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[8-K] Resources Connection Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Business First Bancshares, Inc. (BFST) has submitted a Form 144 notice covering a planned sale of 5,164 common shares via Morgan Stanley Smith Barney on or about 04 Aug 2025. The stock originated from six restricted-stock grants received between 2021-2025. At the filing’s stated aggregate market value of $119,186, the implied sale price is roughly $23.07 per share.

The block equals just 0.017 % of the company’s 29.7 million shares outstanding, indicating negligible dilution or ownership impact. No other insider sales were reported in the preceding three months, and the filer certifies awareness of no undisclosed material information. The document contains no operational or financial performance data and does not identify the seller’s remaining stake.

Business First Bancshares, Inc. (BFST) ha presentato un avviso Form 144 relativo a una vendita pianificata di 5.164 azioni ordinarie tramite Morgan Stanley Smith Barney intorno al 04 agosto 2025. Le azioni provengono da sei assegnazioni di azioni vincolate ricevute tra il 2021 e il 2025. Al valore di mercato aggregato dichiarato nella segnalazione di 119.186 $, il prezzo di vendita implicito è di circa 23,07 $ per azione.

Il blocco rappresenta solo lo 0,017 % delle 29,7 milioni di azioni in circolazione della società, indicando un impatto trascurabile su diluizione o proprietà. Nessuna altra vendita da parte di insider è stata segnalata nei tre mesi precedenti e il dichiarante conferma di non essere a conoscenza di informazioni materiali non divulgate. Il documento non contiene dati operativi o finanziari e non indica la quota residua del venditore.

Business First Bancshares, Inc. (BFST) ha presentado un aviso Formulario 144 para una venta planificada de 5,164 acciones comunes a través de Morgan Stanley Smith Barney aproximadamente el 04 de agosto de 2025. Las acciones provienen de seis concesiones de acciones restringidas recibidas entre 2021 y 2025. Con un valor de mercado agregado declarado de $119,186, el precio de venta implícito es aproximadamente $23.07 por acción.

El bloque equivale a solo el 0.017 % de las 29.7 millones de acciones en circulación de la empresa, lo que indica un impacto insignificante en la dilución o propiedad. No se reportaron otras ventas de insider en los tres meses previos, y el declarante certifica no tener conocimiento de información material no divulgada. El documento no contiene datos operativos o financieros ni identifica la participación restante del vendedor.

Business First Bancshares, Inc. (BFST)� Morgan Stanley Smith Barney� 통해 2025� 8� 4일경� 5,164� 보통� 판매 계획� 관� Form 144 공시� 제출했습니다. 해당 주식은 2021년부� 2025� 사이� 받은 6건의 제한 주식 부여에� 기인합니�. 신고서에 명시� � 시장 가� 119,186달러� 기준으로, 주당 판매 가격은 � 23.07달러입니�.

� 매도 물량은 회사� 2,970� � 발행 주식 � � 0.017%� 해당하여 희석 효과� 소유권에 미치� 영향� 거의 없습니다. 최근 3개월 � 다른 내부� 매도� 보고되지 않았으며, 신고자는 공개되지 않은 중요� 정보� 알고 있지 않음� 인증합니�. 문서에는 운영이나 재무 성과 데이터가 포함되어 있지 않으�, 판매자의 남은 지분도 명시하지 않습니다.

Business First Bancshares, Inc. (BFST) a soumis un avis Formulaire 144 concernant une vente prévue de 5 164 actions ordinaires via Morgan Stanley Smith Barney aux alentours du 04 août 2025. Les actions proviennent de six attributions d’actions restreintes reçues entre 2021 et 2025. Avec une valeur marchande agrégée déclarée de 119 186 $, le prix de vente implicite est d’environ 23,07 $ par action.

Le bloc représente seulement 0,017 % des 29,7 millions d’actions en circulation de la société, indiquant une dilution ou un impact sur la propriété négligeable. Aucune autre vente d’initiés n’a été signalée au cours des trois derniers mois, et le déclarant certifie ne pas avoir connaissance d’informations matérielles non divulguées. Le document ne contient aucune donnée opérationnelle ou financière et n’identifie pas la participation restante du vendeur.

Business First Bancshares, Inc. (BFST) hat eine Form 144-Meldung für einen geplanten Verkauf von 5.164 Stammaktien über Morgan Stanley Smith Barney um den 04. August 2025 eingereicht. Die Aktien stammen aus sechs Restricted-Stock-Zuteilungen, die zwischen 2021 und 2025 erhalten wurden. Der in der Meldung angegebene Gesamtmarktwert von 119.186 $ impliziert einen Verkaufspreis von etwa 23,07 $ pro Aktie.

Das Paket entspricht lediglich 0,017 % der 29,7 Millionen ausstehenden Aktien des Unternehmens, was auf eine vernachlässigbare Verwässerung oder Eigentumsauswirkung hinweist. In den vorangegangenen drei Monaten wurden keine weiteren Insiderverkäufe gemeldet, und der Einreicher bestätigt, keine nicht offengelegten wesentlichen Informationen zu besitzen. Das Dokument enthält keine operativen oder finanziellen Leistungsdaten und gibt keinen Aufschluss über den verbleibenden Anteil des Verkäufers.

Positive
  • None.
Negative
  • Insider intends to sell shares, which can be perceived negatively for sentiment even though the amount is immaterial.

Insights

TL;DR: Small insider sale (0.017 % float)—immaterial to BFST fundamentals; sentiment slightly negative but overall neutral impact.

The Form 144 discloses an intended sale worth roughly $119k. Scale is de-minimis relative to BFST’s market capitalization, so it should not alter valuation metrics or liquidity. Still, insider selling—especially of recently vested restricted stock—can be interpreted as modestly bearish on near-term price. Absence of other sales and the Rule 144 attestation reduce concern. Overall, I view this as a routine, non-material filing.

TL;DR: Filing meets compliance; sale volume trivial; governance risk minimal.

The notice follows proper Rule 144 procedures, providing full acquisition history and broker details. Seller’s representation of no undisclosed adverse information mitigates governance worries. Because the shares stem from equity compensation and the stake is tiny, I classify the event as standard insider liquidity rather than a strategic exit. Investors should monitor future filings for pattern shifts, but this single action is not impactful.

Business First Bancshares, Inc. (BFST) ha presentato un avviso Form 144 relativo a una vendita pianificata di 5.164 azioni ordinarie tramite Morgan Stanley Smith Barney intorno al 04 agosto 2025. Le azioni provengono da sei assegnazioni di azioni vincolate ricevute tra il 2021 e il 2025. Al valore di mercato aggregato dichiarato nella segnalazione di 119.186 $, il prezzo di vendita implicito è di circa 23,07 $ per azione.

Il blocco rappresenta solo lo 0,017 % delle 29,7 milioni di azioni in circolazione della società, indicando un impatto trascurabile su diluizione o proprietà. Nessuna altra vendita da parte di insider è stata segnalata nei tre mesi precedenti e il dichiarante conferma di non essere a conoscenza di informazioni materiali non divulgate. Il documento non contiene dati operativi o finanziari e non indica la quota residua del venditore.

Business First Bancshares, Inc. (BFST) ha presentado un aviso Formulario 144 para una venta planificada de 5,164 acciones comunes a través de Morgan Stanley Smith Barney aproximadamente el 04 de agosto de 2025. Las acciones provienen de seis concesiones de acciones restringidas recibidas entre 2021 y 2025. Con un valor de mercado agregado declarado de $119,186, el precio de venta implícito es aproximadamente $23.07 por acción.

El bloque equivale a solo el 0.017 % de las 29.7 millones de acciones en circulación de la empresa, lo que indica un impacto insignificante en la dilución o propiedad. No se reportaron otras ventas de insider en los tres meses previos, y el declarante certifica no tener conocimiento de información material no divulgada. El documento no contiene datos operativos o financieros ni identifica la participación restante del vendedor.

Business First Bancshares, Inc. (BFST)� Morgan Stanley Smith Barney� 통해 2025� 8� 4일경� 5,164� 보통� 판매 계획� 관� Form 144 공시� 제출했습니다. 해당 주식은 2021년부� 2025� 사이� 받은 6건의 제한 주식 부여에� 기인합니�. 신고서에 명시� � 시장 가� 119,186달러� 기준으로, 주당 판매 가격은 � 23.07달러입니�.

� 매도 물량은 회사� 2,970� � 발행 주식 � � 0.017%� 해당하여 희석 효과� 소유권에 미치� 영향� 거의 없습니다. 최근 3개월 � 다른 내부� 매도� 보고되지 않았으며, 신고자는 공개되지 않은 중요� 정보� 알고 있지 않음� 인증합니�. 문서에는 운영이나 재무 성과 데이터가 포함되어 있지 않으�, 판매자의 남은 지분도 명시하지 않습니다.

Business First Bancshares, Inc. (BFST) a soumis un avis Formulaire 144 concernant une vente prévue de 5 164 actions ordinaires via Morgan Stanley Smith Barney aux alentours du 04 août 2025. Les actions proviennent de six attributions d’actions restreintes reçues entre 2021 et 2025. Avec une valeur marchande agrégée déclarée de 119 186 $, le prix de vente implicite est d’environ 23,07 $ par action.

Le bloc représente seulement 0,017 % des 29,7 millions d’actions en circulation de la société, indiquant une dilution ou un impact sur la propriété négligeable. Aucune autre vente d’initiés n’a été signalée au cours des trois derniers mois, et le déclarant certifie ne pas avoir connaissance d’informations matérielles non divulguées. Le document ne contient aucune donnée opérationnelle ou financière et n’identifie pas la participation restante du vendeur.

Business First Bancshares, Inc. (BFST) hat eine Form 144-Meldung für einen geplanten Verkauf von 5.164 Stammaktien über Morgan Stanley Smith Barney um den 04. August 2025 eingereicht. Die Aktien stammen aus sechs Restricted-Stock-Zuteilungen, die zwischen 2021 und 2025 erhalten wurden. Der in der Meldung angegebene Gesamtmarktwert von 119.186 $ impliziert einen Verkaufspreis von etwa 23,07 $ pro Aktie.

Das Paket entspricht lediglich 0,017 % der 29,7 Millionen ausstehenden Aktien des Unternehmens, was auf eine vernachlässigbare Verwässerung oder Eigentumsauswirkung hinweist. In den vorangegangenen drei Monaten wurden keine weiteren Insiderverkäufe gemeldet, und der Einreicher bestätigt, keine nicht offengelegten wesentlichen Informationen zu besitzen. Das Dokument enthält keine operativen oder finanziellen Leistungsdaten und gibt keinen Aufschluss über den verbleibenden Anteil des Verkäufers.

0001084765FALSE00010847652025-07-292025-07-29

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
FORM 8-K
_______________________
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 29, 2025
RESOURCES CONNECTION, INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware0-3211333-0832424
(State or Other Jurisdiction of
Incorporation)
(Commission File Number)
(I.R.S. Employer Identification
No.)
15950 North Dallas Parkway, Suite 330, Dallas, Texas 75248
(Address of Principal Executive Offices) (Zip Code)
Registrant’s Telephone Number, Including Area Code: (214) 777-0600

(Former Name or Former Address, if Changed Since Last Report)

________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)
Name of each exchange
on which registered
Common Stock, par value $0.01 per shareRGP
The Nasdaq Stock Market LLC
(Nasdaq Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
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. o
Item 4.01    Changes in Registrant’s Certifying Accountant.
(a) Dismissal of Independent Registered Public Accounting Firm.
The Audit Committee of the Board of Directors (the “Audit Committee”) of Resources Connection, Inc. (the “Company”) approved the dismissal of RSM US LLP (“RSM”) as the Company’s independent registered public accounting firm and dismissed RSM on July 29, 2025. RSM served as the Company’s independent registered public accounting firm since 2012.
During the Company’s most recent fiscal years ended May 31, 2025 and May 25, 2024 and the subsequent interim period through July 29, 2025, (i) there were no disagreements with RSM on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures that, if not resolved to RSM’s satisfaction, would have caused RSM to make reference to the subject matter of the disagreement in connection with its report and (ii) there were no “reportable events” as defined in Item 304(a)(1)(v) of Regulation S-K, except that as initially reported in Part I, Item 4 of the Company’s Quarterly Report on Form 10-Q for the quarter ended August 24, 2024, a material weakness was identified relating to the management review control of certain inputs into the valuation analysis in connection with goodwill impairment analyses, resulting in a change to the goodwill impairment amount recorded for the Company’s Europe and Asia Pacific segment as of August 24, 2024 (the “material weakness”). As reported in Part I, Item 4 of the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended February 22, 2025, the Company had concluded that the material weakness had been remediated.
The audit report of RSM on the consolidated financial statements of the Company for the fiscal years ended May 31, 2025 and May 25, 2024 did not contain an adverse opinion or a disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or accounting principles. In accordance with Item 304(a)(3) of Regulation S-K, the Company provided RSM with a copy of this Current Report on Form 8-K prior to its filing with the Securities and Exchange Commission (the “SEC”) and requested that RSM furnish it with a letter addressed to the SEC stating whether it agrees with the above statements in this Item 4.01(a). A copy of RSM’s letter, dated August 4, 2025 is filed as Exhibit 16.1 to this Current Report on Form 8-K.
(b) Appointment of New Independent Registered Public Accounting Firm.
On July 29, 2025, the Audit Committee approved the engagement of Ernst & Young LLP (“EY”) as the Company’s independent registered public accounting firm for the fiscal year ending May 30, 2026 and related interim periods. During the Company’s two most recent fiscal years ended May 31, 2025 and May 25, 2024 and for the subsequent interim period through July 29, 2025, neither the Company nor anyone on its behalf consulted EY regarding (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the consolidated financial statements of the Company, in connection with which neither a written report nor oral advice was provided to the Company that EY concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a disagreement as defined in Item 304(a)(1)(iv) of Regulation S-K or a reportable event as described in Item 304(a)(1)(v) of Regulation S-K.
Item 8.01    Other Events.
On July 30, 2025, the Board approved a dividend of $0.07 per share on the Company’s common stock. The dividend is payable September 26, 2025 to stockholders of record at the close of business on August 29, 2025. The Board will assess and approve future dividends quarterly. The full text of the Company’s press release, issued on August 4, 2025, announcing the quarterly dividend payment is included as Exhibit 99.1 to this report.



Item 9.01    Financial Statements and Exhibits.
(d)Exhibits
Exhibit No.Description
16.1
Letter from RSM US LLP, dated August 4, 2025.
99.1
Press Release entitled “Resources Connection, Inc. Announces Quarterly Dividend and Dividend Payment Date,” issued August 4, 2025.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
RESOURCES CONNECTION, INC.
Date: August 4, 2025By:/s/ JENNIFER Y. RYU
Jennifer Y. Ryu
Executive Vice President and Chief Financial Officer

FAQ

How many BFST shares are being sold under this Form 144?

The filing covers 5,164 common shares of Business First Bancshares.

What is the estimated value of the planned BFST share sale?

The aggregate market value stated is $119,186.15.

When is the anticipated sale date for the BFST shares?

The approximate sale date disclosed is August 4, 2025.

What percentage of BFST’s shares outstanding does this sale represent?

Only about 0.017 % of the 29,694,986 shares outstanding.

Which broker is handling the insider sale?

Morgan Stanley Smith Barney LLC, Executive Financial Services, New York.
Resources Connection

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