STOCK TITAN

[8-K] Resources Connection Reports Material Event

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Magnite, Inc. (MGNI) filed a Form 144 indicating a planned sale of 9,289 common shares worth approximately $204,358 at prevailing market prices. The shares were originally acquired on 02/15/2024 as restricted stock directly from the issuer and will be executed through Morgan Stanley Smith Barney LLC on or about 06/30/2025. Total shares outstanding are reported at 141,110,559, so the proposed sale represents less than 0.01 % of the float.

The filing lists David Buonasera as the selling shareholder, who has already disposed of 12,395 shares over the past three months for gross proceeds of $194,776.59. While the dollar amounts are modest relative to Magnite’s market capitalization, consecutive insider sales can raise sentiment concerns for some investors. The form contains no operational or financial performance data and makes no assertions about Magnite’s fundamentals; it solely discloses the insider’s intent to sell under Rule 144.

Magnite, Inc. (MGNI) ha presentato un modulo 144 indicando la vendita pianificata di 9.289 azioni ordinarie per un valore approssimativo di 204.358 $ ai prezzi di mercato correnti. Le azioni sono state acquisite originariamente il 15/02/2024 come azioni ristrette direttamente dall'emittente e la vendita sarà eseguita tramite Morgan Stanley Smith Barney LLC intorno al 30/06/2025. Il totale delle azioni in circolazione è riportato essere 141.110.559, quindi la vendita proposta rappresenta meno dello 0,01% del flottante.

Nel modulo viene indicato come azionista venditore David Buonasera, che negli ultimi tre mesi ha già ceduto 12.395 azioni per un ricavo lordo di 194.776,59 $. Sebbene gli importi in dollari siano modesti rispetto alla capitalizzazione di mercato di Magnite, vendite consecutive da parte di insider possono suscitare preoccupazioni tra alcuni investitori. Il modulo non contiene dati operativi o finanziari né affermazioni sui fondamentali di Magnite; si limita a comunicare l’intenzione dell’insider di vendere ai sensi della Regola 144.

Magnite, Inc. (MGNI) presentó un Formulario 144 indicando una venta planificada de 9,289 acciones comunes por un valor aproximado de $204,358 a precios de mercado vigentes. Las acciones fueron adquiridas originalmente el 15/02/2024 como acciones restringidas directamente del emisor y la venta se realizará a través de Morgan Stanley Smith Barney LLC alrededor del 30/06/2025. El total de acciones en circulación es de 141,110,559, por lo que la venta propuesta representa menos del 0,01 % del flotante.

El formulario lista a David Buonasera como el accionista vendedor, quien ya ha vendido 12,395 acciones en los últimos tres meses por ingresos brutos de $194,776.59. Aunque las cantidades en dólares son modestas en relación con la capitalización de mercado de Magnite, ventas consecutivas de insiders pueden generar preocupaciones entre algunos inversores. El formulario no contiene datos operativos ni financieros ni afirmaciones sobre los fundamentos de Magnite; únicamente revela la intención del insider de vender bajo la Regla 144.

Magnite, Inc. (MGNI)는 144양식(Form 144)을 제출하여 약 204,358달러 상당의 9,289주 보통주를 시장 가격에 따라 매도할 계획임을 알렸습니다. 해당 주식은 2024년 2월 15일에 발행사로부터 제한 주식으로 직접 취득했으며, 매도는 2025년 6월 30일Morgan Stanley Smith Barney LLC를 통해 진행될 예정입니다. 총 발행 주식 수는 141,110,559주로 보고되어 있으며, 제안된 매도는 유통 주식의 0.01% 미만에 해당합니다.

제출서류에는 매도 주주로 David Buonasera가 명시되어 있으며, 그는 지난 3개월 동안 이미 12,395주를 매도하여 총 194,776.59달러의 총수익을 올렸습니다. 금액은 Magnite의 시가총액에 비해 크지 않지만, 연속적인 내부자 매도는 일부 투자자에게 우려를 불러일으킬 수 있습니다. 이 양식에는 운영 또는 재무 성과 데이터가 포함되어 있지 않으며, Magnite의 기본적 사항에 대한 어떠한 주장도 하지 않고, 내부자의 매도 의도만을 규칙 144에 따라 공개합니다.

Magnite, Inc. (MGNI) a déposé un formulaire 144 indiquant une vente prévue de 9 289 actions ordinaires d'une valeur d'environ 204 358 $ aux prix du marché en vigueur. Les actions ont été initialement acquises le 15/02/2024 en tant qu'actions restreintes directement auprès de l'émetteur et la vente sera réalisée via Morgan Stanley Smith Barney LLC aux alentours du 30/06/2025. Le nombre total d'actions en circulation est de 141 110 559, la vente proposée représentant donc moins de 0,01 % du flottant.

Le formulaire mentionne David Buonasera comme actionnaire vendeur, qui a déjà cédé 12 395 actions au cours des trois derniers mois pour un produit brut de 194 776,59 $. Bien que les montants en dollars soient modestes par rapport à la capitalisation boursière de Magnite, des ventes successives d'initiés peuvent susciter des inquiétudes chez certains investisseurs. Le formulaire ne contient aucune donnée opérationnelle ou financière ni aucune affirmation sur les fondamentaux de Magnite ; il se limite à divulguer l'intention de l'initié de vendre conformément à la règle 144.

Magnite, Inc. (MGNI) hat ein Formular 144 eingereicht, das einen geplanten Verkauf von 9.289 Stammaktien im Wert von ungefähr 204.358 USD zu aktuellen Marktpreisen anzeigt. Die Aktien wurden ursprünglich am 15.02.2024 als eingeschränkte Aktien direkt vom Emittenten erworben und sollen über Morgan Stanley Smith Barney LLC etwa am 30.06.2025 verkauft werden. Die insgesamt ausstehenden Aktien belaufen sich auf 141.110.559, sodass der geplante Verkauf weniger als 0,01 % des Streubesitzes ausmacht.

Im Formular wird David Buonasera als verkaufender Aktionär aufgeführt, der in den letzten drei Monaten bereits 12.395 Aktien veräußert hat und daraus Bruttoerlöse von 194.776,59 USD erzielte. Obwohl die Dollarbeträge im Vergleich zur Marktkapitalisierung von Magnite gering sind, können aufeinanderfolgende Insiderverkäufe bei einigen Investoren Bedenken hervorrufen. Das Formular enthält keine operativen oder finanziellen Leistungsdaten und macht keine Aussagen zu den Fundamentaldaten von Magnite; es offenbart lediglich die Verkaufsabsicht des Insiders gemäß Regel 144.

Positive
  • None.
Negative
  • Insider continues to sell shares, potentially signaling reduced personal confidence although amounts are immaterial.

Insights

TL;DR: Small, routine Rule 144 sale; sentiment slightly negative but immaterial financially.

The transaction involves 9,289 shares, following two earlier sales in May totaling 12,395 shares. Cumulatively, the insider will have sold about 21,684 shares—still an insignificant fraction of Magnite’s ~141 million shares outstanding. Because no additional context (e.g., option expirations, tax obligations) is provided, investors may view the pattern as mild bearish sentiment from the insider. However, the dollar value is too small to affect liquidity or ownership structure. I classify the filing as not impactful for valuation, but worth noting in governance tracking.

Magnite, Inc. (MGNI) ha presentato un modulo 144 indicando la vendita pianificata di 9.289 azioni ordinarie per un valore approssimativo di 204.358 $ ai prezzi di mercato correnti. Le azioni sono state acquisite originariamente il 15/02/2024 come azioni ristrette direttamente dall'emittente e la vendita sarà eseguita tramite Morgan Stanley Smith Barney LLC intorno al 30/06/2025. Il totale delle azioni in circolazione è riportato essere 141.110.559, quindi la vendita proposta rappresenta meno dello 0,01% del flottante.

Nel modulo viene indicato come azionista venditore David Buonasera, che negli ultimi tre mesi ha già ceduto 12.395 azioni per un ricavo lordo di 194.776,59 $. Sebbene gli importi in dollari siano modesti rispetto alla capitalizzazione di mercato di Magnite, vendite consecutive da parte di insider possono suscitare preoccupazioni tra alcuni investitori. Il modulo non contiene dati operativi o finanziari né affermazioni sui fondamentali di Magnite; si limita a comunicare l’intenzione dell’insider di vendere ai sensi della Regola 144.

Magnite, Inc. (MGNI) presentó un Formulario 144 indicando una venta planificada de 9,289 acciones comunes por un valor aproximado de $204,358 a precios de mercado vigentes. Las acciones fueron adquiridas originalmente el 15/02/2024 como acciones restringidas directamente del emisor y la venta se realizará a través de Morgan Stanley Smith Barney LLC alrededor del 30/06/2025. El total de acciones en circulación es de 141,110,559, por lo que la venta propuesta representa menos del 0,01 % del flotante.

El formulario lista a David Buonasera como el accionista vendedor, quien ya ha vendido 12,395 acciones en los últimos tres meses por ingresos brutos de $194,776.59. Aunque las cantidades en dólares son modestas en relación con la capitalización de mercado de Magnite, ventas consecutivas de insiders pueden generar preocupaciones entre algunos inversores. El formulario no contiene datos operativos ni financieros ni afirmaciones sobre los fundamentos de Magnite; únicamente revela la intención del insider de vender bajo la Regla 144.

Magnite, Inc. (MGNI)는 144양식(Form 144)을 제출하여 약 204,358달러 상당의 9,289주 보통주를 시장 가격에 따라 매도할 계획임을 알렸습니다. 해당 주식은 2024년 2월 15일에 발행사로부터 제한 주식으로 직접 취득했으며, 매도는 2025년 6월 30일Morgan Stanley Smith Barney LLC를 통해 진행될 예정입니다. 총 발행 주식 수는 141,110,559주로 보고되어 있으며, 제안된 매도는 유통 주식의 0.01% 미만에 해당합니다.

제출서류에는 매도 주주로 David Buonasera가 명시되어 있으며, 그는 지난 3개월 동안 이미 12,395주를 매도하여 총 194,776.59달러의 총수익을 올렸습니다. 금액은 Magnite의 시가총액에 비해 크지 않지만, 연속적인 내부자 매도는 일부 투자자에게 우려를 불러일으킬 수 있습니다. 이 양식에는 운영 또는 재무 성과 데이터가 포함되어 있지 않으며, Magnite의 기본적 사항에 대한 어떠한 주장도 하지 않고, 내부자의 매도 의도만을 규칙 144에 따라 공개합니다.

Magnite, Inc. (MGNI) a déposé un formulaire 144 indiquant une vente prévue de 9 289 actions ordinaires d'une valeur d'environ 204 358 $ aux prix du marché en vigueur. Les actions ont été initialement acquises le 15/02/2024 en tant qu'actions restreintes directement auprès de l'émetteur et la vente sera réalisée via Morgan Stanley Smith Barney LLC aux alentours du 30/06/2025. Le nombre total d'actions en circulation est de 141 110 559, la vente proposée représentant donc moins de 0,01 % du flottant.

Le formulaire mentionne David Buonasera comme actionnaire vendeur, qui a déjà cédé 12 395 actions au cours des trois derniers mois pour un produit brut de 194 776,59 $. Bien que les montants en dollars soient modestes par rapport à la capitalisation boursière de Magnite, des ventes successives d'initiés peuvent susciter des inquiétudes chez certains investisseurs. Le formulaire ne contient aucune donnée opérationnelle ou financière ni aucune affirmation sur les fondamentaux de Magnite ; il se limite à divulguer l'intention de l'initié de vendre conformément à la règle 144.

Magnite, Inc. (MGNI) hat ein Formular 144 eingereicht, das einen geplanten Verkauf von 9.289 Stammaktien im Wert von ungefähr 204.358 USD zu aktuellen Marktpreisen anzeigt. Die Aktien wurden ursprünglich am 15.02.2024 als eingeschränkte Aktien direkt vom Emittenten erworben und sollen über Morgan Stanley Smith Barney LLC etwa am 30.06.2025 verkauft werden. Die insgesamt ausstehenden Aktien belaufen sich auf 141.110.559, sodass der geplante Verkauf weniger als 0,01 % des Streubesitzes ausmacht.

Im Formular wird David Buonasera als verkaufender Aktionär aufgeführt, der in den letzten drei Monaten bereits 12.395 Aktien veräußert hat und daraus Bruttoerlöse von 194.776,59 USD erzielte. Obwohl die Dollarbeträge im Vergleich zur Marktkapitalisierung von Magnite gering sind, können aufeinanderfolgende Insiderverkäufe bei einigen Investoren Bedenken hervorrufen. Das Formular enthält keine operativen oder finanziellen Leistungsdaten und macht keine Aussagen zu den Fundamentaldaten von Magnite; es offenbart lediglich die Verkaufsabsicht des Insiders gemäß Regel 144.

0001084765FALSE00010847652025-06-242025-06-24

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): June 24, 2025
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 1.01    Entry into a Material Definitive Agreement.
On June 26, 2025, Resources Connection, Inc. (the “Company”) entered into a Cooperation Agreement (the “Cooperation Agreement”) with Circumference Group Holding LLC and certain of its affiliates, including Jeffrey H. Fox, a director of the Company (collectively, “Circumference Group”).
Pursuant to the Cooperation Agreement, the Board of Directors of the Company (the “Board”) agreed, on and subject to the terms and conditions set forth in the Cooperation Agreement, to appoint Mr. Fox to the Board as a Class III director, with an initial term expiring at the Company’s 2027 annual meeting of the stockholders (the “2027 Annual Meeting”).
Also pursuant to the Cooperation Agreement, Mr. Fox will serve as a member of the Board’s Compensation Committee, and shall be considered for membership on other committees of the Board in the same manner as other independent members of the Board.
The Cooperation Agreement further provides, among other things, that:
During the term of the Cooperation Agreement, Circumference Group will be subject to customary standstill restrictions, including among other things (in each case on the terms and subject to the exceptions set forth in the Cooperation Agreement) with respect to acquiring beneficial ownership (including notional shares associated with derivatives) in the aggregate of more than 9.9% of the Company’s common stock, nominating or recommending for nomination any persons for election to the Board, submitting any proposal for consideration at any stockholder meeting and soliciting any proxy, consent or other authority to vote from stockholders or conducting any other referendum (including any “withhold,” “vote no” or similar campaign).
During the term of the Cooperation Agreement, Circumference Group will vote all of its shares of the Company’s common stock at all annual and special meetings (that it has the right to vote as of the applicable record date for such meeting) as well as in any consent solicitations of the Company’s stockholders (1) in favor of the slate of directors recommended by the Board, against or withhold from voting in favor of the election of any director nominee not approved, recommended and nominated by the Board for election and (unless recommended by the Board) against any removal of any director of the Board and (2) in accordance with the Board’s recommendation for any other matter; provided that Circumference Group will be permitted to vote in its sole discretion (i) on any proposals relating to an “Extraordinary Transaction” (defined in the Cooperation Agreement to include, among other things, certain change of control transactions or the sale of substantially all of the Company’s assets) and (ii) on any other proposal (other than the election or removal of directors) if Institutional Shareholder Services Inc. or Glass Lewis & Co., LLC recommends a vote (or the giving or withholding of a consent) inconsistent with the recommendation of the Board.
Each party agrees to customary mutual non-disparagement provisions.
Each party agrees not to institute any lawsuit against the other party, subject to certain exceptions including the seeking of remedies for a breach of the Cooperation Agreement.
The Cooperation Agreement will terminate on the earliest to occur of (1) 30 days prior to the director nomination notice deadline for the 2027 Annual Meeting, (2) 30 days prior to the second anniversary of the notice deadline under the Company’s Amended and Restated Bylaws for the nomination of director candidates for election to the Board at the 2025 annual meeting of the stockholders (the “2025 Annual Meeting”), (3) the closing of an Extraordinary Transaction and (4) 30 days following the earlier of (i) the later of (A) the Company’s 2026 annual meeting of stockholders and (B) any resignation by Mr. Fox from the Board, (ii) the removal of Mr. Fox from the Board or (iii) the Board making any proposal to remove Mr. Fox from the Board.



The summary above is qualified in its entirety by reference to the full text of the Cooperation Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
On June 24, 2025, the Board appointed Mr. Fox to the Board as a Class III director pursuant to the Cooperation Agreement described above in Item 1.01, effective June 26, 2025, to serve until his successor is duly elected and qualified. Also on June 24, 2025, the Board appointed Filip Gydé to the Board as a Class I director, effective June 26, 2025, to serve until his successor is duly elected and qualified. The Board also appointed Mr. Fox and Mr. Gydé to serve as members of the Company’s Compensation Committee. The Board has determined that each of Mr. Fox and Mr. Gydé is an independent director under applicable listing standards of The Nasdaq Stock Market LLC for service on the Board and that each of Mr. Fox and Mr. Gydé meet the additional independence and qualification requirements for compensation committee members under the Nasdaq Marketplace Rules and the Securities Exchange Act of 1934, as amended.
As non-employee directors, Mr. Fox and Mr. Gydé will receive compensation in the same manner as the Company’s other non-employee directors in accordance with the Company’s director compensation policy, which is attached as Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended February 25, 2023, filed with the Securities and Exchange Commission on April 6, 2023.
Each of Mr. Fox and Mr. Gydé will also enter into an indemnification agreement with the Company in the form previously approved by the Board and filed as Exhibit 10.26 to the Company’s Annual Report on Form 10-K for the year ended May 31, 2008, filed with the Securities and Exchange Commission on July 30, 2008.
Other than in connection with the Cooperation Agreement with respect to Mr. Fox, there is no arrangement or understanding between either Mr. Fox or Mr. Gydé and any other persons pursuant to which each was appointed as a director, and neither Mr. Fox nor Mr. Gydé has any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Also on June 30, 2025, the Company announced that, as part of the Board’s refreshment process, Anthony Cherbak and Neil Dimick will retire from the Board at the 2025 Annual Meeting; however each intend to remain on the Board for the remainder of their current term. These decisions were not related to any disagreement with the Company on any matter relating to its operations, policies, or practices.
Item 7.01 Regulation FD Disclosure.
On June 30, 2025, the Company issued a press release regarding the matters described above, which is furnished as Exhibit 99.1 to this report.
This information shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, 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
Cooperation Agreement, dated June 26, 2025, by and among Resources Connection, Inc., Circumference Group Holdings LLC, Circumference Group LL, CG Core Value GP LLC, CG Core Value Fund LP and Jeffery H. Fox
99.1
Press Release entitled RGP Announces Board Refreshment, issued June 30, 2025.
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: June 30, 2025By:
/s/ KATE W. DUCHENE
Kate W. Duchene
President and Chief Executive Officer

FAQ

What is Magnite (MGNI) disclosing in this Form 144?

The company reports an insider’s plan to sell 9,289 common shares worth about $204k on or after 06/30/2025.

Who is selling the shares according to the filing?

David Buonasera is listed as the selling shareholder under Rule 144.

How many Magnite shares has the insider sold recently?

The insider sold 12,395 shares in May 2025 and now plans to sell an additional 9,289 shares.

What percentage of Magnite’s outstanding shares does the planned sale represent?

Less than 0.01 % of the 141,110,559 shares outstanding.

Does the filing include any financial performance data?

No, Form 144 only details the intended sale; it contains no earnings or operational metrics.
Resources Connection

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