– USA, NJ – RCM Technologies, Inc. (Nasdaq:RCMT), a premier provider of business and technology solutions designed to enhance and maximize the operational performance of its customers through the adaptation and deployment of advanced information technology, engineering and specialty healthcare services, today announced that stockholders have elected Bradley S. Vizi and Roger H. Ballou as new members of the RCM Board of Directors, based on preliminary results from its 2013 Annual Meeting of Stockholders held on Thursday, December 5, 2013.
Based on preliminary tabulation report from the independent inspector of elections, IVS Associates, Inc. stockholders have elected Messrs. Vizi and Ballou with votes of 64.2% and 50.5%, respectively. Messrs. Vizi and Ballou were nominated by Legion Partners Asset Management, LLC and the other members of its stockholder group which, as the beneficial holder of 13.3% of RCM’s common stock, is RCM’s largest stockholder. The one-year terms of office of the new directors will commence upon final certification of the results of the stockholder vote by IVS.
“We welcome Brad Vizi and Roger Ballou to the RCM Board and I look forward to working collaboratively with them,” said Leon Kopyt, RCM’s Chairman and Chief Executive Officer. “As we move past a contested election for representation on the RCM Board, we look forward to returning our full attention to our ongoing efforts to position RCM for long-term growth, sustainable profitability, market leadership and enhanced value for our stockholders. We are grateful to our departing directors, Robert B. Kerr and Lawrence Needleman, for their service, dedication and commitment to RCM and its Board of Directors. I am particularly grateful to Bob Kerr for his exemplary leadership as our lead independent director.”
“Roger Ballou and I are excited to join the RCM Board at a pivotal point in RCM’s history. We look forward to participating in RCM’s ongoing efforts to enhance stockholder value,” said Bradley S. Vizi. “We believe that working together with RCM’s management team, we can make a contribution to leverage RCM’s traditional strengths, while also creating significant value for all stockholders. Our recent conversations with management have been constructive and encouraging and have only validated our beliefs about the quality and character of RCM’s management team and the path that lies ahead. With all parties willing to work together constructively and cooperatively, there is no reason that RCM cannot continue to make strong progress.”
RCM Technologies, Inc. is a premier provider of business and technology solutions designed to enhance and maximize the operational performance of its customers through the adaptation and deployment of advanced information technology and engineering services. RCM is an innovative leader in the delivery of these solutions to commercial and government sectors. RCM is also a provider of specialty healthcare services to major health care institutions and educational facilities. RCM’s offices are located in major metropolitan centers throughout North America
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