RESOURCES CONNECTION INC
For the period ended Feb 24, 2024. Filed Apr 4, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Feb 24, 2024 · Filed Apr 4, 2024
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-Q
(Mark One)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended February 24, 2024
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ______ to______
Commission File Number:0-32113
(Exact Name of Registrant as Specified in Its Charter)
| Delaware | 33-0832424 |
|---|---|
| (State or Other Jurisdiction ofIncorporation or Organization) | (I.R.S. EmployerIdentification No.) |
17101 Armstrong Avenue, Irvine, California 92614
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code:(714)430-6400
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of Exchange on Which Registered |
|---|---|---|
| Common stock, par value $0.01 per share | RGP | The Nasdaq Stock Market LLC (Nasdaq Global Select Market) |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | | Accelerated filer | |
|---|---|---|---|
| Non-accelerated filer | | Smaller reporting company | |
| Emerging growth company | ☐ | ||
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.☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.
As of March 28, 2024,33,807,459 shares of the registrant’s common stock, $0.01 par value per share, were outstanding.
INDEX
| Page | ||
|---|---|---|
| PART I—FINANCIAL INFORMATION | ||
| ITEM 1. | Consolidated Financial Statements (Unaudited) | 3 |
| Consolidated Balance Sheets as of February 24, 2024 and May 27, 2023 | 3 | |
| Consolidated Statements of Operations for the Three and Nine Months Ended February 24, 2024 and February 25, 2023 | 4 | |
| Consolidated Statements of Comprehensive Income for the Three and Nine Months Ended February 24, 2024 and February 25, 2023 | 5 | |
| Consolidated Statements of Stockholders’ Equity for the Three and Nine Months Ended February 24, 2024 and February 25, 2023 | 6 | |
| Consolidated Statements of Cash Flows for the Nine Months Ended February 24, 2024 and February 25, 2023 | 8 | |
| Notes to Consolidated Financial Statements | 9 | |
| ITEM 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 22 |
| ITEM 3. | Quantitative and Qualitative Disclosures About Market Risk | 35 |
| ITEM 4. | Controls and Procedures | 36 |
| PART II—OTHER INFORMATION | ||
| ITEM 1A. | Risk Factors | 37 |
| ITEM 5. | Other Information | 37 |
| ITEM 6. | Exhibits | 38 |
| Signatures | 38 | |
PART I—FINANCIAL INFORMATION
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.