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 Officers

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 Officers

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Item 5.02

Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
As disclosed in Item 5.07 below, the shareholders of RCM
Technologies, Inc. (the “Company”) approved an amendment to the
RCM Technologies, Inc. 2014 Omnibus Equity Compensation Plan (the
“Plan”) at the Company’s 2016 annual meeting of stockholders
(the “Annual Meeting”) held on December 1, 2016.
On October 18, 2016, our Board adopted, subject to stockholder
approval at the Annual Meeting, an amendment and restatement of
the Plan. The amendment and restatement increases by 500,000
shares the total number of shares of the Company’s common stock
available for grant under the Plan, from 157,000 to 657,000
shares, revises the performance goals that may be set under the
Plan in connection with performance-based rewards and extends the
term of the Plan to extend the termination date of the 2014 Plan
to December 1, 2026.
The above description of the amendment and restatement of the
Plan is a summary and is qualified in its entirety by reference
to the full text of the amended and restated Plan, filed as
Exhibit A to the Definitive Proxy Statement for the Annual
Meeting filed with the Securities and Exchange Commission on
October 28, 2016 and incorporated by reference herein.
Item 5.07 Submission of Matters to a Vote of Security Holders
On December 1, 2016, the Company held the Annual Meeting. At the
Annual Meeting, the Company’s stockholders (i) elected six (6)
persons to the Board of Directors (the “Board”); (ii) approved
the amendment and restatement of the Plan; (iii) ratified the
selection by the Board’s Audit Committee of EisnerAmper LLP as
the Company’s independent registered public accounting firm for
the fiscal year ending December 31, 2016; and (iv) voted on an
advisory basis to approve the compensation of the Company’s
named executive officers for 2015. The results of these votes, as
certified by the independent inspector of elections for the
Annual Meeting, are set forth below.
Proposal 1. Election of six (6) persons to serve as directors of
the Company, each to serve until the Company’s next annual
meeting or until their successors have been duly elected and
qualified.
Nominee
Votes For
Votes Against
Abstentions
Broker Non-Votes
Roger H. Ballou
7,214,123
248,175
12,321
4,206,384
Maier O. Fein.
7,169,683
289,660
15,276
4,206,384
Leon Kopyt
6,959,859
503,479
11,281
4,206,384
Richard D. Machon
7,213,646
239,752
21,221
4,206,385
S. Gary Snodgrass
7,190,114
252,386
32,118
4,206,384
Bradley S. Vizi
7,191,682
251,080
31,857
4,206,385
Proposal 2. Approval of the amendment and restatement of the RCM
Technologies, Inc. 2014 Omnibus Equity Compensation Plan.
Votes For
Votes Against
Abstentions
Broker Non-Votes
7,059,416
380,121
35,081
4,206,385
Proposal 3. Ratification of the selection by the Board’s Audit
Committee of EisnerAmper LLP as the Company’s independent
registered public accounting firm for the fiscal year ending
December 31, 2016.
Votes For
Votes Against
Abstentions
Broker Non-Votes
11,495,966
49,657
135,280
Proposal 4. Approval, on an advisory basis, of the compensation
of the Company’s named executive officers for 2015.
Votes For
Votes Against
Abstentions
Broker Non-Votes
7,069,251
342,585
62,762
4,206,405
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Exhibit
99.1
Amended and Restated RCM Technologies, Inc. 2014 Equity
Compensation Plan (filed as Exhibit A to the Company’s
Definitive Proxy Statement for the 2016 Annual Meeting
filed with the Securities and Exchange Commission on
October 28, 2016 and incorporated herein by reference).


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 up +0.18 at 6.54 with 32,281 shares trading hands.

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