RESOURCES CONNECTION, INC.

RESOURCES CONNECTION, INC. (RGP) has entered into a new Revolving Credit, Guaranty and Security Agreement with PNC Bank, National Association, providing up to $30 million in secured revolving loans. This new facility, maturing on July 15, 2031, will be used for working capital, capital expenditures, and dividends, replacing the previously terminated 2025 Credit Agreement. Additionally, the Board reclassified Director Roger Carlile to achieve a more equal apportionment among its director classes.

Resources Connection, Inc. announced the retirement of A. Robert Pisano, Chair of the Board, and Robert Kistinger from its Board of Directors, effective prior to the 2026 Annual Meeting. Roger Carlile, the current CEO, will assume the role of Chair, and Susan Collyns will become the Lead Independent Director. Concurrently, the Board's size will be reduced from eight to six members. Additionally, the company revised its Director Compensation Policy, cutting the non-employee Chair's annual retainer by 50% to $125,000, a retainer Mr. Carlile will not receive as an employee.

Resources Connection, Inc.'s Board of Directors approved a quarterly cash dividend of $0.07 per share on the company's common stock. The dividend is scheduled for payment on May 21, 2026, to shareholders who are on record by the close of business on June 19, 2026. The Board plans to continue assessing and approving future dividends on a quarterly basis.

Resources Connection, Inc. (RGP) announced the divestiture of 100% of the membership interests of Sitrick Group, LLC to Sitrick, LLC. This strategic move is part of RGP's broader transformation initiative aimed at simplifying its business portfolio. The sale is expected to generate a purchase price between $1.4 million and $2.3 million, based on the agreed realizable value of Sitrick client receivables. Concurrently, RGP will make a $4 million cash payment to Michael Sitrick, Sitrick's chief executive officer, representing his contractual severance.