As filed with the Securities and Exchange Commission on December 1, 2022

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM S-8

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

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RESOURCES CONNECTION, INC.

(Exact name of registrant as specified in its charter)

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17101 Armstrong Avenue

Irvine, California 92614

(Address, including zip code, of Principal Executive Offices)

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Resources Connection, Inc. 2019 Employee Stock Purchase Plan

 (Full title of the plan)

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Lauren A. Elkerson

Chief Legal Officer

Resources Connection, Inc.

17101 Armstrong Avenue

Irvine, California 92614

(714) 430-6400

(Name, address and telephone number, including area code, of agent for service)

COPY TO:

 

Mark Peterson, Esq.

O’Melveny & Myers LLP

610 Newport Center Drive, Suite 1700

Newport Beach, California 92660

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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.

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 7(a)(2)(B) of the Securities Act.    □

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PART I

INFORMATION REQUIRED IN THE

SECTION 10(a) PROSPECTUS

 

The document(s) containing the information specified in Part I of Form S-8 will be sent or given to participants as specified by Rule 428(b)(1) promulgated under the Securities Act of 1933, as amended (the “Securities Act”).

 

PART II

 

INFORMATION REQUIRED IN THE

REGISTRATION STATEMENT

 

 

The following documents of Resources Connection, Inc., a Delaware corporation (the “Company” or the “Registrant”) filed with the Securities and Exchange Commission (the “Commission”) are incorporated herein by reference:

 

(a)

The Company’s Annual Report on Form 10-K for its fiscal year ended May 28, 2022, filed with the Commission on July 28, 2022 (Commission File No. 000-32113);

(b)

The Company’s Quarterly Report on Form 10-Q for its fiscal quarter ended August 27, 2022, filed with the Commission on October 6, 2022 (Commission File No. 000-32113);

(c)

The portions of the Company’s Definitive Proxy Statement on Schedule 14A, filed with the Commission on September 6, 2022, that are incorporated by reference in Part III of the Company’s Annual Report on Form 10-K for its fiscal year ended May 28, 2022 (each, Commission File No. 000-32113);

(d)

The Company’s Current Reports on Form 8-K, filed with the Commission on July 28, 2022 (with respect to item 8.01 only) and October 21, 2022 (each, Commission File No. 000-32113); and

(e)

The description of the Company’s common stock, par value $0.01 per share (the “Common Stock”), contained in its Registration Statement on Form 8-A, filed with the Commission on December 12, 2000 (Commission File No. 000-32113), which incorporates such description from the Company’s Registration Statement on Form S-1, filed with the Commission on September 1, 2000 (Commission File No. 333-45000), which description is also incorporated herein by reference, as updated by Exhibit 4.2 to the Company’s Annual Report on Form 10-K for its fiscal year ended May 30, 2020, filed with the Commission on July 27, 2020 (Commission File No. 000-32113), and any other amendment or report filed for the purpose of updating such description.

All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the date of filing of such documents; provided, however, that documents or information deemed to have been furnished and not filed in accordance with Commission rules shall not be deemed incorporated by reference into this Registration Statement.  Any statement contained herein or in a document, all or a portion of which is incorporated or deemed to be incorporated by reference herein, shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement.  Any such statement so modified or superseded shall not be deemed, except as so modified or amended, to constitute a part of this Registration Statement.

 

 

Not applicable.

 

 

The validity of the issuance of Common Stock registered hereby is passed on for the Company by Lauren A. Elkerson.  Ms. Elkerson is the Chief Legal Officer of the Company and is compensated by the Company as an employee.  Ms. Elkerson owns 6,091 shares of Common Stock, 36,323 restricted stock units (with performance-based stock units included based on the “target” level of performance) that are payable in an equivalent number of shares of Common Stock, and Company stock options to acquire up to an additional 4,400 shares of Common Stock.  Such equity awards were granted under the Company’s 2020 Performance Incentive Plan and 2014 Performance Incentive Plan.  Ms. Elkerson is also eligible to participate in the Resources Connection, Inc. 2019 Employee Stock Purchase Plan.

 

 

Under Section 145 of the Delaware General Corporation Law (the “Delaware Law”), the Company has broad powers to indemnify its directors and officers against liabilities they may incur in such capacities, including liabilities under the Securities Act.

 

The Company’s Amended and Restated Certificate of Incorporation and Third Amended and Restated Bylaws include provisions to (i) eliminate the personal liability of its directors and officers for monetary damages resulting from breaches of their fiduciary duty to the extent permitted by Section 102(b)(7) of the Delaware Law and (ii) require the Company to indemnify its directors and officers to the fullest extent permitted by Section 145 of the Delaware Law, including circumstances in which indemnification is otherwise discretionary.  Pursuant to Section 145 of the Delaware Law, a corporation generally has the power to indemnify its present and former directors, officers, employees and agents against expenses incurred by them in connection with any suit to which they are or are threatened to be made, a party by reason of their serving in such positions so long as they acted in good faith and in a manner they reasonably believed to be in, or not opposed to, the best interests of the corporation and with respect to any criminal action, they had no reasonable cause to believe their conduct was unlawful.  The Company believes these provisions are necessary to attract and retain qualified persons as directors and officers.  These provisions do not eliminate the directors’ duty of care, and, in appropriate circumstances, equitable remedies such as injunctive or other forms of non-monetary relief will remain available under Delaware Law.  In addition, each director will continue to be subject to liability for breach of the director’s duty of loyalty to the Company, for acts or omissions not in good faith or involving intentional misconduct, for knowing violations of law, for acts or omissions the director believes to be contrary to the best interests of the Company or its stockholders, for any transaction from which the director derived an improper personal benefit, for acts or omissions involving a reckless disregard for the director’s duty to the Company or its stockholders when the director was aware or should have been aware of a risk of serious injury to the Company or its stockholders, for acts or omissions that constitute an unexcused pattern of inattention that amounts to an abdication of the director’s duty to the Company or its stockholders, for improper transactions between the director and the Company and for improper distributions to stockholders and loans to directors and officers.  The provision also does not affect a director’s responsibilities under any other law, such as federal securities laws or state or federal environmental laws.

 

The Company has obtained an insurance policy covering the officers and directors of the Company with respect to certain liabilities (including, without limitation, liabilities arising under the Securities Act).

 

The Company has entered into indemnification agreements with the Company’s directors and officers.  The form of indemnification agreement is filed as Exhibit 10.26 to the Company’s Annual Report on Form 10-K for its fiscal year ended May 31, 2008 (Commission File No. 000-32113).  These agreements provide broader indemnity rights than those provided under Delaware Law and under the Company’s Amended and Restated Certificate of Incorporation and Third Amended and Restated Bylaws.  The indemnification agreements are not intended to deny or otherwise limit third party or derivative suits against the Company or the Company’s directors or officers, but to the extent a director or officer were entitled to indemnity or contribution under the indemnification agreement, the financial burden of a third party suit would be borne by the Company, and the Company would not benefit from derivative recoveries against the director or officer.  Such recoveries would accrue to the benefit of the Company but would be offset by the Company’s obligations to the director or officer under the indemnification agreement.

 

The above discussion of Delaware Law, the Company’s Amended and Restated Certificate of Incorporation and Third Amended and Restated Bylaws, and the Company’s indemnification agreements with officers and directors, is not intended to be exhaustive and is qualified in its entirety by such statute, Amended and Restated Certificate of Incorporation, Third Amended and Restated Bylaws, and form of such indemnification agreement.

 

 

Not applicable.

 

 

See the attached Exhibit Index at page 7, which is incorporated herein by reference.

 

 

(a)         The undersigned Registrant hereby undertakes:

 

 

(i)          To include any prospectus required by Section 10(a)(3) of the Securities Act;

 

(ii)         To reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement;

 

(iii)        To include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement;

 

 

(b)          The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant’s annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

 

(h)         Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the provisions described in Item 6 above, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.  In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

 

EXHIBIT INDEX

 

SIGNATURES

 

Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Form S-8 Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Irvine, State of California, on December 1, 2022.

 

Signature		Title		Date
/s/ Kate W. Duchene		President, Chief Executive Officer and Director		November 19, 2022
Kate W. Duchene		(Principal Executive Officer)
/s/ Jennifer Y. Ryu		Executive Vice President and Chief Financial Officer		November 19, 2022
Jennifer Y. Ryu		(Principal Financial and Accounting Officer)
/s/ Anthony C. Cherbak		Director		November 17, 2022
Anthony C. Cherbak
_________________		Director		____________, 2022
Neil F. Dimick
/s/ Robert F. Kistinger		Director		November 17, 2022
Robert F. Kistinger
/s/ Marco von Maltzan		Director		November 17, 2022
Marco von Maltzan
/s/ Donald B. Murray		Director		November 17, 2022
Donald B. Murray
/s/ Lisa Pierozzi		Director		November 20, 2022
Lisa Pierozzi
/s/ A. Robert Pisano		Director		November 17, 2022
A. Robert Pisano
/s/ Jolene S. Sarkis		Director		November 17, 2022
Jolene S. Sarkis
/s/ David P. White		Director		November 17, 2022
David P. White

 

EXHIBIT 5.1

 

December 1, 2022

Resources Connection, Inc.

17101 Armstrong Avenue

Irvine, California 92614

Re:          Registration of Securities of Resources Connection, Inc.

Ladies and Gentlemen:

In connection with the registration of up to 1,500,000 shares of Common Stock of Resources Connection, Inc., a Delaware corporation (the “Company”), par value $0.01 per share (the “Shares”), under the Securities Act of 1933, as amended, pursuant to a Registration Statement on Form S-8 (the “Registration Statement”), filed with the Securities and Exchange Commission on or about the date hereof, that may be issued or delivered pursuant to the Resources Connection, Inc. 2019 Employee Stock Purchase Plan (as amended, the “ESPP”), you have requested my opinion set forth below.

 

In my capacity as counsel, I have examined originals or copies of those corporate and other records of the Company I considered appropriate.

 

On the basis of such examination and my consideration of those questions of law I considered relevant, and subject to the limitations and qualifications in this opinion, I am of the opinion that the Shares have been duly authorized by all necessary corporate action on the part of the Company and, when issued in accordance with such authorization, the provisions of the ESPP and relevant agreements duly authorized by and in accordance with the terms of the ESPP, and upon payment for and delivery of the Shares as contemplated in accordance with the ESPP, and either (a) the countersigning of the certificate or certificates representing the Shares by a duly authorized signatory of the registrar for the Company’s Common Stock, or (b) the book-entry of the Shares by the transfer agent for the Company’s Common Stock in the name of The Depository Trust Company or its nominee, the Shares will be validly issued, fully paid and non-assessable.

 

I consent to your filing this opinion as an exhibit to the Registration Statement.

 

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EXHIBIT 23.1

Consent of Independent Registered Public Accounting Firm

We consent to the incorporation by reference in this Registration Statement on Form S-8 of Resources Connection, Inc. of our reports dated July 28, 2022, relating to the consolidated financial statements and the effectiveness of internal control over financial reporting of Resources Connection, Inc., appearing in the Annual Report on Form 10-K of Resources Connection, Inc. for the year ended May 28, 2022.

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Security Type	Security Class Title	Fee Calculation Rule	Amount Registered(1)	Proposed Maximum Offering Price Per Unit(2)	Maximum Aggregate Offering Price(2)	Fee Rate	Amount of Registration Fee
Equity	Common Stock, $0.01 par value per share, issuable pursuant to the Registrant’s 2019 Employee Stock Purchase Plan	Rule 457(c) and Rule 457(h)	1,500,000	$19.16	$28,740,000	0.0001102	$3,167.15
Total Offering Amounts					$28,740,000		$3,167.15
Total Fee Offsets							$0
Net Fee Due							$3,167.15

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