Leonetti O’Connell Family Foundation Submits Shareholder Proposals to RCM Technologies
January 02, 2013 at 02:28 pm
Share
On January 2, 2013, The Leonetti O'Connell Family Foundation delivered a letter to RCM Technologies Inc notifying the Company as to the submission of 3 business proposals to be presented at the annual meeting that: (i) the Board amend the Company's amended and restated bylaws to eliminate the classification of the Board and require that all directors stand for election annually, (2) the Board amend the bylaws to provide that director nominees be elected by the affirmative vote of the majority of votes cast at an annual meeting of stockholders with a plurality vote standard retained for contested director elections, that is, when the number of director nominees exceeds the number of board seats, and (3) the Board adopt a policy that the Board's chairman be an independent director. In addition, The Leonetti O'Connell Family Foundation stated that it intends to engage in discussions with management, the Board and stockholders of the Company regarding the nomination of directors at the annual meeting, the composition of the Company's Board generally, and the business proposals it seeks to bring forth at the annual meeting.
RCM Technologies, Inc. is a business and technology solutions provider through the deployment of engineering, specialty health care and information technology services. The Company operates through three segments: Specialty Health Care, Engineering, and Life Sciences and Information Technology services (LS&IT). The Specialty Health Care segment provides staffing solutions including medical health care professionals, health information management professionals, nurses, paraprofessionals, physicians, and therapists. The Engineering segment provides a comprehensive portfolio of engineering and design services across three verticals: energy services, process and industrial and aerospace. The LS&IT segment provides enterprise business solutions, application services, IT infrastructure solutions, life sciences solutions and other vertical-specific offerings. This segment also includes data solutions, digitization, recruiting process outsourcing, human capital management solutions, and more.
RCM TECHNOLOGIES, INC. 
