Resources Connection Inc.
02/09/2026 | Press release | Distributed by Public on 02/09/2026 15:11
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 6, 2026, Resources Connection, Inc. (the "Company") entered into a Retention Agreement with Jennifer Ryu (the "Retention Agreement") in order to support leadership continuity and the ongoing success of the Company. The Retention Agreement provides for a retention payment of $125,000 to be paid to Ms. Ryu on each of July 31, 2026, January 31, 2028 and January 31, 2029, subject to Ms. Ryu's continued employment by the Company through the applicable payment date. If Ms. Ryu's employment is terminated by the Company without Cause (as such term is defined in the Employment Agreement between Ms. Ryu and the Company), subject to Ms. Ryu providing a general release of claims in favor of the Company, Ms. Ryu will be entitled to receive the remaining unpaid portion of the retention payments. In addition, if a Change in Control Event occurs (as such term is defined in the Company's 2020 Performance Incentive Plan), Ms. Ryu will be entitled to receive the remaining unpaid portion of the retention payments. The Retention Agreement provides that, should benefits payable to Ms. Ryu trigger excise taxes under Section 4999 of the Internal Revenue Code, Ms. Ryu will either be entitled to the full amount of her benefits or, if a cut-back in the benefits would result in greater net (after-tax) benefit to Ms. Ryu, the benefits will be cut-back to the extent necessary to avoid such excise taxes. The Retention Agreement does not provide for a Company tax "gross-up" payment to make Ms. Ryu whole for any such taxes.
The foregoing summary of the Retention Agreement is qualified in its entirety by reference to the full text of the Retention Agreement, which is attached hereto as Exhibit 10.1, and is incorporated in this Item 5.02 by reference.
Resources Connection Inc. published this content on February 09, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on February 09, 2026 at 21:11 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]