Resources Connection CFO to resign in October 2026
RGP’s CFO will depart in October 2026, with Chief AI Officer Jessica Block stepping in as interim CFO under an existing employment agreement.
Rhea-AI Filing Summary
Resources Connection, Inc. (RGP) disclosed a planned chief financial officer transition. Executive Vice President and CFO Jennifer Y. Ryu has resigned effective October 2, 2026, and the company will conduct a search for a permanent successor. Effective October 3, 2026, Chief AI Officer Jessica Block, age 45, will serve as Interim CFO and will act as principal financial and principal accounting officer while continuing to report to the CEO.
The filing details Ms. Block’s existing Employment Agreement, which runs from March 30, 2026 through March 30, 2029 with automatic one-year renewals, and provides an annual base salary of $450,000 and a fiscal 2027 target bonus of $350,000, plus eligibility for equity awards and standard executive benefits. If terminated due to death or disability, or by the company without Cause or by Ms. Block for Good Reason, she is entitled to specific lump-sum severance and accelerated vesting of unvested equity awards, subject to a release of claims and restrictive covenants. The company states she will not receive additional payments or benefits for serving as Interim CFO.
Positive
- Experienced interim CFO appointed: RGP named Chief AI Officer Jessica Block, who has prior interim CFO experience and over 20 years in professional services leadership, as Interim CFO effective October 3, 2026, providing continuity while a permanent successor is sought.
- No extra compensation for interim role: The company states that Ms. Block will not receive additional payments or benefits for serving as interim CFO beyond those in her existing employment agreement, limiting incremental cost from the transition.
Negative
- Planned CFO resignation: Executive Vice President and Chief Financial Officer Jennifer Y. Ryu has resigned effective October 2, 2026, and the company is beginning a search for a successor, creating near-term leadership transition in the finance function.
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8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Effective CFO resignation date: October 2, 2026
Interim CFO start date: October 3, 2026
Annual base salary for Jessica Block: $450,000
+5 more
8 metrics
Effective CFO resignation date
October 2, 2026
Date Jennifer Y. Ryu’s resignation as CFO becomes effective
Interim CFO start date
October 3, 2026
Date Jessica Block assumes Interim CFO role and principal financial officer duties
Annual base salary for Jessica Block
$450,000
Base salary under Employment Agreement as Chief AI Officer and Interim CFO
Target annual bonus for fiscal 2027
$350,000
Target bonus opportunity for Ms. Block for fiscal 2027
Severance multiple on base salary (death/disability)
1.0x
Lump sum equal to one times then-current base salary upon death or permanent disability
Severance multiple on salary plus target bonus
1.0x
Lump sum equal to one times base salary plus target annual incentive if terminated without Cause or for Good Reason
Employment Agreement initial term
3 years
From March 30, 2026 through March 30, 2029 before automatic renewals
Non-renewal notice period
60 days
Minimum written notice required by either party to avoid automatic one-year renewal
Key Terms
Good Reason, Cause, non-compete, Section 4999 of the Internal Revenue Code, +2 more
6 terms
Good Reason regulatory
"terminated by the Company without Cause ... or by Ms. Block for Good Reason"
Cause regulatory
"terminated by the Company without Cause (as defined in the Employment Agreement)"
non-compete regulatory
"The Employment Agreement includes certain non-compete, non-solicit, and confidentiality"
A non-compete is a contract clause that prevents an employee, executive, or seller from working for or starting a rival business for a set time and area after leaving a company. It matters to investors because it protects the value of intellectual property, customer relationships and key personnel—like putting a temporary fence around a company’s customers and know‑how—while also creating legal and operational constraints that can affect talent mobility and deal attractiveness.
Section 4999 of the Internal Revenue Code regulatory
"trigger excise taxes under Section 4999 of the Internal Revenue Code"
excise taxes financial
"should benefits payable to Ms. Block trigger excise taxes under Section 4999"
Excise taxes are charges levied by governments on specific goods, activities, or services—commonly on items like fuel, tobacco, alcohol, or certain manufacturing activities—paid by producers or sellers and often built into the final price. For investors, they matter because higher or changing excise taxes can raise a company’s costs, reduce consumer demand, or alter profit margins in affected industries, much like a hidden toll that changes the economics of doing business.
Employment Agreement regulatory
"Ms. Block entered into an Employment Agreement with the Company on February 2, 2026"
FAQ
What CFO change did RGP (Nasdaq: RGP) announce?
RGP announced that Jennifer Y. Ryu has resigned as Chief Financial Officer, effective October 2, 2026. The company will commence a search for a permanent successor and has appointed Chief AI Officer Jessica Block as Interim CFO effective October 3, 2026.
Who is RGP’s interim Chief Financial Officer and what is her background?
RGP named Jessica Block, its Chief AI Officer, as Interim CFO effective October 3, 2026. She joined RGP in March 2026 and previously held senior roles at Factor and Ankura Consulting, including serving as interim CFO at Factor from January 2023 to January 2024.
What are the key compensation terms for RGP’s interim CFO under her Employment Agreement?
Under her Employment Agreement, Ms. Block receives an annual base salary of $450,000 and has a fiscal 2027 target bonus of $350,000, plus eligibility for annual equity awards and participation in executive benefit plans. She receives no additional pay for serving as Interim CFO.
What severance protections does Jessica Block have with RGP (RGP)?
If Ms. Block’s employment ends due to death or permanent disability, she is entitled to one times base salary, certain unpaid incentive pay, and accelerated equity vesting. If terminated without Cause or she resigns for Good Reason, she receives one times base salary plus target bonus, similar incentive pay, and accelerated vesting.
How long is Jessica Block’s Employment Agreement with RGP?
Ms. Block’s Employment Agreement covers an initial term from March 30, 2026 through March 30, 2029, with automatic one-year renewals unless either party gives at least 60 days’ written non-renewal notice, subject to earlier termination in accordance with the agreement.
Does RGP provide an excise tax gross-up to its interim CFO?
No. The Employment Agreement includes a provision that, if benefits trigger Section 4999 excise taxes, Ms. Block will either receive full benefits or a reduced amount if that yields a higher after-tax benefit, but it does not include any company-paid tax gross-up.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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): September 1, 2026
(Exact Name of Registrant as Specified in Its Charter)
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
(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:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||||||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||||||||
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||||||||
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 class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
(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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Chief Financial Officer
On September 1, 2026, Jennifer Y. Ryu submitted her resignation from her position as Executive Vice President and Chief Financial Officer of Resources Connection, Inc. (the “Company”) effective October 2, 2026.
Appointment of Interim Chief Financial Officer
Effective October 3, 2026, Ms. Jessica Block, age 45, currently the Company’s Chief AI Officer, will become the Company’s Interim Chief Financial Officer and assume the responsibilities of the Company’s principal financial officer and principal accounting officer. Ms. Block will continue to report to the Company’s Chief Executive Officer.
Ms. Block joined the Company in March 2026. Prior to joining the Company, from June 2022 to March 2026, Ms. Block served as Executive Vice President, Head of Growth and Transformation, for Factor Law, Inc. (“Factor”), a global legal managed services and advisory firm. She served as interim CFO at Factor from January 2023 to January 2024. From August 2016 to May 2021, Ms. Block served as the Senior Managing Director, Global Business Group Leader- Data and Technology at Ankura Consulting Group, a global business advisory firm. Ms. Block has a bachelor’s degree from Yale University and a Master of Business Administration from University of Virginia Darden School of Business.
There are no arrangements or understandings between Ms. Block and any other persons pursuant to which she was selected as an officer of the Company. There are also no family relationships between Ms. Block and any director or executive officer of the Company, and Ms. Block does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Ms. Block entered into an Employment Agreement with the Company on February 2, 2026 in connection with her appointment as Chief AI Officer (the “Employment Agreement”). The Employment Agreement provides that Ms. Block will be employed with the Company for an initial term beginning March 30, 2026 and continuing through March 30, 2029, with the term automatically renewing annually thereafter for an additional one-year term unless either party provides at least sixty days’ written notice of non-renewal and subject to earlier termination by either party.
The Employment Agreement provides that the Company will pay Ms. Block an annual base salary of $450,000 and that she will have an annual target bonus opportunity for fiscal 2027 of $350,000, with the actual amount of Ms. Block’s annual bonus to be determined based on the achievement of performance criteria approved by the Compensation Committee. Ms. Block will be eligible to receive annual equity awards from the Company in the discretion of the Compensation Committee. She will also be eligible to participate in the employee benefit plans available to other executives of the Company.
The Employment Agreement provides that if Ms. Block’s employment with the Company is terminated due to her death or permanent disability, she will be entitled to receive, subject to her providing a general release of claims in favor of the Company, (1) a lump sum payment equal to any earned but unpaid annual incentive compensation with respect to the most recently completed fiscal year, (2) a lump sum payment equal to one times her then-current base salary, and (3) accelerated vesting of any outstanding and unvested Company equity awards (with performance-based awards to vest pursuant to the terms of the applicable award agreement). The Employment Agreement further provides that if Ms. Block’s employment with the Company is terminated by the Company without Cause (as defined in the Employment Agreement, including a non-renewal of the employment agreement by the Company) or by Ms. Block for Good Reason (as defined in the Employment Agreement), Ms. Block will be entitled to receive, subject to her providing a general release of claims in favor of the Company, (1) a lump sum payment equal to any earned but unpaid annual incentive compensation with respect to the most recently completed fiscal year, (2) a lump sum payment equal to one times the sum of her then-current base salary plus her target annual incentive, and (3) accelerated vesting of any outstanding and unvested Company equity awards (with performance-based awards to vest pursuant to the terms of the applicable award agreement).
The Employment Agreement includes certain non-compete, non-solicit, and confidentiality covenants in favor of the Company. The Employment Agreement provides that, should benefits payable to Ms. Block trigger excise taxes under
Section 4999 of the Internal Revenue Code, she will either be entitled to the full amount of her benefits or, if a cut-back in the benefits would result in greater net (after-tax) benefit to her, the benefits will be cut-back to the extent necessary to avoid such excise taxes. The Employment Agreement does not provide for a Company tax “gross-up” payment to make Ms. Block whole for any such taxes.
The Company has not provided Ms. Block with any additional payments or benefits in connection with her service as interim Chief Financial Officer.
The foregoing summary of the Employment Agreement is qualified in its entirety by reference to the full text of the agreement, which is attached hereto as Exhibit 10.1, and is incorporated in this Item 5.02 by reference.
Item 7.01 Regulation FD Disclosure.
The full text of the Company’s press release, issued on September 3, 2026, announcing Ms. Ryu’s resignation and Ms. Block’s appointment is included as Exhibit 99.1 to this report.
This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not incorporated by reference into any filing of the Company whether made before or after the date hereof, regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits
| Exhibit No. | Description | |||||||
10.1 | Employment Agreement by and between the Company and Jessica Block, dated February 2, 2026. | |||||||
99.1 | Press release entitled “Resources Connection, Inc. Announces CFO Transition,” issued September 3, 2026. | |||||||
| 104 | Cover 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: September 3, 2026 | By: | /s/ ROGER CARLILE | ||||||
| Roger Carlile | ||||||||
| President and Chief Executive Officer | ||||||||
Resources Connection, Inc. Announces CFO Transition
DALLAS, Texas, September 3, 2026 – Resources Connection, Inc. (Nasdaq: RGP) (the “Company”) announced today that Jennifer Y. Ryu has resigned as the Company’s Chief Financial Officer, effective October 2, 2026. The Company will initiate a search for a successor, and Jessica Block will assume the role of interim Chief Financial Officer to ensure continuity and continued focus on the Company's strategic priorities.
Ms. Block joined RGP in March 2026 as Chief AI Officer, bringing more than 20 years of experience leading professional services businesses through growth, technology-driven change and operational transformation. Prior to joining RGP, she served on the executive leadership team of Factor, a global legal managed services and advisory firm, with responsibility for AI transformation and the global client delivery organization. During a period of significant operational change, she stepped in as interim CFO at Factor, providing leadership and oversight of the company's finance organization. Prior to Factor, she held senior leadership roles at global consulting and advisory firms, including the executive leadership team at Ankura Consulting during at time of rapid growth, and more than a decade at FTI Consulting. Her experience leading and scaling global businesses, combined with her technology expertise, positions her to support RGP through this transition and advance the company’s AI strategy.
ABOUT RGP
RGP (Nasdaq: RGP) has been redefining professional services for 30 years by closing the gap between advice and execution. RGP combines the flexibility of on-demand talent, the rigor of consulting, and the accountability of managed services for faster impact, smarter investment, and lower risk. The firm partners with CFOs and other C-suite leaders across finance, digital transformation, data, and cloud — connecting advisory to execution at global scale.
Based in Dallas, Texas, with offices worldwide, RGP annually engages with more than 1,500 clients around the world from 40 physical practice offices and multiple virtual offices. As of May 2026, RGP is proud to have served 90% of the Fortune 100 and has been recognized by U.S. News & World Report (2025-2026 Best Companies to Work for) and Forbes (America’s Best Midsize Employers 2026, America’s Best Management Consulting Firms 2025, World’s Best Management Consulting Firms 2025).
Resources Connection, Inc. (RGP) is listed on the Nasdaq Global Select Market, the exchange’s highest tier by listing standards. To learn more about RGP, visit: http://www.rgp.com. (RGP-F)
Investor Contact:
Jessica Block
(US+) 1-214-777-0600
Jessica.block@rgp.com
Media Contact:
Pat Burek
Financial Profiles
(US+) 1-310-622-8244
pburek@finprofiles.com