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  4. [8-K] RESOURCES CONNECTION, INC. Reports Material Event

Resources Connection (Nasdaq: RGP) trims staff and declares $0.07 dividend

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Resources Connection, Inc. plans to cut its global management and administrative workforce to streamline operations, targeting annual cost savings of $6 million to $8 million.

The company expects about $3 million in restructuring charges during the third and fourth quarters of fiscal 2026, mainly for employee termination benefits, and aims to substantially complete the reduction by fiscal year-end 2026.

The Board also approved a regular cash dividend of $0.07 per share, payable on March 20, 2026 to shareholders of record on February 20, 2026, with future dividends to be evaluated quarterly.

Positive

  • None.

Negative

  • None.

Insights

Resources Connection pairs a cost-cutting restructuring with continuation of its quarterly dividend.

Resources Connection is reducing its global management and administrative headcount to improve efficiency, with targeted annual savings of $6 million to $8 million. This initiative carries expected restructuring charges of about $3 million in the third and fourth quarters of fiscal 2026, primarily for termination benefits.

The savings and charges profile suggests a near-term earnings drag followed by ongoing expense relief, though the net effect depends on the company’s broader cost base and revenue trends, which are not detailed here. The workforce reduction is expected to be largely complete by the end of fiscal 2026.

Despite these restructuring actions, the Board declared a quarterly dividend of $0.07 per share, payable on March 20, 2026 to shareholders of record on February 20, 2026. Maintaining the dividend while restructuring indicates a continued commitment to returning cash to shareholders under the current policy, with the Board stating it will assess future dividends on a quarterly basis.

Item 2.05 Costs Associated with Exit or Disposal Activities Financial
The company committed to an exit plan involving layoffs, facility closures, or restructuring charges.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What restructuring did Resources Connection (RGP) announce in this 8-K?
Resources Connection approved a reduction of its global management and administrative workforce. The move is intended to streamline operations and improve efficiency, forming part of a broader cost-structure initiative focused on lowering ongoing expenses rather than changing the company’s core business model.

How much does Resources Connection (RGP) expect to save from the workforce reduction?
The company targets annual cost savings of $6 million to $8 million. These savings are expected to come from reduced management and administrative expenses after the restructuring is substantially completed, supporting a leaner cost base in future fiscal periods.

What restructuring charges will Resources Connection (RGP) record and when?
Resources Connection expects approximately $3 million in restructuring charges. These charges, primarily cash payments for employee termination benefits, are expected to be recognized in the third and fourth quarters of fiscal 2026 as the workforce reduction progresses.

When will Resources Connection (RGP) complete its workforce reduction plan?
The company expects the workforce reduction to be substantially completed by the end of fiscal 2026. This timeline covers planning, execution, and recognition of related restructuring charges as the new, streamlined organizational structure is implemented.

What dividend did Resources Connection (RGP) declare and when is it payable?
The Board declared a cash dividend of $0.07 per share. This dividend will be paid on March 20, 2026 to shareholders of record at the close of business on February 20, 2026, continuing the company’s regular quarterly payout.

How will Resources Connection (RGP) decide on future dividend payments?
The Board plans to assess and approve future dividends on a quarterly basis. This approach allows the company to align dividend decisions with current financial performance, cash needs, and capital allocation priorities each quarter.
0001084765FALSE00010847652026-01-222026-01-22

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
FORM 8-K
_______________________
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 22, 2026
RESOURCES CONNECTION, INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware0-3211333-0832424
(State or Other Jurisdiction of
Incorporation)
(Commission File Number)
(I.R.S. Employer Identification
No.)
15950 North Dallas Parkway, Suite 330, Dallas, Texas 75248
(Address of Principal Executive Offices) (Zip Code)
Registrant’s Telephone Number, Including Area Code: (214) 777-0600

(Former Name or Former Address, if Changed Since Last Report)

________________________________
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:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)
Name of each exchange
on which registered
Common Stock, par value $0.01 per shareRGP
The Nasdaq Stock Market LLC
(Nasdaq Global Select Market)
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 o
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. o
Item 2.05    Costs Associated with Exit or Disposal Activities.
On January 22, 2026, the Company authorized a reduction of our global management and administrative workforce intended to reduce cost structure through enhanced efficiencies and streamlined operations. We expect the reduction in force to result in annual cost savings of $6 million to $8 million.

Restructuring charges of approximately $3 million are expected to be recognized in the third and fourth quarters of fiscal 2026 and primarily consist of cash charges for employee termination benefits. We expect the workforce reduction to be substantially completed by the end of fiscal 2026.
Item 8.01    Other Events.
On January 22, 2026, the Board approved a dividend of $0.07 per share on the Company’s common stock. The dividend is payable March 20, 2026 to stockholders of record at the close of business on February 20, 2026. The Board will assess and approve future dividends quarterly. The full text of the Company’s press release, issued on January 28, 2026, announcing the quarterly dividend payment is included as Exhibit 99.1 to this report.
Item 9.01    Financial Statements and Exhibits.
(d)Exhibits
Exhibit No.Description
99.1
Press Release entitled “Resources Connection, Inc. Announces Quarterly Dividend and Dividend Payment Date,” issued January 28, 2026.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
RESOURCES CONNECTION, INC.
Date: January 28, 2026By:/s/ JENNIFER Y. RYU
Jennifer Y. Ryu
Executive Vice President and Chief Financial Officer

Source: View Original Filing on SEC EDGAR