Poplar Point lifts Resources Connection (RGP) stake to 7.8% with new buys

Rhea-AI Filing Summary

Resources Connection, Inc. (RGP) received an updated ownership report showing that Poplar Point Capital Management LLC and related entities, led by Jad Fakhry, beneficially own 2,611,473 shares of common stock, representing 7.8% of the company. Poplar Point Capital Partners LP and Poplar Point Capital GP LLC each report beneficial ownership of 1,469,786 shares, or 4.4% of the stock. The position is held for investment and was built using working capital.

The filing states the holding may have the purpose or effect of control and that the investors have been, and intend to continue, discussing reductions in corporate overhead and potential divestitures of non-core assets with the company’s management, board, and other shareholders. Recent purchases between late January and late March 2026 were made at share prices ranging from $3.46 to $4.35, indicating active accumulation over this period.

Insights

Activist investing analyst

Poplar Point has built a 7.8% stake in RGP and is signaling potential activist involvement.

Poplar Point Capital Management LLC and related entities, overseen by Jad Fakhry, now report beneficial ownership of 2,611,473 Resources Connection shares, or 7.8% of the company’s common stock. The position is funded with working capital and described as an investment holding.

The filing notes that this ownership level may have the purpose or effect of control and that the investors are engaging management, the board, and other shareholders about reducing corporate overhead and considering divestitures of non-core assets. That language aligns with a constructive but potentially activist posture focused on cost structure and portfolio mix.

The report lists a series of open‑market purchases from January 29, 2026 through March 25, 2026 at prices between $3.46 and $4.35 per share, indicating ongoing accumulation rather than a one‑time block trade. Future company disclosures will show whether these discussions lead to concrete changes in expenses, asset sales, or governance.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

RESOURCES CONNECTION, INC.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

76122Q105

(CUSIP Number)

Jad Fakhry
330 PRIMROSE RD, SUITE 400
BURLINGAME, CA, 94010
650-239-9049

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

03/25/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 76122Q105

1

Name of reporting person

Poplar Point Capital Management LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,611,473.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,611,473.00

11

Aggregate amount beneficially owned by each reporting person

2,611,473.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.8 %

14

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13D

CUSIP Number(s): 76122Q105

1

Name of reporting person

Poplar Point Capital Partners LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,469,786.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,469,786.00

11

Aggregate amount beneficially owned by each reporting person

1,469,786.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.4 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 76122Q105

1

Name of reporting person

Poplar Point Capital GP LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,469,786.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,469,786.00

11

Aggregate amount beneficially owned by each reporting person

1,469,786.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.4 %

14

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13D

CUSIP Number(s): 76122Q105

1

Name of reporting person

Jad Fakhry

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,611,473.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,611,473.00

11

Aggregate amount beneficially owned by each reporting person

2,611,473.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.8 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.01 per share
(b)	Name of Issuer: RESOURCES CONNECTION, INC.
(c)	Address of Issuer's Principal Executive Offices: 15950 NORTH DALLAS PARKWAY, SUITE 330, DALLAS, TEXAS , 75248.
Item 1 Comment: The securities to which this statement on Schedule 13D (this 'Statement') relates are the shares with par value of $0.01 per share for Resources Connection, Inc. The address of the principal executive office of the Issuer is 15950 North Dallas Parkway, Suite 330, Dallas, TX, 75248.
Item 2.	Identity and Background
(a)	(i) Poplar Point Capital Management LLC ("Poplar Point"), is a Delaware corporation, who serves as the investment adviser to Poplar Point Capital Partners LP); (ii) Poplar Point Capital Partners LP is a Delaware limited partnership; (iii) Poplar Point Capital GP LLC is a Delaware corporation; (iv) Jad Fakhry ("Mr. Fakhry") serves as the Mananger for Poplar Point. Poplar Point, Poplar Point Capital Partners LP, Poplar Point Capital GP LLC, and Mr. Fakhry are referred to collectively as the "Reporting Persons."
(b)	The address of the principal business and principal office of each of the Reporting Persons is: 330 Primrose Road, Suite 400 Burlingame, CA 94010
(c)	The principal business of each Poplar Point, Poplar Point Capital Partners LP, and Poplar Point Capital GP LLC is investing securities. The principal occupation of Mr. Fakhry is serving as the Manager of Poplar Point.
(d)	During the past five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	During the past five years, none of the Reporting Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	Poplar Point is a Delaware corporation. Poplar Point Capital Partners LP is a Delaware limited partnership. Poplar Point Capital GP LLC is a Delaware corporation. Mr. Fakhry is a citizen of the United States of America.
Item 3.	Source and Amount of Funds or Other Consideration
	PPCM directly holds 2,611,473 shares of Common Stock. Consideration for these assets came from working capital of PPCM.
Item 4.	Purpose of Transaction
	The purpose of the acquisition of Common Stock is for investment, and the acquisitions of Common Stock were made in the ordinary course of business. Given the Reporting Persons ownership percentage of the Issuer, the Reporting Persons' holding of Common Stock may have the purpose or effect of control. The Reporting Persons have had and intend to continue to have discussions with the management and board of directors of the Issuer and other stockholders concerning reductions in the Issuer's corporate overhead expenses and potential divestitures of non-core assets. The foregoing is subject to change at any time, without notice, and there can be no assurance that the Reporting Persons will take any of the actions set forth above. The Reporting Persons intend to review their respective investment in the Issuer on a continuing basis and may from time to time and at any time in the future, depending on various factors, including, without limitation, the outcome of any discussions referenced above, the Issuer's financial position and strategic direction, actions taken by the board, price levels of shares of Common Stock, other investment opportunities available to the Reporting Persons, conditions in the securities market and general economic and industry conditions, take such actions with respect to the investment in the Issuer as they deem appropriate. Except as otherwise described above in this Item 4, the Reporting Persons currently have no plan(s) or proposal(s) that relate to, or would result, in any of the events or transactions described in Item 4(a) through (j) of Schedule 13D, although each of the Reporting Persons reserves the right to formulate such plans or proposals in the future.
Item 5.	Interest in Securities of the Issuer
(a)	(i) PPCM 2,611,473 7.80% (ii) PPCP 1,469,786 4.40% (iii) PPCGP 1,469,786 4.40% (iv) Jad Fakhry 2,611,473 7.80%
(b)	(i) PPCM Sole Voting Power - 0 Shared Voting Power - 2,611,473 Sole Dispositive Power - 0 Shared Dispositive Power - 2,611,473 (ii) PPCP Sole Voting Power - 0 Shared Voting Power - 1,469,786 Sole Dispositive Power - 0 Shared Dispositive Power - 1,469,786 (iii) PPCGP Sole Voting Power - 0 Shared Voting Power - 1,469,786 Sole Dispositive Power - 0 Shared Dispositive Power - 1,469,786 (iv) Jad Fakhry Sole Voting Power - 0 Shared Voting Power - 2,611,473 Sole Dispositive Power - 0 Shared Dispositive Power - 2,611,473
(c)	In the past 60 days, the following transactions were effected by the Reporting Persons, in normal course of business: SMA: 01/29/2026 - Purchased 30,000 of shares at a price of $4.35 02/11/2026 - Purchased 6,450 of shares at a price of $4.12 02/12/2026 - Purchased 4,178 of shares at a price of $3.88 02/17/2026 - Purchased 2,150 of shares at a price of $3.74 02/23/2026 - Purchased 9,720 of shares at a price of $3.58 03/09/2026 - Purchased 818 of shares at a price of $3.46 03/09/2026 - Purchased 4,300 of shares at a price of $3.55 03/23/2026 - Purchased 11,853 of shares at a price of $3.65 03/25/2026 - Purchased 232 of shares at a price of $3.58 Fund: 01/29/2026 - Purchased 17,926 of shares at a price of $4.26 02/11/2026 - Purchased 8,550 of shares at a price of $4.12 02/12/2026 - Purchased 5,538 of shares at a price of $3.88 02/17/2026 - Purchased 2,850 of shares at a price of $3.74 02/23/2026 - Purchased 12,884 of shares at a price of $3.58 03/09/2026 - Purchased 1,085 of shares at a price of $3.46 03/09/2026 - Purchased 5,700 of shares at a price of $3.55 03/23/2026 - Purchased 15,712 of shares at a price of $3.65 03/25/2026 - Purchased 308 of shares at a price of $3.58
(d)	No other person is known to the Reporting Persons to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock covered by this Statement.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Other than as described herein, to the knowledge of the Reporting Persons, there are no contracts, arrangements, understandings or relationships, legal or otherwise, among the Reporting Persons or between the Reporting Persons and any other persons with respect to any securities of the Issuer, including but not limited to transfer or voting of any of the securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.
Item 7.	Material to be Filed as Exhibits.
	N/A

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Poplar Point Capital Management LLC

Signature:	/s/ Jad Fakhry
Name/Title:	Jad Fakhry, Manager
Date:	03/27/2026

Poplar Point Capital Partners LP

Signature:	/s/ Jad Fakhry
Name/Title:	Jad Fakhry, Manager
Date:	03/27/2026

Poplar Point Capital GP LLC

Signature:	/s/ Jad Fakhry
Name/Title:	Jad Fakhry, Manager
Date:	03/27/2026

Jad Fakhry

Signature:	/s/ Jad Fakhry
Name/Title:	Jad Fakhry, Manager
Date:	03/27/2026

Comments accompanying signature:

N/A

FAQ

How large is Poplar Point’s stake in Resources Connection (RGP)?

Poplar Point Capital Management LLC and related entities beneficially own 2,611,473 Resources Connection shares, representing about 7.8% of the company’s common stock. This level makes them a significant shareholder with potential influence over strategic discussions.

What are Poplar Point’s main objectives with its RGP investment?

The investment is described as being for general investment purposes, but the filing says the holding may have the purpose or effect of control. Poplar Point is discussing lower corporate overhead and possible divestitures of non-core assets with management, the board, and other shareholders.

Which Poplar Point entities report ownership of RGP shares and in what amounts?

Poplar Point Capital Management LLC and Jad Fakhry each report beneficial ownership of 2,611,473 RGP shares (7.8%). Poplar Point Capital Partners LP and Poplar Point Capital GP LLC each report 1,469,786 shares, or 4.4% of the common stock, reflecting overlapping control relationships.

What recent trading activity in RGP shares did Poplar Point disclose?

The filing lists multiple open-market purchases between January 29 and March 25, 2026. Reported trade prices range from $3.46 to $4.35 per share, with both separately managed accounts and a fund accumulating shares during this period in the normal course of business.

How might Poplar Point influence Resources Connection’s strategy?

With a 7.8% beneficial stake, Poplar Point could exert meaningful influence, especially if aligned with other shareholders. The group is already engaging management and the board regarding cost reductions and potential divestitures of non-core assets, which could affect RGP’s expense structure and portfolio.

What voting and dispositive power does Poplar Point report over RGP shares?

Poplar Point Capital Management LLC and Jad Fakhry each report shared voting and shared dispositive power over 2,611,473 RGP shares, with no sole power. Related entities Poplar Point Capital Partners LP and Poplar Point Capital GP LLC each report shared voting and dispositive power over 1,469,786 shares.