−Removed: Resources Global Professionals (“RGP”) is a global consulting firm based in Irvine, California (with offices worldwide) focused on delivering consulting services that power clients’ operational needs and change initiatives utilizing a combination of bench and on-demand, expert and diverse talent.
−Removed: As a next-generation human capital partner for our clients, we specialize in co-delivery of enterprise initiatives typically precipitated by business transformation, strategic transactions or regulatory change.
−Removed: Our engagements are designed to leverage human connection and collaboration to deliver practical solutions and more impactful results that power our clients’, employees’ and partners’ success.
+Added: Resources Global Professionals (“RGP”) is a professional services firm based in Dallas, Texas (with offices worldwide) focused on delivering flexible and high impact solutions to businesses through strategic and execution consulting, on-demand resourcing, and fully outsourcing services.
+Added: As a next-generation human capital partner for our clients, we are a trusted partner to the C suite, specializing in navigating complex business challenges typically precipitated by business and technology transformation, strategic transactions, or regulatory compliance.
+Added: Our engagements are designed to leverage a combination of bench and agile talent that are highly experienced to deliver practical solutions and more impactful results that power our clients’, employees’ and partners’ success.
We attract top-caliber professionals with in-demand skill sets who seek a workplace environment characterized by choice and control, collaboration and human connection.
The trends in today’s marketplace favor flexibility and agility as businesses confront transformation pressures and skilled labor shortages even in the face of protracted economic uncertainty.
−Removed: Our client engagement and talent delivery model offer speed and agility, strongly positioning us to help our clients transform their businesses and workplaces.
−Removed: Our model is especially relevant at a time where cost reduction initiatives drive an enhanced reliance on a flexible workforce to execute transformational projects.
−Removed: We are laser-focused on driving long-term growth in our business by seizing favorable macro shifts in workforce strategies and preferences, building an efficient and scalable operating model, and maintaining a distinctive culture and approach to professional services.
−Removed: Our enterprise initiatives in recent years include refining the operating model for sales, talent and delivery to be more client-centric, cultivating a more robust performance culture by aligning incentives to business performance, building and commercializing our digital engagement platform, enhancing our consulting capabilities in digital transformation to align with market demand, improving operating leverage through pricing, operating efficiency and cost reduction, and driving growth through strategic acquisitions.
−Removed: We believe our focus and execution on these initiatives will serve as the foundation for growth ahead.
−Removed: We serve 1,800 clients around the world with approximately 3,400 professionals collectively engaged from 38 physical practice offices and multiple virtual offices.
−Removed: Headquartered in Irvine, California, we are proud to have served 88% of the Fortune 100.
+Added: Our client engagement and talent delivery model offer speed and agility, strongly positioning us to help clients transform their businesses and workforce approach.
+Added: We serve more than 1,600 clients around the world with approximately 3,100 professionals collectively engaged from 41 physical practice offices and multiple virtual offices.
+Added: Headquartered in Dallas, Texas, we are proud to have served 88% of the Fortune 100 as of May 2025.
Business Segments
−Removed: Effective May 31, 2022, the Company’s operating segments consist of the following:
−Removed: • RGP – a global consulting firm focused on delivering consulting services that power clients’ operational needs and change initiatives utilizing a combination of bench and on-demand, expert and diverse talent;
−Removed: • Sitrick – a crisis communications and public relations firm which operates under the Sitrick brand, providing corporate, financial, transactional and crisis communication and management services.
−Removed: Each of these segments reports through a separate management team to the Company's Chief Executive Officer, who is designated as the Chief Operating Decision Maker for segment reporting purposes.
−Removed: RGP is the Company’s only reportable segment.
−Removed: Sitrick does not individually meet the quantitative threshold to qualify as a reportable segment.
−Removed: Therefore, Sitrick is disclosed in Other Segments.
−Removed: RGP accounts for more than 90% of our consolidated revenue and total Adjusted EBITDA and, therefore, represents our dominant segment.
−Removed: The discussions in this section apply to both our entire business and RGP.
−Removed: On November 15, 2023, the Company acquired CloudGo Pte Ltd.
−Removed: and its subsidiaries (collectively, “CloudGo”).
−Removed: CloudGo is reported as part of the RGP operating segment.
−Removed: See Note 3 – Acquisitions and Dispositions in the Notes to Consolidated Financial Statements for further information.
−Removed: Prior to May 31, 2022, the Company’s Other Segments included taskforce, along with its parent company, Resources Global Professionals GmbH, an affiliate of the Company.
−Removed: taskforce was divested on May 31, 2022;
−Removed: refer to Note 2 – Summary of Significant Accounting Policies and Note 3 – Acquisitions and Dispositions in the Notes to Consolidated Financial Statements for further information.
−Removed: Prior-period comparative segment information was not restated as a result of the divestiture of taskforce as we did not have a change in internal organization or the financial information our Chief Operating Decision Maker uses to assess performance and allocate resources.
−Removed: During the first quarter of fiscal 2025, the Chief Executive Officer, who is the Company’s Chief Operating Decision Maker, announced a decision to reorganize the Company’s business by forming multiple discrete operational business units.
−Removed: To align the new operating model and business structure, the Company is making management organizational changes and implementing new reporting modules and processes to provide discrete information to manage the business.
−Removed: Management expects to finalize its assessment of its operating segments when the implementations and transitions are completed, which is expected to be in the first quarter of fiscal 2025.
+Added: During the first quarter of fiscal 2025, the Company reorganized the Company’s business by forming multiple discrete operational business units.
+Added: To align the new operating model and financial reporting, the Company made management organizational changes and implemented new reporting modules and processes to provide discrete information to manage the business.
+Added: During the first quarter of fiscal 2025, the Company completed its assessment of the Company's operating segments and identified the following newly defined operating segments:
+Added: • On-Demand Talent – this segment provides businesses with a go-to source for bringing in experts to fill resource gaps when they need them.
+Added: • Consulting – this segment drives transformation across people, processes and technology across domain areas including accounting and finance, technology and digital, risk and compliance and supply chain transformation.
+Added: • Europe & Asia Pacific – is a geographically defined segment that offers both on-demand and consulting services to clients throughout Europe and Asia Pacific.
+Added: • Outsourced Services – operating under the Countsy by RGP TM brand, this segment offers finance, accounting and human resources (“HR”) services provided to startups, spinouts and scale-up enterprises, utilizing a technology platform and fractional team.
+Added: • Sitrick – a crisis communications and public relations firm that provides corporate, financial, transactional and crisis communication and management services.
+Added: Each of these segments reports through a separate segment manager to the Company’s Chief Executive Officer and Chief Operating Officer, who are collectively designated as the Company's Chief Operating Decision Maker (“CODM”) for segment reporting purposes.
+Added: The Company's reportable segments are comprised of On-Demand Talent, Consulting, Europe & Asia Pacific, and Outsourced Services.
+Added: Sitrick does not individually meet the quantitative thresholds to qualify as a reportable segment.
+Added: Therefore, Sitrick is disclosed under the “All Other” segment.
+Added: Each of these segments represents a reporting unit for the purposes of assessing goodwill for impairment.
+Added: Recent Acquisitions
+Added: On July 1, 2024 the Company completed the acquisition of Reference Point LLC (“Reference Point”), a U.S.-based advisory firm that focuses on strategy, risk, regulatory, and technology transformation services for financial institutions.
+Added: From the date of acquisition, Reference Point has been reported within the Consulting Services operating
+Added: Table o f Contents
+Added: See Note 3 – Acquisitions and Dispositions in the Notes to Consolidated Financial Statements for further discussion.
Industry Background and Trends
2 unchanged sentences
namely, organizations are increasingly choosing to address their workforce needs in more flexible ways.
−Removed: We believe this continued shift in workforce strategy towards a project-based orientation was greatly accelerated by the COVID-19 pandemic (the “Pandemic”), which placed an enhanced emphasis on business agility, and continues to be hastened by the competition for talent.
Permanent professional personnel positions are being reduced as organizations engage agile talent for project initiatives and transformation work.
−Removed: Organizations use a mix of alternative resources to execute projects.
+Added: Organizations use a mix of alternative resources to execute initiatives and projects.
Some companies rely solely on their own employees who may lack the requisite time, experience or skills for specific projects.
11 unchanged sentences
Supply of Project Consultants
−Removed: Based on our review of labor market dynamics and discussions with our consultants, we believe the number of professionals seeking to work on an agile basis has been increasing due to a desire for:
−Removed: • More flexible hours and work arrangements, including working-from-home options, coupled with an evolving professional culture that offers competitive wages and benefits;
+Added: Based on our review of labor market dynamics and discussions with our consultants, we believe that there is sustained demand among professionals seeking to work on an agile basis due to a desire for:
+Added: • More flexible hours and work arrangements, coupled with an evolving professional culture that offers competitive wages and benefits;
• The ability to learn and contribute to different environments and collaborate with diverse team members;
11 unchanged sentences
• A relationship-oriented and collaborative approach to client service;
+Added: • Flexible engagement models to meet clients where they need us, whether it's embedded expertise, strategic and execution oriented consulting or fully outsourced solutions;
• A dedicated talent acquisition and management team adept at developing, managing and deploying a project-based workforce;
+Added: Table o f Contents
• Deep functional and/or technical experts who can assess clients’ project needs and customize solutions to meet those needs;
4 unchanged sentences
Our Business Strategy
−Removed: We are dedicated to serving our clients with highly qualified and experienced talent in support of projects and initiatives in a broad array of functional areas, including:
+Added: We are dedicated to serving our clients with flexible engagement models and highly qualified and experienced talent in support of projects and initiatives in a broad array of functional areas, including:
• Integration and divestitures
23 unchanged sentences
See “Human Capital Management” below for further discussions about our culture.
−Removed: • Establish consultative relationships with clients.
+Added: • Deepen our consulting capabilities and establish consultative relationships with clients.
We emphasize a relationship-oriented approach to business rather than a transaction-oriented or assignment-oriented approach.
1 unchanged sentence
Client relationships and needs are addressed from a client-centric, not geographic, perspective.
−Removed: Our revenue team regularly meets with our existing and prospective clients to understand their business issues and help them define their project needs.
−Removed: Our talent team then identifies consultants with the appropriate skills and experience from our global talent pool to meet the clients’ objectives.
−Removed: We believe that by establishing relationships with our clients to solve their professional service needs, we are more likely to identify new opportunities to
+Added: Our team regularly meets with our existing and prospective clients to understand their business issues and identify tailored solutions to meet the clients’ objectives, whether it’s resourcing with highly skilled experts or strategic consulting with RGP's specific points of view.
+Added: We believe that by establishing relationships with our clients to solve their professional service needs, we are more likely to identify new opportunities to serve them.
The strength and depth of our client relationships is demonstrated by the 78% retention rate of our top 100 clients over the last five fiscal years.
• Build the RGP brand.
−Removed: We want to maintain a leadership position in today’s world of work, providing the best talent to execute client projects in an increasingly fluid gig-oriented environment.
−Removed: We have historically built our brand through the consistent and reliable delivery of high-quality, value-added services to our clients as well as a significant referral network of 2,585 consultants and 791 management and administrative employees as of May 25, 2024.
+Added: We have historically built our brand through the consistent and reliable delivery of high-quality, value-added services to our clients as well as a significant referral network of approximately 2,400 consultants and approximately 700 management and administrative employees as of May 31, 2025.
In recent years, we have invested in global, regional and local marketing and brand building and activation efforts that reinforce our brand.
−Removed: In fiscal 2022, we introduced our new tagline ― Dare to Work Differently ― to clarify our brand.
−Removed: We made progress in clarifying and activating our new brand positioning during fiscal 2023 and 2024.
+Added: In fiscal 2025, we launched a brand refresh to clarify what we do, who we serve, when to engage us, and the impact we deliver, reflected across our updated digital properties to enhance understanding of our full capabilities and client value.
+Added: Table o f Contents
We expect to continue to engage in these efforts in the upcoming fiscal year.
2 unchanged sentences
Since inception, our growth has been primarily organic with certain strategic acquisitions along the way that augmented our geographic presence or solution offerings.
−Removed: We believe we have significant opportunity for continued organic growth in our core business as well as through strategic and highly targeted acquisitions as our clients continue to accelerate their digital, workforce and workplace paradigm transformations.
+Added: We believe we have significant opportunity for continued organic growth in our core business as well as through strategic and highly targeted acquisitions.
Key elements of our growth strategy include:
−Removed: • Further our strategic brand marketing.
−Removed: RGP has always focused our business on project execution, which is a distinct space on the continuum between strategy consulting and interim deployment.
−Removed: Our business model of utilizing experienced talent to flatten the traditional consulting delivery pyramid is highly sought after in today’s market.
−Removed: Most clients are capable of formulating business strategy organically or with the help of a strategy firm;
−Removed: where they need help is in the ownership of executing the strategy.
−Removed: Our co-delivery ethos is focused around partnering with clients on project execution.
−Removed: Our brand marketing will continue to emphasize and accentuate our unique qualifications in this arena.
−Removed: We believe clear articulation and successful marketing of our distinctive market position is key to attracting and retaining both clients and talent, enabling us to drive continued growth.
• Increase penetration of existing client base.
1 unchanged sentence
Based on discussions with our clients, we believe that the amount of revenue that we currently generate from many of our clients represents a relatively small percentage of the total amount that they spend on professional services.
−Removed: Consistent with current industry trends, we believe our clients may also continue to increase that spend as businesses adopt a more agile workforce strategy.
+Added: We believe our clients may increase that spend as businesses adopt a more agile workforce strategy.
We believe that by continuing to deliver high-quality services and by deepening our relationships with our clients, we can capture a significantly larger share of our clients’ professional services budgets.
13 unchanged sentences
We continuously identify project opportunities we can market at a broader level with our talent, tools and methodologies and commercialize into solution offerings.
−Removed: When evaluating new or existing solution offerings to invest in, we consider (among other things) profitability, cross-marketing opportunities, competition, growth potential and cultural fit.
−Removed: Our subsidiary Veracity Consulting Group, LLC (“Veracity”) offers valuable digital consulting services, particularly
−Removed: related to experience and automation.
+Added: When evaluating new or existing solution offerings to invest in, we consider (among other things) profitability, cross-marketing opportunities, buyer personas, competition, growth potential and cultural fit.
+Added: We offer valuable digital consulting services, particularly related to experience and automation.
+Added: With our acquisition of Reference Point in July 2024, we expanded our tailored technology and data modernization offerings to our many financial services industry clients.
Customer experience and employee and workspace experience continue to be growing themes in the marketplace and within our client portfolio.
The need for automation and self-service has also been an increasing trend.
−Removed: We will continue to focus on expanding our digital consulting capabilities and their geographic reach to drive growth in the business by capturing the market demand and opportunities.
−Removed: • Expand sales channel through our digital engagement platform (HUGO by RGP®).
−Removed: Consumer buying habits continue to dictate a more self-serve frictionless experience.
−Removed: We believe the use of technology platforms to match clients and talent is the future of professional staffing.
−Removed: HUGO by RGP® (“HUGO”), our digital engagement platform, allows such an experience for clients and talent in the professional staffing space to connect, engage and even transact directly.
−Removed: We piloted the platform in three primary markets – New York/New Jersey, Southern California and Texas, and have continued to expand its functionality with further artificial intelligence ("AI") and machine learning.
−Removed: We have also been developing sales and marketing strategies to increase client and talent adoption of the platform.
−Removed: We plan to expand the geographic reach to other key markets within the United States (“U.S.”) in fiscal 2024.
−Removed: Over time, we expect to be able to drive volume through the HUGO platform by attracting more small- and medium-sized businesses looking for interim support and by serving a larger percentage of our current professional staffing business, which we believe will not only drive top-line growth but also enhance profitability.
+Added: We will continue to focus on expanding our technology and digital consulting capabilities and their geographic reach to drive growth in the business by capturing the market demand and opportunities.
+Added: • Further our strategic brand marketing.
+Added: RGP has always focused our business on project execution, which is a distinct space on the continuum between strategy consulting and interim deployment.
+Added: Our business model of utilizing experienced talent to flatten the traditional consulting delivery pyramid is highly sought after in today’s market.
+Added: Most clients are capable of formulating business strategy organically or with the help of a strategy firm;
+Added: where they need help is in the ownership of executing the strategy.
+Added: Our co-delivery ethos is focused around partnering with clients on project execution.
+Added: Our brand marketing will continue to emphasize and accentuate our unique qualifications in this arena.
+Added: We believe clear articulation and successful marketing of our distinctive market position is key to attracting and retaining both clients and talent, enabling us to drive continued growth.
• Engage in strategic acquisitions .
Our acquisition strategy is to engage in targeted M&A efforts that are designed to complement our core service offerings and enhance our consulting capabilities that are in line with market demands and trends.
−Removed: Our recent acquisition of CloudGo, now integrated into Veracity, expanded our ServiceNow capabilities as well as our ServiceNow footprint in the Asia Pacific region.
−Removed: This year, we also entered into an agreement to acquire Reference Point LLC, a management and technology consulting firm focused on serving the financial services industry, and closed the acquisition on July 1, 2024.
+Added: Our acquisition of CloudGo, now integrated into our Consulting practice, expanded our ServiceNow capabilities as well as our ServiceNow footprint in the Asia Pacific region.
+Added: In addition, as noted above, our acquisition of
+Added: Table o f Contents
+Added: Reference Point in July 2024 has allowed us to expand our offerings to clients within the financial services industry.
We will continue to seek acquisition opportunities to augment and expand the breadth and depth of our digital and other core capabilities.
6 unchanged sentences
Our workforce strategy provides flexible, collaborative resources to meet our clients’ needs.
−Removed: • Other Services .
−Removed: From digital workflows to back-office functions, we support vital business processes, freeing our clients to focus on transformation and other critical priorities.
+Added: • Outsourced Services.
+Added: We offer outsourced finance, accounting and HR services to startups, spinouts and scale-up enterprises, utilizing a technology platform and fractional team.
+Added: • Crisis Communication Services.
+Added: Through Sitrick, we provide corporate, financial, transactional and crisis communication and management services.
Human Capital Management
6 unchanged sentences
Our culture is built upon our shared, core values of Loyalty, Integrity, Focus, Enthusiasm, Accountability and Talent, and we believe this is a key reason for our success.
+Added: We strive to earn the trust of our clients, employees, and the communities we serve by operating a legal, ethical and trustworthy manner.
+Added: Our corporate policies and structure allow our employees, executives and board to lead with integrity and transparency.
Along with our core values, we act in accordance with our Code of Business Conduct and Ethics (“Code of Conduct”), which sets forth the standards our employees and board members must adhere to at all times in the execution of their duties.
1 unchanged sentence
The Code of Conduct reflects our commitment to operating in a fair, honest, responsible and ethical manner and also provides direction for reporting complaints in the event of alleged violations of our policies (including through an anonymous hotline).
−Removed: Diversity, Equity & Inclusion
−Removed: Diversity, equity and inclusion (“DE&I”) are critical underpinnings of our shared values and guide our conduct in our interactions with both clients and each other.
−Removed: As a human-first company, we recognize diversity as a strength that is cultivated through our culture, our people, our business, and our clients.
−Removed: Our workforce reflects diversity in all its forms, including gender and gender identity, race and ethnicity, age, sexual orientation and a variety of cultural and personal backgrounds.
−Removed: We believe a diverse workforce is essential to our continued success.
−Removed: We are proud that 100% of our Executive Leadership Team identify as women or are racially or ethnically diverse.
−Removed: Additionally, 40% of our directors identify as women or are racially or ethnically diverse.
−Removed: We are also a Paradigm for Parity Coalition company, which is a coalition of companies committed to addressing gender and diversity gaps in corporate leadership.
−Removed: Our gender and racial and ethnic diversity representation in the Executive Leadership Team, Board of Directors and U.S.-based workforce is presented in the following table:
−Removed: * -- Diversity representation is as of May 25, 2024.
−Removed: Our fiscal 2024 DE&I strategic priorities remained focused on increasing DE&I awareness, education and involvement across our global team, increasing diversity in our workforce, and promoting inclusion in our Go-to-Market activities.
−Removed: Last year’s DE&I survey indicated high interest in creating additional ways for our employees to connect, learn, and support RGP’s DE&I Commitment.
−Removed: In response, RGP launched our first employee resource groups (“ERGs”) in 2024.
−Removed: The Women in Leadership, Multicultural and Interfaith ERGs are voluntary, employee-led groups and are dedicated to fostering a diverse and inclusive work environment.
−Removed: These are complemented by other employee groups such as our Pride Committee and Caregivers for Aging Parents that are in place to support ways for our employees to get to know each other on a personal level and foster a sense of belonging for all.
−Removed: In fiscal 2024, we continued our DE&I Council and DE&I Ambassador programs, which consist of employees representing a cross-section of functions and levels across the globe and are open to all employees, regardless of race, gender or ethnicity.
−Removed: These programs support our DE&I priorities by designing and delivering measurable and impactful solutions.
−Removed: The DE&I Council serves an important role in working closely with senior leaders to facilitate alignment between our DE&I efforts and overall business strategy.
−Removed: Our DE&I Council hosts periodic educational events that are accessible to our global workforce.
−Removed: These events serve as important learning opportunities and connection points that broaden our perspectives and foster a greater sense of community among colleagues.
−Removed: During these sessions, we engage internal and external speakers and communicate our current year DE&I strategy and initiatives.
−Removed: These sessions also serve as important listening forums by which we learn what additional DE&I activities would be most meaningful to our workforce.
−Removed: We have received positive feedback from our workforce on these engagement sessions, which helps us to prioritize DE&I actions for building cultural and inclusive capability across our global team.
−Removed: The DE&I Ambassador program is comprised of employee volunteers, with a mission to “meet people where they are” in relationship to DE&I and to promote DE&I awareness in existing business forums (i.e., to raise a DE&I topic in existing business meetings or planned social gatherings).
−Removed: The DE&I Ambassador program has had a positive impact on our culture as it generates meaningful opportunities for people, who work in a hybrid and geographically dispersed way, to come together for connection and community.
−Removed: The DE&I Ambassador teams operate at a regional level and meet quarterly to share success stories and practices across the regions with the goal of contributing to greater inclusion within RGP.
−Removed: In fiscal 2024, we also continued our Social Justice Charitable Matching Fund, which has allowed us to help raise DE&I awareness internally across our organization by matching employees’ contributions to charitable organizations that promote social justice.
−Removed: As of May 25, 2024, we achieved our goal of matching $100,000 in contributions during fiscal 2024 and since fiscal 2021, we have supported approximately 190 unique charitable organizations with over $400,000 in contributions.
−Removed: We also support and encourage our employees to volunteer their time and donate to local or national charitable causes.
−Removed: For example, since fiscal 2021, we have sponsored Brightpath STEAM Academy, which seeks to empower and inspire at-risk students in St.
−Removed: Louis, Missouri to pursue STEAM careers by hosting large scale events such as a robotic summer camp.
−Removed: Brightpath was founded and is run by an RGP employee who also served a multi-year term on our DE&I Council.
+Added: Inclusion and Belonging
+Added: At RGP, we aim to create a workplace where people feel valued and supported.
+Added: We believe our success comes from building teams with unique skills, perspectives and backgrounds.
+Added: We offer three employee resource groups (“ERGs”) open to all employees — Women in Leadership, Multicultural, and Interfaith ERGs—which are voluntary, employee-led groups that are dedicated to fostering an inclusive work environment.
+Added: In fiscal 2025, we continued our charitable giving matching fund with company matching contributions upwards of $100,000.
+Added: Since fiscal 2021, we have supported approximately 250 unique charitable organizations with over $500,000 in contributions.
+Added: We also encourage our employees' community involvement through our Spirit of Volunteerism Initiative, which supports causes important to employees.
+Added: We are committed to fostering growth, community and connections both inside and outside of RGP.
+Added: Table o f Contents
Employee Wellbeing and Resilience
−Removed: Employee safety and wellbeing continues to be of paramount importance to us.
+Added: Employee safety and wellbeing is of paramount importance to us.
Our Global Business Continuity Team continued to improve our disaster preparedness plans and implement strategies to manage the health and security of our employees, business continuity, client confidence, and excellent customer service.
−Removed: To promote employee wellbeing and collaboration, we evolved our work-from-home policy to a hybrid work policy, where employees are invited to work collaboratively with colleagues in the office but are also permitted to work remotely as desired.
+Added: To promote employee wellbeing and collaboration, we continued to offer a hybrid work policy, where employees are invited to work collaboratively with colleagues in the office and are permitted to work remotely as desired.
Our goal is to help every human in our workforce maintain a positive, productive and connected work experience.
We provide productivity and collaboration tools and resources for employees working remotely.
−Removed: During fiscal 2024, we also enhanced and promoted programs to support our employees’ physical and mental wellbeing, including the offering of regular wellness and self-care sessions, supporting our You Matter recognition program that allows employees to share gratitude and kudos for colleagues, and launching a new Spirit of Volunteerism initiative to share stories, foster community connections and promote organizations and causes that are important to our employees.
+Added: During fiscal 2025, we also enhanced and promoted programs to support our employees’ physical and mental wellbeing, including the launch of a wellness app, YuLife, to all U.S.
+Added: This gamified app is designed to promote healthy habits by rewarding employees for walking, cycling, meditating and brain training.
+Added: We continue to support physical, mental and financial wellness through communications and webinars.
+Added: Our You Matter recognition program is ongoing and allows employees to share gratitude and kudos for colleagues.
We also offer an Employee Assistance Program for U.S.
3 unchanged sentences
Strong “human leadership” is critical to fostering employee engagement and positioning employees to perform at their best.
−Removed: In fiscal 2023, we launched “Leadership U” to foster leadership development, peer mentorship opportunities and to support the building and maintenance of high-performing teams.
+Added: We offer “Leadership U” to foster leadership development, peer mentorship opportunities and to support the building and maintenance of high-performing teams.
In fiscal 2025, we saw a continued and strengthened desire from employees seeking authentic, empathetic and adaptive behaviors from their leaders.
6 unchanged sentences
This program gives our new hires a connected cohort to drive a sense of belonging early in their career at RGP and offers their leaders a more efficient use of individual coaching time with new employees.
−Removed: In fiscal 2023, we expanded this program to RGP U Consultant to ensure strong connectivity and supported success in a consultant’s first year with RGP.
−Removed: In fiscal 2024, we continued our Sales Effectiveness curriculum focused on deepening sales and client service acumen and effectiveness.
+Added: We also offer “RGP U Consultant” to ensure strong connectivity and supported success in a consultant’s first year with RGP.
+Added: Additionally, we offer a Sales Effectiveness curriculum focused on deepening sales and client service acumen and effectiveness.
In addition, we continued to invest in the professional development and growth of our employees as we focused on employee experience, effectiveness, upskilling and reskilling in a changing work environment.
This support was focused and delivered to all employees with emphasis in the areas of leadership development, on-boarding, functional/technical learning and digital fluency.
−Removed: We continued to actively engage with our internal leaders by integrating wellness
−Removed: and leadership development topics into our quarterly senior leadership meetings.
+Added: We continued to actively engage with our internal leaders by integrating wellness and leadership development topics into our quarterly senior leadership meetings.
We also conducted intentional leader listening forums and mentorship programs to help guide our leaders during fiscal 2025.
2 unchanged sentences
In addition to salaries or hourly rates, our eligible employees, including our consultants, are offered participation in a comprehensive benefits program (based on location) including:
−Removed: paid time off and holidays, group medical and dental programs, a basic term life insurance program, health savings accounts, flexible spending accounts, a 401(k) retirement plan with employer matching contributions, contributions to statutory retirement programs, the 2019 Employee Stock Purchase Plan, as amended (“ESPP”), which enables employees to purchase shares of our stock at a discount, and an employee assistance program.
+Added: paid time off and holidays, group medical and dental programs, a basic term life insurance program, health savings accounts, flexible spending accounts, a 401(k) retirement plan, contributions to statutory retirement programs, the 2019 Employee Stock Purchase Plan, as amended (“ESPP”), which enables employees to purchase shares of our stock at a discount, and an employee assistance program.
In addition, eligible management and administrative employees may participate in annual cash incentive programs or receive stock-based awards.
3 unchanged sentences
The Total Rewards Philosophy is comprised of three main components:
−Removed: (i) base pay, designed to reflect an individual’s value, knowledge and skills that contribute to the organization through an individual’s day-to-day job performance;
+Added: (i) base pay, designed to reflect an individual’s value,
+Added: Table o f Contents
+Added: knowledge and skills that contribute to the organization through an individual’s day-to-day job performance;
(ii) short-term incentives, awarded to employees based on results delivered during the applicable fiscal year and determined by quantitative metrics, qualitative contributions, individual goals, and demonstration of company values;
5 unchanged sentences
We provide our services and solutions to a diverse client base in a broad range of industries.
−Removed: In fiscal 2024, we served 1,800 clients in 37 countries.
+Added: In fiscal 2025, we served more than 1,600 clients in 32 countries.
Our revenues are not concentrated with any particular client.
1 unchanged sentence
In fiscal 2025, our 10 largest clients accounted for approximately 22% of our revenue.
−Removed: We generally provide our professional services to clients at a local level, with the oversight of our market or account leaders and consultation with our corporate management team.
−Removed: The market or account leaders and client development directors in each market are responsible for new client acquisition, expanding client relationships, ensuring client satisfaction throughout engagements, coordinating services for clients on a national and international level and maintaining client relationships post-engagement.
+Added: We generally provide our professional services to clients at a local level, with the oversight of our revenue team (including market or account leaders) and engagement leaders when delivering solutions on consulting projects.
+Added: The revenue team in each market, in collaboration with subject matter experts in the consulting business, are responsible for new client acquisition, expanding client relationships, ensuring client satisfaction throughout engagements, coordinating services for clients on a national and international level and maintaining client relationships post-engagement.
Market or account revenue leadership and their teams identify, develop and close new and existing client opportunities, often working in a coordinated effort with other markets on multi-national/multi-location proposals.
−Removed: While the majority of our client relationships are driven at a local market level, our Strategic Client Accounts, which comprise 40 accounts, are led by account leaders responsible for relationships across markets and who are specifically tasked with growing our global relationships in these key accounts.
−Removed: Market or account level leadership works closely with our talent management team, which aligns regionally but is managed largely as three distinct groups within North America, Asia Pacific and Europe.
−Removed: Our talent organization is responsible for identifying, hiring and cultivating a sustainable relationship with seasoned professionals fitting the RGP profile of client needs.
−Removed: Our consultant recruiting efforts are regionally and nationally based, depending upon the skill set required;
−Removed: talent management handles both the identification and hiring of consultants specifically skilled to perform client projects as well as monitoring the satisfaction of consultants during and after completion of assignments.
−Removed: The talent teams focus on getting the right talent in the right place at the right time.
−Removed: In fiscal 2020, we launched our Borderless Talent initiative in response to the Pandemic to evolve towards and facilitate a virtual operating model.
−Removed: In fiscal 2024, we
−Removed: continued with this initiative, as we seek to provide borderless solutions, anytime, anywhere, bringing the best talent to meet our clients’ business needs, based on expected outcome, not zip code.
−Removed: We believe a substantial portion of the buying decisions made by our clients are made on a local or regional basis, and our offices most often compete with other professional services providers on a local or regional basis.
−Removed: We continue to believe our local market or account leaders are well-positioned to understand the local and regional outsourced professional services market.
−Removed: Additionally, the complexity of relationships with many of our multinational clients also dictates that in some circumstances a hybrid model, bringing the best of both locally driven relationships as well as global focus and delivery, is important for employee and client satisfaction.
−Removed: Through our Strategic Client Account program, we aim to be the service provider that can partner with our multinational clients on a global basis by organizing the concerted effort and talent team to deliver through one integrated service platform.
−Removed: Additionally, team members in our Project Consulting Services group are individuals with deep subject matter expertise in areas of particular client concern who assist with scoping, proposing and delivering complex engagements.
+Added: While the majority of our client relationships are driven at a local market level, our Strategic Client Accounts, which are comprised of approximately 20 accounts, are led by account leaders responsible for relationships across markets and who are specifically tasked with growing our global relationships in these key accounts.
+Added: Market or account level leadership works closely with our talent management team to identify, hire and cultivate a relationship with seasoned professionals that fit our clients' needs.
+Added: Our consultant recruiting efforts are regionally and nationally based, depending upon the skill sets required and our clients' preference for local talent.
+Added: Recognizing the complexity of multinational client relationships, we've also utilized a hybrid approach that leverages the strengths of both local relationships and global delivery.
+Added: We utilize a Borderless Talent model and seek to provide borderless solutions, anytime, anywhere, bringing the best talent to meet our clients’ business needs, based on expected outcome, not zip code.
+Added: In addition, in order to meet our clients where they need us and expand our reach for in-demand talent and skill sets, we operate global delivery centers in India and the Philippines.
+Added: We often blend our delivery teams with talent across the globe to maximize the impact we deliver to our clients.
+Added: Our consulting business is organized by practice areas.
+Added: Each practice has team members with deep subject matter expertise who focus on a combination of sales pursuit (in collaboration with the revenue team), project delivery/oversight and solution development.
We believe our ability to deliver professional services successfully to clients is dependent on our leaders in the field working together as a collegial and collaborative team.
To build a sense of team spirit and increase camaraderie among our leaders, we have a program for field personnel that awards annual incentives based on specific agreed-upon goals focused on the performance of the individual and performance of the Company.
−Removed: We also share across the Company and with new client development team members the best and most effective practices of our highest achieving offices and accounts.
−Removed: New leadership also spends time in other markets or otherwise partners with experienced sales and recruiting personnel in those markets to understand how best to serve current clients, expand our presence with prospects and identify and recruit highly qualified consultants, among many other important skills.
+Added: We also share across the Company and with new team members the best and most effective practices of our highest achieving offices, consulting practices and accounts.
+Added: New leadership also spends time in other markets or otherwise partners with experienced personnel to understand how best to serve current clients, expand our presence with prospects and identify and recruit highly qualified consultants, among many other important skills.
This allows the veteran leadership to share their success stories, foster our culture with new team members and review specific client and consultant development programs.
We believe these team-based practices enable us to better serve clients who prefer a centrally organized service approach.
−Removed: From our corporate headquarters in Irvine, California, we provide centralized administrative, marketing, finance, human resources (“HR”), information technology (“IT”), legal and real estate support.
+Added: Table o f Contents
+Added: We provide administrative, marketing, finance, HR, information technology (“IT”), legal and real estate support throughout our U.S.
We also have a business support operations center in our Utrecht, Netherlands office to provide centralized finance, HR, IT, payroll and legal support to our European offices.
22 unchanged sentences
• the in-house or former in-house resources of our clients.
−Removed: We compete for clients based on the quality of professionals we bring to our clients, the knowledge base they possess, our ability to mobilize the right talent quickly, the scope and price of services, and the geographic reach of services.
−Removed: We believe our attractive value proposition, consisting of our highly qualified consultants, relationship-oriented approach, agile delivery model and professional culture, enables us to compete effectively in the marketplace.
+Added: We compete for clients based on the quality of professionals we bring to our clients, the knowledge base they possess, our ability to mobilize the right talent quickly, the effectiveness of our solutions, the scope and price of services, and the geographic reach of services.
+Added: We believe our attractive value proposition, consisting of our diversified and relevant solution offerings, highly qualified consultants, relationship-oriented approach, delivery model (agile, bench and offshore) and professional culture, enables us to compete effectively in the marketplace.
Regulatory Environment
Our operations are subject to regulations by federal, state, local and professional governing bodies and laws and regulations in various foreign countries, including, but not limited to:
−Removed: (a) licensing and registration requirements and (b) regulation of the employer/employee relationship, such as worker classification regulations, wage and hour regulations, tax withholding and reporting, immigration/H-1B visa regulations, social security and other retirement, antidiscrimination, and employee benefits and workers’ compensation regulations.
+Added: (a) licensing and registration requirements and (b) regulation of the employer/employee relationship, such as worker classification regulations, wage and hour regulations, tax withholding and reporting, immigration/H-1B visa regulations, social security and other retirement, anti-discrimination, and employee benefits and workers’ compensation regulations.
Our operations could be impacted by legislative changes by these bodies, particularly with respect to provisions relating to payroll and benefits, tax and accounting, employment, worker classification and data privacy which could materially affect our capital expenditures, earnings and/or competitive position.
−Removed: Due to the complex regulatory environment that we operate in, we remain focused on compliance with governmental and professional organizations’ regulations.
+Added: Due to the complex regulatory environment that we operate in, we remain focused on compliance with
+Added: Table o f Contents
+Added: governmental and professional organizations’ regulations.
For more discussion of the potential impact that the regulatory environment could have on our financial results, refer to Item 1A “Risk Factors.”
Available Information
−Removed: Our principal executive offices are located at 17101 Armstrong Avenue, Irvine, California 92614.
+Added: Our principal executive offices are located at 15950 North Dallas Parkway, Suite 330, Dallas, Texas 75248.
Our telephone number is (214) 777-0600 and our website address is https://www.rgp.com.
2 unchanged sentences
These reports are maintained on the SEC’s website at https://www.sec.gov.
−Removed: A copy of our annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K and amendments to those reports may also be obtained free of charge on the Investor Relations page of our website at https://ir.rgp.com as soon as reasonably practicable after we file such reports with the SEC.
+Added: A copy of our annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K and amendments to those reports may also be obtained free of charge on the Investor Relations page of our website at https://rgp.com/ir/sec-filings/ as soon as reasonably practicable after we file such reports with the SEC.
+Added: Table o f Contents
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.