Short answer
RESOURCES CONNECTION, INC. (RGP) filed an 8-K current report with the SEC on March 4, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). COO Bhadreskumar Patel departing May 15, 2026; role eliminated: no replacement planned.
RESOURCES CONNECTION, INC. 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- COO Bhadreskumar Patel departing May 15, 2026; role eliminated: no replacement planned
- Business unit Presidents will report directly to CEO Roger Carlile post-separation, flattening management structure
- Severance: $1.65M lump sum cash (1.5x base salary + target bonus) payable within 60 days of separation
- All unvested equity awards (RSUs and PRSUs at target) accelerate fully upon departure
- Cost reduction offset by one-time severance outlay; org restructuring signals leaner executive layer
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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