Tender offer statement by Issuer

BGCOLOR="WHITE">

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE TO

(Amendment No. 1)

TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1)

OF THE SECURITIES EXCHANGE ACT OF 1934

RESOURCES CONNECTION, INC.

(Name of Subject Company (Issuer) and Filing Person (Offeror))

Common Stock, par value $0.01 per share

(Title of Class of Securities)

76122Q105

(CUSIP Number of Class of Securities)

Herb Mueller

Executive Vice President and Chief Financial Officer

17101 Armstrong Avenue

Irvine, California 92614

Telephone: (714) 430-6400

(Name, address and telephone number of person authorized to receive notices and communications on behalf of filing persons)

Copy to:

Mark D. Peterson, Esq.

Shelly Heyduk, Esq.

O’Melveny & Myers LLP

610 Newport Center Drive, 17 th Floor

Newport Beach, CA 92660

Telephone: (949) 823-6900

Calculation of Filing Fee

Transaction Valuation* Amount of Filing Fee**
$96,000,000 $11,126.40
* The transaction value is estimated only for purposes of calculating the filing fee. This amount is based on the offer to purchase 6,000,000 shares of common stock, par value $0.01 per share, at the maximum tender offer price of $16.00 per share.

** Previously paid. The amount of the filing fee, calculated in accordance with Rule 0-11 under the Securities Exchange Act of 1934, as amended, and Fee Rate Advisory No. 1 for Fiscal Year 2017 equals $115.90 per $1,000,000 of the value of the transaction.

Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

Amount Previously Paid: $11,126.40 Filing Party: Resources Connection, Inc.
Form or Registration No.: Schedule TO-I Date Filed: October 18, 2016

Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes to designate any transactions to which the statement relates:

third-party tender offer subject to Rule 14d-1.
issuer tender offer subject to Rule 13e-4.
going-private transaction subject to Rule 13e-3.
amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results of the tender offer.  ☐

If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:

Rule 13e-4(i) (Cross-Border Issuer Tender Offer)
Rule 14d-1(d) (Cross-Border Third-Party Tender Offer)


INTRODUCTORY STATEMENT

This Amendment No. 1 (this “Amendment No. 1”) amends and supplements the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission (the “SEC”) on October 18, 2016 (the “Schedule TO”) by Resources Connection, Inc., a Delaware corporation (“Resources” or the “Company”), in connection with the Company’s offer to purchase up to 6,000,000 shares of its common stock, par value $0.01 per share (the “Shares”), at a price not greater than $16.00 nor less than $13.50 per Share, net to the seller in cash, less any applicable withholding taxes and without interest. The Company’s offer is being made upon the terms and subject to the conditions set forth in the Offer to Purchase dated October 18, 2016 (the “Offer to Purchase”) and in the related Letter of Transmittal (the “Letter of Transmittal,” which, together with the Offer to Purchase, as they may be amended or supplemented from time to time, constitute the “Offer”), copies of which were previously filed as Exhibits (a)(1)(A) and (a)(1)(B), respectively, to the Schedule TO.

The purpose of this Amendment No. 1 is to amend and supplement the Schedule TO. Only those items amended are reported in this Amendment No. 1. Except as specifically provided herein, the information contained in the Schedule TO, the Offer to Purchase and the Letter of Transmittal remains unchanged. This Amendment No. 1 should be read in conjunction with the Schedule TO, the Offer to Purchase and the Letter of Transmittal.

Item 8. Interest in Securities of the Subject Company.

(b) Securities Transactions: Item 8 of the Schedule TO is hereby amended and supplemented by replacing the paragraph titled “Recent Securities Transactions” under Section 11 of the Offer to Purchase titled “Interests of Directors and Executive Officers; Transactions and Arrangements Concerning the Shares” on page 33 of the Offer to Purchase in its entirety with the following paragraph and table:

“ Recent Securities Transactions. Based on our records and on information provided to us by our directors, executive officers, affiliates and subsidiaries, neither we nor any of our directors, executive officers, affiliates or subsidiaries nor, to the best of our knowledge, any person controlling the Company or any executive officer or director of any such controlling entity or of our subsidiaries, has effected any transactions involving the Shares during the 60 days prior to October 18, 2016, except as otherwise set forth in this Offer to Purchase and except for (a) purchases made by us under the July 2015 Repurchase Program described below and (b) stock options awarded to Anthony Cherbak, Kate W. Duchene and Herbert M. Mueller, and restricted stock granted to Herbert M. Mueller, each under the Company’s 2014 Plan (defined below).

Reporting Person

Date of Transaction

Number
of Shares
Price per
Common Share

Type of Transaction

Anthony Cherbak

September 9, 2016 70,000 N/A

Grant of Non-Qualified Stock

Options (right to buy)

Herbert M. Mueller

September 9, 2016 10,000 N/A Grant of Restricted Common Stock

Herbert M. Mueller

September 9, 2016 15,000 N/A

Grant of Non-Qualified Stock

Options (right to buy)

Kate W. Duchene

September 9, 2016 38,000 N/A

Grant of Non-Qualified Stock

Options (right to buy)


Item 8 of the Schedule TO is hereby amended and supplemented by replacing the paragraph titled “Share Repurchase Program” under Section 11 of the Offer to Purchase titled “Interests of Directors and Executive Officers; Transactions and Arrangements Concerning the Shares” on page 33 of the Offer to Purchase in its entirety with the following paragraphs and table:

“Share Repurchase Program. In July 2015, our Board of Directors approved a stock repurchase program (the “July 2015 Repurchase Program”) authorizing the repurchase, at the discretion of the Company’s senior executives, of Shares for an aggregate dollar limit not to exceed $150 million. Repurchases under the July 2015 Repurchase Program may take place in the open market or in privately negotiated transactions and may be made pursuant to a Rule 10b5-1 plan. During the three months ended August 27, 2016, the Company purchased approximately 375,000 Shares on the open market at an average price of $15.09 per share, for approximately $5.7 million. As of August 27, 2016, approximately $132.9 million remained available for future repurchases of Shares under the July 2015 Repurchase Program. From August 27, 2016 through October 7, 2016, the Company purchased 68,600 Shares on the open market at an average price of $13.17 per share, for approximately $903,000. As of October 17, 2016, approximately $132.0 million remained available for future repurchases of Shares under the July 2015 Repurchase Program.

Based on our records and to the best of our knowledge, the following repurchases of our common stock have been effected in the past 60 days by us through the July 2015 Repurchase Program:

Purchaser

Date of Purchase

Number of Shares Price per Common Share

Type of Transaction

Resources Connection, Inc.

October 6, 2016 100 $12.9900 Open Market

Resources Connection, Inc.

October 6, 2016 3,306 $13.0000 Open Market

Resources Connection, Inc.

October 6, 2016 1,300 $13.0100 Open Market

Resources Connection, Inc.

October 6, 2016 100 $13.0150 Open Market

Resources Connection, Inc.

October 6, 2016 600 $13.0200 Open Market

Resources Connection, Inc.

October 6, 2016 900 $13.0300 Open Market

Resources Connection, Inc.

October 6, 2016 900 $13.0400 Open Market

Resources Connection, Inc.

October 6, 2016 100 $13.0450 Open Market

Resources Connection, Inc.

October 6, 2016 500 $13.0500 Open Market

Resources Connection, Inc.

October 6, 2016 2,500 $13.0600 Open Market

Resources Connection, Inc.

October 6, 2016 1,900 $13.0700 Open Market

Resources Connection, Inc.

October 6, 2016 1,600 $13.0800 Open Market

Resources Connection, Inc.

October 6, 2016 1,016 $13.1000 Open Market

Resources Connection, Inc.

October 6, 2016 200 $13.1100 Open Market

Resources Connection, Inc.

October 6, 2016 400 $13.1200 Open Market

Resources Connection, Inc.

October 6, 2016 1,900 $13.1300 Open Market

Resources Connection, Inc.

October 6, 2016 800 $13.2300 Open Market

Resources Connection, Inc.

October 6, 2016 100 $13.2350 Open Market

Resources Connection, Inc.

October 6, 2016 100 $13.2400 Open Market

Resources Connection, Inc.

October 6, 2016 4,100 $13.2500 Open Market

Resources Connection, Inc.

October 6, 2016 800 $13.2600 Open Market

Resources Connection, Inc.

October 6, 2016 197 $13.2650 Open Market

Resources Connection, Inc.

October 6, 2016 1,303 $13.2700 Open Market

Resources Connection, Inc.

October 6, 2016 500 $13.2800 Open Market

Resources Connection, Inc.

October 6, 2016 200 $13.2900 Open Market

Resources Connection, Inc.

October 6, 2016 800 $13.3000 Open Market

Resources Connection, Inc.

October 6, 2016 700 $13.3100 Open Market

Resources Connection, Inc.

October 6, 2016 300 $13.3300 Open Market

Resources Connection, Inc.

October 6, 2016 21 $13.3600 Open Market

Resources Connection, Inc.

October 6, 2016 200 $13.3700 Open Market


Purchaser

Date of Purchase

Number of Shares Price per Common Share

Type of Transaction

Resources Connection, Inc.

October 6, 2016 300 $13.3800 Open Market

Resources Connection, Inc.

October 6, 2016 1,041 $13.4000 Open Market

Resources Connection, Inc.

October 6, 2016 573 $13.4100 Open Market

Resources Connection, Inc.

October 6, 2016 2,300 $13.4200 Open Market

Resources Connection, Inc.

October 6, 2016 100 $13.4300 Open Market

Resources Connection, Inc.

October 6, 2016 43 $13.4400 Open Market

Resources Connection, Inc.

October 6, 2016 700 $13.4500 Open Market

Resources Connection, Inc.

October 6, 2016 400 $13.4900 Open Market

Resources Connection, Inc.

October 6, 2016 200 $13.5000 Open Market

Resources Connection, Inc.

October 6, 2016 600 $13.5100 Open Market

Resources Connection, Inc.

October 6, 2016 400 $13.5200 Open Market

Resources Connection, Inc.

October 6, 2016 200 $13.5600 Open Market

Resources Connection, Inc.

October 7, 2016 100 $12.9100 Open Market

Resources Connection, Inc.

October 7, 2016 900 $12.9300 Open Market

Resources Connection, Inc.

October 7, 2016 100 $12.9400 Open Market

Resources Connection, Inc.

October 7, 2016 1,700 $12.9500 Open Market

Resources Connection, Inc.

October 7, 2016 1,500 $12.9600 Open Market

Resources Connection, Inc.

October 7, 2016 1,798 $12.9800 Open Market

Resources Connection, Inc.

October 7, 2016 200 $12.9900 Open Market

Resources Connection, Inc.

October 7, 2016 100 $13.0000 Open Market

Resources Connection, Inc.

October 7, 2016 1,200 $13.0100 Open Market

Resources Connection, Inc.

October 7, 2016 800 $13.0200 Open Market

Resources Connection, Inc.

October 7, 2016 600 $13.0400 Open Market

Resources Connection, Inc.

October 7, 2016 4,400 $13.0500 Open Market

Resources Connection, Inc.

October 7, 2016 200 $13.0550 Open Market

Resources Connection, Inc.

October 7, 2016 9,875 $13.0600 Open Market

Resources Connection, Inc.

October 7, 2016 100 $13.0650 Open Market

Resources Connection, Inc.

October 7, 2016 1,527 $13.0700 Open Market

Resources Connection, Inc.

October 7, 2016 4,600 $13.0800 Open Market

Resources Connection, Inc.

October 7, 2016 4,600 $13.0900 Open Market”


SIGNATURE

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

RESOURCES CONNECTION, INC.
/s/ Herbert M. Mueller

Name:    Herbert M. Mueller

Title:      Executive Vice President and                Chief Financial Officer

Date: October 27, 2016

The above information was disclosed in a filing to the SEC. To see the filing, click here.

To receive a free e-mail notification whenever Resources Connection makes a similar move, sign up!

Other recent filings from the company include the following:

Resources Connection Just Filed Its Quarterly Report: Net Income Per Sh... - Oct. 5, 2017
Resources Connection, Inc. Reports First Quarter Results For Fiscal 2018 - Oct. 4, 2017

Auto Refresh

Feedback