Resources Connection, Inc. stockholders approved amendments to its 2020 Performance Incentive Plan and 2019 Employee Stock Purchase Plan at the October 22, 2026 annual meeting. The incentive plan adds 1 million shares authorized for issuance and extends until September 1, 2036. Equity awards granted after September 2, 2026 require at least one-year vesting, subject to a limited exception. Annual limits on equity-based awards are $250,000 per year for a non-employee director and $350,000 per year for a non-employee director serving as Chair of the Board or newly elected to the Board. The ESPP adds 1.5 million shares authorized for issuance and also extends until September 1, 2036.
The Board approved a cash dividend of $0.07 per share, payable December 17, 2026, to stockholders of record November 19, 2026; future dividends will be assessed and approved quarterly. Stockholders elected Roger D. Carlile and Marco von Maltzan to director terms expiring at the 2029 annual meeting, ratified Ernst & Young LLP for fiscal 2026, and approved named executive officer compensation on an advisory basis.
Resources Connection, Inc. (RGP) reported first-quarter fiscal 2027 revenue of $98.1 million, down 18.4% from $120.2 million a year earlier. Billable hours fell 13.2% and average bill rate fell 5.8%; management cited longer client decision timelines, delayed project starts and lower Consulting project volume. The year-ago quarter included $2.3 million from Sitrick, which was sold in May.
Net loss was $7.970 million, versus $2.405 million, while Adjusted EBITDA was a $3.624 million loss versus $3.065 million positive. Operating cash use was $18.861 million, compared with $7.832 million. Cash and cash equivalents were $61.229 million as of August 29, 2026. The new revolving credit facility had no borrowings and $24.1 million available as of that date; it provides secured revolving loans up to the lesser of $30.0 million and a borrowing-base amount.
After quarter-end, Jennifer Y. Ryu submitted her resignation as Executive Vice President and Chief Financial Officer, effective October 2, 2026. Jessica Block, then Chief AI Officer, assumed the Interim Chief Financial Officer role effective October 3, and Trisha Jenks was appointed Chief Accounting Officer and principal accounting officer effective October 3. The quarterly dividend was $0.07 per share.
Resources Connection, Inc. (RGP) reported first-quarter fiscal 2027 revenue of $98.1 million for the quarter ended August 29, 2026, compared with $120.2 million a year earlier; revenue declined 18.4% on a same-day constant currency basis. Billable hours decreased 13.2% and the average bill rate decreased 5.8%. Gross margin was 37.4%, versus 39.5%.
Net loss was $8.0 million, compared with $2.4 million, and diluted loss per share was $0.23 versus $0.07. Adjusted EBITDA was a loss of $3.6 million, compared with $3.1 million of adjusted EBITDA income. GAAP SG&A expense declined to $43.1 million from $47.9 million, while SG&A increased to 43.9% of revenue from 39.9%. Management cited lower Consulting project volume, delayed project starts, longer client decision-making and lower utilization. Operating activities used $18.9 million in cash, compared with $7.8 million used a year earlier. Cash and cash equivalents were $61.2 million as of August 29, 2026. RGP had up to $24.1 million of borrowing capacity and paid a $0.07 quarterly dividend per share on October 1, 2026.
Resources Connection, Inc. (RGP) lists Interim CFO Jessica Ann Block-Ewart as directly holding 207,026 shares of common stock as of October 3, 2026. The Form 3 entry records her ownership position.
Resources Connection, Inc. (RGP) lists Chief Accounting Officer Trisha Esakoff Jenks as directly holding 26,272 shares of common stock. The holding entry is dated October 3, 2026.
Resources Connection, Inc. (RGP) director Marco von Maltzan acquired 1,591 dividend-equivalent phantom shares on October 1, 2026, under the Directors Deferred Compensation Plan. His reported direct phantom-stock holdings after the transaction were 88,909 shares. Each phantom share is the economic equivalent of one common share. The phantom shares will become payable in cash upon his separation from service as a director, in accordance with his plan election.
Resources Connection, Inc. (RGP) director Robert F. Kistinger accrued 1,687 dividend-equivalent phantom shares on October 1, 2026, under the Directors Deferred Compensation Plan, on previously awarded phantom shares. Each phantom share is economically equivalent to one common share. His reported phantom-stock balance after the accrual was 94,273 shares. The phantom shares are payable in cash upon his separation from service as a director, in accordance with his election under the plan.
Resources Connection, Inc. CFO Jennifer Y. Ryu acquired 2,505 shares of common stock on October 1, 2026. The shares represent dividend equivalent rights accrued on previously awarded restricted stock units, which vest proportionately with the units to which they relate. Her reported direct holdings after the transaction were 214,021 shares.
Resources Connection, Inc. President Scott Glenn Rottmann acquired 3,560 common shares on October 1, 2026, representing dividend equivalent rights accrued on previously awarded restricted stock units. The rights vest proportionately with the related units. His reported direct common-stock holdings following the transaction were 212,372 shares.
Resources Connection, Inc. President Michael Wayne Lane acquired 3,616 shares of common stock on October 1, 2026, as dividend equivalent rights accrued on previously awarded restricted stock units. The rights vest proportionately with the units. He held 206,980 shares directly after the transaction; that figure includes 1,922 shares purchased through the Employee Stock Purchase Plan.