeffrey H. Fox a déclaré l’attribution de 9 433 actions ordinaires RGP le 27 juin 2025. Cette attribution correspond à une récompense en actions restreintes pour administrateurs non salariés, acquérant 25 % après un an, puis 25 % chaque année pendant les trois années suivantes à la même date.
Après la transaction, la possession directe de Fox s’élève à 9 433 actions. Il mentionne également un intérêt bénéficiaire indirect sur 1 289 243 actions détenues par CG Core Value Fund LP via des entités affiliées au Circumference Group, tout en déclinant toute propriété au-delà de son intérêt pécuniaire.
Aucune action n’a été vendue et aucun instrument dérivé n’a été impliqué. La déclaration correspond à une rémunération habituelle du directeur, apportant une légère augmentation de l’alignement des initiés sans modifier de manière significative la dynamique globale de propriété.
Resources Connection, Inc. (RGP) – Insider-Meldung Formular 4
Direktor Jeffrey H. Fox meldete die Zuteilung von 9.433 RGP-Stammaktien am 27. Juni 2025. Die Zuteilung ist eine Restricted Stock Award für nicht-angestellte Direktoren, die zu 25 % nach einem Jahr und jeweils 25 % jährlich für die folgenden drei Jahre am selben Datum vestet.
Nach der Transaktion hält Fox eine direkte Beteiligung von 9.433 Aktien. Zudem gibt er ein indirektes wirtschaftliches Interesse an 1.289.243 Aktien an, die von CG Core Value Fund LP über verbundene Circumference Group-Einheiten gehalten werden, lehnt jedoch Eigentum über sein finanzielles Interesse hinaus ab.
Es wurden keine Aktien verkauft und keine Derivate verwendet. Die Meldung stellt eine routinemäßige Vergütung des Direktors dar und bewirkt eine geringe Erhöhung der Insider-Ausrichtung, ohne die Gesamtbesitzstruktur wesentlich zu verändern.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
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Securities registered pursuant to Section 12(b) of the Act:
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers.
On June 25, 2025, Envela Corporation (the “Company”) held its 2025 annual meeting (the “Annual Meeting”) of stockholders (the “Stockholders”) at the Company’s corporate office at 1901 Gateway Drive, Irving, Texas 75038 (“Corporate Head Office”).
At the Annual Meeting, the Stockholders approved the Company’s 2025 Equity Incentive Plan (the “2025 Plan”).
For additional information regarding the Company’s 2025 Plan, see “Proposal 5 - To Approve the 2025 Plan” in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 30, 2025 (the “Proxy Statement”).
The foregoing description does not purport to be complete and is qualified in its entirety by reference to the Company’s 2025 Plan, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 5.07. Submission of Matters to a Vote of Security Holders.
On June 25, 2025, the Company held its Annual Meeting of the Stockholders at the Company’s Corporate Head Office.
The matters submitted to the Stockholders for a vote at the Annual Meeting were set forth in the Proxy Statement and distributed to the Stockholders. Stockholders representing 24,111,129 or 92.75% of the shares of the Common Stock outstanding and entitled to vote as of the record date, May 13, 2025, were represented at the meeting either in person or by proxy.
The matters proposed to the Stockholders for a vote were:
| 1. | The election of each of John R. Loftus, Jim R. Ruth, Alexandra C. Griffin, Richard D. Schepp, Vicky C. Teherani, and Vince A. Ackerson as members of the Company’s Board of Directors (the “Board of Directors”). |
| 2. | The ratification of the Company’s appointment of Whitley Penn LLP (“Whitley Penn”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. |
| 3. | Advisory vote to approve the compensation of our named executive officers. |
| 4. | Advisory vote to determine the frequency of future advisory votes on executive compensation. |
| 5. | The adoption of the Company’s 2025 Plan. |
The final voting results of the Annual Meeting are set forth below.
Proposal One
The nominees named in the Proxy Statement (the “Proxy Statement Nominees”) were elected to the Board of Directors to serve until the next annual meeting of Stockholders and until their respective successors are duly-elected and qualified (or until their death, resignation or removal, if earlier). The Proxy Statement Nominees were the only nominees to receive votes for their election at the meeting, and the Proxy Statement Nominees constitute the six nominees receiving the highest number of votes in favor of their election as directors. The results of the vote with respect to their respective elections were as follows:
Nominees | Votes For | Votes Withheld | Broker Non-Votes |
John R. Loftus | 21,662,102 | 2,622 | 2,446,405 |
Jim R. Ruth | 20,985,599 | 679,125 | 2,446,405 |
Alexandra C. Griffin | 21,181,403 | 483,321 | 2,446,405 |
Richard D. Schepp | 21,195,869 | 468,855 | 2,446,405 |
Vicky C. Teherani | 21,624,063 | 40,661 | 2,446,405 |
Vince A. Ackerson | 21,634,739 | 29,985 | 2,446,405 |
Mr. Ackerson has elected to defer his start date on the Board of Directors until July 14, 2025
Ms. Teherani has elected to defer her start date on the Board of Directors until September 30, 2025.
Proposal Two
The proposal to ratify the Company’s appointment of Whitley Penn as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025 was approved by the following vote:
Votes For | Votes Against | Abstentions | Broker Non-Votes |
24,083,088 | 4 | 28,037 | 0 |
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Proposal Three
The proposed advisory vote to approve the compensation of our named executive officers was approved by the following vote:
Votes For | Votes Against | Abstentions | Broker Non-Votes |
21,599,014 | 28,274 | 37,436 | 2,446,405 |
Proposal Four
The proposed advisory vote to determine the frequency of future advisory votes on executive compensation was approved by the following vote:
1 Year | 2 Years | 3 Years | Abstentions | Broker Non-Votes |
968,575 | 25,247 | 20,633,625 | 37,277 | 2,446,405 |
Proposal Five
The proposal to adopt the Company’s 2025 Plan was approved by the following vote:
Votes For | Votes Against | Abstentions | Broker Non-Votes |
21,612,775 | 23,121 | 28,828 | 2,446,405 |
Item 9.01. Financial Statements and Exhibits.
| (d) |
Exhibit Number | Exhibit Description | |
10.1 | Envela Corporation 2025 Equity Incentive Plan | |
104 | Cover Page Interactive Data File (formatted as Inline XBRL) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
By: | /s/ John G. DeLuca | ||
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| John G. DeLuca |
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| Chief Financial Officer |
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Date: July 1, 2025 |
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FAQ
What did RGP Director Jeffrey H. Fox report in the latest Form 4?
Does the filing involve any share sales by the director?
What is the vesting schedule for the 9,433-share restricted stock award?
How many RGP shares does Jeffrey H. Fox own after the transaction?
Were any derivative securities reported in this Form 4?
Is the transaction part of a Rule 10b5-1 trading plan?
