RESOURCES CONNECTION, INC.
For the period ended May 31, 2025. Filed Sep 4, 2025.
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May 31, 2025 · Filed Sep 4, 2025
Contents
Use of Peer Group Data
The individual compensation elements of our program are intended to create a total compensation package for each NEO that we believe achieves our compensation objectives and provides competitive compensation opportunities relative to companies in our comparative peer group.
For fiscal 2025, as is its annual practice, the Compensation Committee reviewed the composition of the Company’s peer group to help ensure its alignment with the Company’s size, practice areas, business model delivery and geographic reach. The Compensation Committee reviews the composition of the peer group each year and approves any change to the peer group. After a review of both our peers in the marketplace and those that major advisory firms, such as Institutional Shareholder Services (“ISS”), include in our services sector peer group, the Compensation Committee determined that for the peer group used for fiscal 2025 executive compensation decisions: (i) FTI Consulting, Inc. should be removed from our peer group as they have significantly larger revenue and market capitalization compared to the Company and (ii) Upwork, Inc. and Willdan Group, Inc. should be added to our peer group as they are closer in size and industry to the Company. For fiscal 2025, the peer group consisted of the following eleven professional services companies, and we believe it reflects the competitive landscape in which the Company operates and competes for talent.
| Peer Group Companies | ||
| Barrett Business Services, Inc. | CBIZ, Inc. | CRA International, Inc. |
| Heidrick & Struggles International, Inc. | Huron Consulting Group, Inc. | ICF International, Inc. |
| Kforce, Inc. | Korn Ferry | Mistras Group, Inc. |
| Upwork Inc. | Willdan Group, Inc. | |
rgp. 2025 Proxy Statement — 45
| COMPENSATION DISCUSSION AND ANALYSIS | TABLE OF CONTENTS |
|---|
The chart below contains information on revenue, market capitalization and employee head count for our named peer group(1).
| Company Name | Performance Data Date | Annual Revenue($MM) | Market Cap($MM) | Number of Employees(#) |
|---|---|---|---|---|
| Barrett Business Services, Inc. | 12/31/24 | 1,144.5 | 1,211.3 | 135,727 |
| CBIZ, Inc. | 12/31/24 | 1,813.5 | 3,352.4 | 10,000 |
| CRA International, Inc. | 12/31/24 | 687.4 | 1,227.4 | 946 |
| Heidrick & Struggles International, Inc. | 12/31/24 | 1,115.7 | 938.1 | 2,201 |
| Huron Consulting Group, Inc. | 12/31/24 | 1,521.8 | 2,134.6 | 7,230 |
| ICF International, Inc. | 12/31/24 | 2,019.8 | 1,747.8 | 7,998 |
| Kforce, Inc. | 12/31/24 | 1,405.3 | 564.9 | 1,700 |
| Korn Ferry | 4/30/25 | 2,761.1 | 3,754.5 | 9,253 |
| Mistras Group, Inc. | 12/31/24 | 729.6 | 275.3 | 4,800 |
| Upwork Inc. | 12/31/24 | 769.3 | 1,746.4 | 600 |
| Willdan Group, Inc. | 12/31/24 | 565.8 | 1,660.5 | 1,761 |
| Resources Connection, Inc. | 5/31/25 | 551.3 | 153.4 | 3,055 |
(1)The information contained in the chart was obtained from Equilar and based on each peer group company’s public filings. Annual revenue is presented for each peer company for the fiscal year ended as of the performance data date indicated above. Market capitalization information is presented based on the closing trading price for each company’s common stock at its fiscal year-end as of the performance data date indicated above.
In addition to the peer group data, the Compensation Committee also reviews summary statistical information from survey data about general industry practices in private companies and partnerships with which we compete for talent. In reviewing this information, the Compensation Committee does not focus on any one company included in the surveys to make its decisions.
Our compensation evaluation process generally involves comparing the base salaries, annual incentive compensation opportunities, total cash compensation and long-term equity incentive opportunities provided to our NEOs to similar compensation opportunities provided to comparable executives at our peer group companies. Although these benchmarks and other survey data represent useful background, the Compensation Committee exercises its judgment and discretion in setting individual executive compensation packages. This data is used by the Compensation Committee, not to set specific targets vis-à-vis peer company executives, but to assess as background data in determining what it considers in its judgment to be fair and reasonable pay practices for our NEOs. Our Company operates what we believe is a unique compensation program that reinforces a team-based culture and rewards NEOs for Company and team-based results as well as particular individual achievements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.