RCM Technologies, Inc. (NASDAQ:RCMT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On March 24, 2017, the Compensation Committee of the Board of Directors of RCM Technologies, Inc. (the “Company”) approved grants, under the Company’s 2014 Omnibus Equity Compensation Plan (as amended and restated, the “2014 Plan“), of performance stock units (“PSUs”) to Rocco Campanelli, the Company’s President and CEO (120,000 PSUs) and Kevin Miller, the Company’s Chief Financial Officer, Treasurer and Secretary (80,000 PSUs). The number of PSUs that will ultimately be earned and vested shall be determined based on the level of achievement of certain performance goals tied to operating earnings and stockholder return performance during a performance period beginning on January 1, 2017 and ending on December 28, 2019; provided, that if a Change in Control (as defined in the 2014 Plan) occurs prior to the end of the performance period set forth above, then the last day of the performance period shall be the last day of the Company’s fiscal quarter that immediately precedes the date of the Change in Control.
About RCM Technologies, Inc. (NASDAQ:RCMT)
RCM Technologies, Inc. is a provider of business and technology solutions. The Company is also a provider of specialty healthcare services to healthcare institutions and educational facilities. The Company operates through three segments: Engineering, Information Technology (IT) and Specialty Health Care Services. Its Engineering segment provides engineering and design, engineering analysis, technical writing and technical support services, engineer, procure and construction management (EPC), as well as demand side management and energy conservation services. Its IT segment provides enterprise business solutions, application services, infrastructure solutions, competitive advantage and productivity solutions, life sciences solutions and other selected vertical market specific offerings. The Specialty Health Care Services segment provides the staffing of healthcare professionals, primarily therapists, nurses and care givers. It services various national and international companies. RCM Technologies, Inc. (NASDAQ:RCMT) Recent Trading Information
RCM Technologies, Inc. (NASDAQ:RCMT) closed its last trading session down -0.09 at 4.72 with 3,531 shares trading hands.
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