<SEC-DOCUMENT>0000700841-21-000003.txt : 20210115
<SEC-HEADER>0000700841-21-000003.hdr.sgml : 20210115
<ACCEPTANCE-DATETIME>20210115161501
ACCESSION NUMBER:		0000700841-21-000003
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20210115
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20210115
DATE AS OF CHANGE:		20210115

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RCM TECHNOLOGIES, INC.
		CENTRAL INDEX KEY:			0000700841
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-HELP SUPPLY SERVICES [7363]
		IRS NUMBER:				951480559
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0102

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10245
		FILM NUMBER:		21532284

	BUSINESS ADDRESS:	
		STREET 1:		2500 MCCLELLAN AVENUE
		STREET 2:		STE 350
		CITY:			PENNSAUKEN
		STATE:			NJ
		ZIP:			08109-4613
		BUSINESS PHONE:		8563564500

	MAIL ADDRESS:	
		STREET 1:		2500 MCCLELLAN AVENUE
		STREET 2:		STE 350
		CITY:			PENNSAUKEN
		STATE:			NJ
		ZIP:			08109-4613

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RCM TECHNOLOGIES INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k011521.htm
<DESCRIPTION>FORM 8-K 1/15/21
<TEXT>
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    <div style="text-align: center; line-height: 13.7pt; font-size: 12pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; line-height: 13.7pt; font-size: 12pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; line-height: 13.7pt; font-size: 12pt; font-weight: bold;">WASHINGTON, DC 20549</div>
    <div style="text-align: center; line-height: 13.7pt; font-size: 12pt;">________</div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
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    <div style="text-align: center; line-height: 13.7pt; font-size: 12pt; font-weight: bold;">FORM 8-K</div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: center; line-height: 13.7pt; font-size: 12pt; font-weight: bold;">CURRENT REPORT</div>
    <div style="text-align: center; line-height: 13.7pt; font-size: 12pt; font-weight: bold;">PURSUANT TO SECTION 13 OR 15(d) OF THE</div>
    <div style="text-align: center; line-height: 13.7pt; font-size: 12pt; font-weight: bold;">SECURITIES EXCHANGE ACT OF 1934</div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: center; line-height: 11.4pt;">Date of report (Date of earliest event reported): <u> January 15, 2021</u></div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="text-align: center; line-height: 11.4pt;"><u>RCM Technologies, Inc.</u></div>
    <div style="text-align: center; line-height: 11.4pt;">(Exact Name of Registrant as Specified in Charter)</div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
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            <div style="line-height: 7.2pt;"><font style="line-height: 7.2pt;">&#160;</font></div>
            <div style="text-align: center; line-height: 11.4pt;"><u>Nevada</u></div>
            <div style="text-align: center; line-height: 11.4pt;">(State or Other</div>
            <div style="text-align: center; line-height: 11.4pt;">Jurisdiction of</div>
            <div style="text-align: center; line-height: 11.4pt;">Incorporation)</div>
          </td>
          <td style="width: 33.33%; vertical-align: top;">
            <div style="line-height: 7.2pt;"><font style="line-height: 7.2pt;">&#160;</font></div>
            <div style="text-align: center; line-height: 11.4pt;"><u>1-10245</u></div>
            <div style="text-align: center; line-height: 11.4pt;">(Commission File</div>
            <div style="text-align: center; line-height: 11.4pt;">Number)</div>
          </td>
          <td style="width: 33.33%; vertical-align: top;">
            <div style="line-height: 7.2pt;"><font style="line-height: 7.2pt;">&#160;</font></div>
            <div style="text-align: center; line-height: 11.4pt;"><u>95-1480559</u></div>
            <div style="text-align: center; line-height: 11.4pt;">(I.R.S. Employer</div>
            <div style="text-align: center; line-height: 11.4pt;">Identification No.)</div>
          </td>
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    <table cellspacing="0" cellpadding="0" id="zbe68df9addf8446e9f3c778294b928b3" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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          <td style="width: 60.92%; vertical-align: bottom;">
            <div style="text-align: center; line-height: 11.4pt;">2500 McClellan Avenue, Suite 350</div>
          </td>
          <td style="width: 7.35%; vertical-align: bottom;">&#160;</td>
          <td style="width: 31.72%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 60.92%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; line-height: 11.4pt;">Pennsauken, NJ</div>
          </td>
          <td style="width: 7.35%; vertical-align: bottom;">&#160;</td>
          <td style="width: 31.72%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; line-height: 11.4pt;">08109-4613</div>
          </td>
        </tr>
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          <td style="width: 60.92%; vertical-align: bottom; border-top: #000000 2px solid;">
            <div style="text-align: center; line-height: 11.4pt;">(Address of Principal Executive Offices)</div>
          </td>
          <td style="width: 7.35%; vertical-align: bottom;">&#160;</td>
          <td style="width: 31.72%; vertical-align: bottom; border-top: #000000 2px solid;">
            <div style="text-align: center; line-height: 11.4pt;">(Zip Code)</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="text-align: center; line-height: 11.4pt;">Registrant&#8217;s telephone number, including area code: (<u>856) 356-4500</u></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="line-height: 12.3pt; margin-bottom: 8pt;">Securities registered pursuant to Section 12(b) of the Act:</div>
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            <div style="text-align: center; line-height: 11.4pt;">Title of each class</div>
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          <td style="width: 3.85%; vertical-align: top;">&#160;</td>
          <td style="width: 19.25%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center; line-height: 11.4pt;">Trading Symbol(s)</div>
          </td>
          <td style="width: 3.85%; vertical-align: top;">&#160;</td>
          <td style="width: 40.37%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center; line-height: 11.4pt;">Name of each exchange on which registered</div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.67%; vertical-align: middle; border-top: #000000 2px solid;">
            <div style="line-height: 11.4pt;">Common Stock, par value $0.05 par value</div>
          </td>
          <td style="width: 3.85%; vertical-align: top;">&#160;</td>
          <td style="width: 19.25%; vertical-align: middle; border-top: #000000 2px solid;">
            <div style="text-align: center; line-height: 11.4pt;">RCMT</div>
          </td>
          <td style="width: 3.85%; vertical-align: top;">&#160;</td>
          <td style="width: 40.37%; vertical-align: middle; border-top: #000000 2px solid;">
            <div style="text-align: center; line-height: 11.4pt;">The NASDAQ Stock Market LLC</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
    </div>
    <div style="line-height: 11.4pt;">Check the appropriate box below if the Form&#160;8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</div>
    <table cellspacing="0" cellpadding="0" id="z5ad98504a713433c8aa64fe87600a4c1" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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          <td style="width: 4.56%; vertical-align: middle;">&#160;</td>
          <td style="width: 95.44%; vertical-align: middle;">&#160;</td>
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            <div style="line-height: 11.4pt;">[&#160; ]</div>
          </td>
          <td style="width: 95.44%; vertical-align: top;">
            <div style="line-height: 11.4pt;">Written communications pursuant to Rule&#160;425 under the Securities Act (17&#160;CFR&#160;230.425).</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.56%; vertical-align: top;">
            <div style="line-height: 11.4pt;">[&#160; ]</div>
          </td>
          <td style="width: 95.44%; vertical-align: top;">
            <div style="line-height: 11.4pt;">Soliciting material pursuant to Rule&#160;14a-12 under the Exchange Act (17&#160;CFR&#160;240.14a-12).</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.56%; vertical-align: top;">
            <div style="line-height: 11.4pt;">[&#160; ]</div>
          </td>
          <td style="width: 95.44%; vertical-align: top;">
            <div style="line-height: 11.4pt;">Pre-commencement communications pursuant to Rule&#160;14d-2(b) under the Exchange Act (17&#160;CFR&#160;240-14d-2(b)).</div>
          </td>
        </tr>
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          <td style="width: 4.56%; vertical-align: top;">
            <div style="line-height: 11.4pt;">[&#160; ]</div>
          </td>
          <td style="width: 95.44%; vertical-align: top;">
            <div style="line-height: 11.4pt;">Pre-commencement communications pursuant to Rule&#160;13e-4(c) under the Exchange Act (17&#160;CFR&#160;240-13e-4(c)).</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="line-height: 11.4pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of
      1934 (&#167;240.12b-2 of this chapter).</div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="line-height: 11.4pt;">Emerging growth company&#160; [&#160; ]</div>
    <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
    </div>
    <div style="line-height: 11.4pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act.&#160; [&#160; ]</div>
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    <div style="text-indent: -72pt; margin-left: 72pt; line-height: 11.4pt; font-weight: bold;">Item 5.02&#160; &#160; &#160; &#160; &#160; Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain</div>
    <div style="text-indent: -9pt; margin-left: 72pt; line-height: 11.4pt; font-weight: bold;">Officers; Compensatory Arrangements of Certain Officers</div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="line-height: 11.4pt;">On January 13, 2021, the Board of Directors (the &#8220;Board&#8221;) of RCM Technologies, Inc. (the &#8220;Company&#8221;) approved an amendment to the RCM Technologies, Inc. 2014 Omnibus Equity Compensation Plan (the &#8220;Plan&#8221;), effective upon
      such approval, to reflect changes in the minimum vesting period for grants of stock awards and stock units under the Plan.&#160; Such amendment is attached as Exhibit 99.1 hereto, and is incorporated by reference herein.</div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="line-height: 11.4pt;">Also on January 13, 2021, the Compensation Committee of the Board approved an increase to the annual base salary of Bradley S. Vizi, the Company&#8217;s Executive Chairman and President, from $250,000 to $375,000.&#160; On
      January 15, 2021, the Committee granted to Mr. Vizi 125,000 shares of the Company&#8217;s Common Stock, par value $0.05 per share (the &#8220;Common Stock&#8221;) as incentive compensation for 2020.&#160; In light of the pandemic, no annual incentive plan had been
      established for 2020 as had typically been the case in prior years.</div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="line-height: 11.4pt;"><font style="font-weight: bold;">Item 7.01</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Regulation FD Disclosure</font></div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="line-height: 11.4pt;">Also on January 13, 2021, the Board authorized a program to repurchase shares of the Common Stock constituting, in the aggregate, up to an amount not to exceed $7.5 million, consistent with the maximum limitation set
      forth by the Company&#8217;s revolving line of credit.&#160; The program is designed to provide the Company with enhanced flexibility over the long term to optimize its capital structure.&#160; Shares of the Common Stock may be repurchased in the open market or
      through negotiated transactions.&#160; The program may be terminated or suspended at any time at the discretion of the Company.&#160; The Company may in the future enter into a Rule 10b5-1 trading plan to effect a portion of the authorized purchases, if
      criteria set forth in the plan are met. Such a plan would enable the Company to repurchase its shares during periods outside of its normal trading windows, when the Company typically would not be active in the market.</div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="line-height: 11.4pt;">The time of purchases and the exact number of shares to be purchased will depend on market conditions.&#160; The repurchase program does not include specific price targets or timetables and may be suspended or terminated at
      any time.&#160; The Company intends to finance the purchases using available working capital and capacity from the Company&#8217;s revolving line of credit.</div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="line-height: 11.4pt;"><font style="font-weight: bold;">Item 9.01.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Financial Statements and Exhibits.</font></div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="line-height: 11.4pt;">(a) Financial Statements of Businesses Acquired.</div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="line-height: 11.4pt;">None.</div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="line-height: 11.4pt;">(b) Pro Forma Financial Information.</div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="line-height: 11.4pt;">None.</div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="line-height: 11.4pt;">(c) Shell Company Transactions.</div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="line-height: 11.4pt;">None.</div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="line-height: 11.4pt;">(d) Exhibits.</div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <table cellspacing="0" cellpadding="0" id="z880c42edb673464eaeef73a6e585f478" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <div style="line-height: 11.4pt;">Exhibit Number</div>
          </td>
          <td style="width: 76.32%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 23.68%; vertical-align: top;">
            <div style="line-height: 11.4pt;"><a href="exhibit991.htm">99.1</a></div>
          </td>
          <td style="width: 76.32%; vertical-align: top;">
            <div style="line-height: 11.4pt;">Amendment to RCM Technologies, Inc. 2014 Omnibus Equity Compensation Plan.</div>
          </td>
        </tr>

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    <div style="text-align: center; line-height: 11.4pt; font-weight: bold;">SIGNATURES</div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="text-indent: 36pt; line-height: 11.4pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
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    </div>
    <div style="text-indent: 36pt; margin-left: 180pt; line-height: 11.4pt; font-weight: bold;">RCM TECHNOLOGIES, INC.</div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="margin-left: 216pt;">
      <table cellspacing="0" cellpadding="0" id="z82b12bfc870547d48bce75ebf0fd429a" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <td style="width: 13.46%; vertical-align: bottom;">
              <div style="line-height: 11.4pt;">By:</div>
            </td>
            <td style="width: 86.54%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="line-height: 11.4pt;">/s/ Kevin D. Miller</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.46%; vertical-align: bottom;">&#160;</td>
            <td style="width: 86.54%; vertical-align: bottom; border-top: #000000 2px solid;">
              <div style="line-height: 11.4pt;">Kevin D. Miller</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.46%; vertical-align: bottom;">
              <div style="margin-left: 9pt">
                <div style="margin-left: 9pt">&#160;</div>
              </div>
            </td>
            <td style="width: 86.54%; vertical-align: bottom;">
              <div style="line-height: 11.4pt;">Chief Financial Officer, Treasurer and</div>
              <div style="line-height: 11.4pt;">Secretary</div>
            </td>
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    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="line-height: 11.4pt;">Dated: January 15, 2021</div>
    <div style="text-align: center; line-height: 13.7pt;"><br style="line-height: 13.7pt;">
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    <div style="text-align: right; line-height: 13.7pt; font-size: 12pt;">Exhibit 99.1</div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: center; line-height: 12.55pt; margin-bottom: 6pt; font-weight: bold;">AMENDMENT</div>
    <div style="text-align: center; line-height: 12.55pt; margin-bottom: 6pt; font-weight: bold;">TO THE</div>
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    <div style="text-align: center; line-height: 12.55pt; margin-bottom: 6pt; font-weight: bold;"><u>2014 OMNIBUS EQUITY COMPENSATION PLAN</u></div>
    <div style="text-indent: 36pt; line-height: 12.55pt; margin-bottom: 6pt;"><font style="font-weight: bold;">WHEREAS</font>, RCM Technologies, Inc. (the &#8220;<u>Company</u>&#8221;) maintains the RCM Technologies, Inc. 2014 Omnibus Equity Compensation Plan, as
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    <div style="text-indent: 36pt; line-height: 12.55pt;">1.<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>Section 9(b) of the Plan is hereby amended in its entirety to read as follows:</div>
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    <div style="margin-left: 72pt; line-height: 12.55pt; margin-bottom: 12pt;">&#8220;(b) <u>Terms of Stock Units</u>.&#160;&#160; The Committee may grant Stock Units that are payable if specified performance goals or other conditions are met, or under other
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      Stock Units. <strike>The vesting period for any Stock Unit that is based solely upon a continuing employment or service relationship with the Company shall be a minimum of one year from the Date of Grant, and the vesting period for any Stock Unit
        that is based upon performance criteria shall be based upon performance over a minimum period of one year. </strike>Notwithstanding the foregoing, the Committee may determine to accelerate the vesting of any or all outstanding Stock Units at any
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          <td style="width: 36pt; vertical-align: top; align: right;">2.</td>
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            <div>Section 10(f) of the Plan is hereby amended in its entirety to read as follows:</div>
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    <div style="margin-left: 72pt; line-height: 12.55pt; margin-bottom: 12pt;">&#8220;(f)&#160; &#160;&#160; <u>Lapse of Restrictions</u>. All restrictions imposed on Stock Awards shall lapse upon the expiration of the applicable Restriction Period and the satisfaction of all
      conditions imposed by the Committee. <strike>The Restriction Period for any Stock Award that is based solely upon a continuing employment or service relationship with the Company shall be a minimum of one year from the Date of Grant, and the
        Restriction Period for any Stock Award that is based upon performance criteria shall be based upon performance over a minimum period of one year.</strike> Notwithstanding the foregoing, the Committee may determine to accelerate the vesting and
      lapse of any Restriction Period of any or all outstanding Stock Awards at any time for any reason.&#8221;</div>
    <div style="text-indent: 36pt; line-height: 12.55pt; margin-bottom: 12pt;">3.<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>As thus amended, the Plan, including this Amendment thereto,
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    <div style="text-indent: 36pt; line-height: 12.55pt;"><font style="font-weight: bold;">IN WITNESS WHEREOF</font>, to record the adoption of this Amendment to the Plan, the Board has caused the execution of this instrument on this _____ day of January,
      2021.</div>
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    </div>
    <div style="text-indent: 216pt; line-height: 12.55pt;">RCM TECHNOLOGIES, INC.</div>
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    </div>
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    <div style="text-indent: 36pt; margin-left: 180pt; line-height: 12.55pt;">By:&#160; <u>/s/ &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;</u><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 180pt"> <br>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit991.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <div style="text-align: right; line-height: 13.7pt; font-size: 12pt;">Exhibit 99.1</div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: center; line-height: 12.55pt; margin-bottom: 6pt; font-weight: bold;">AMENDMENT</div>
    <div style="text-align: center; line-height: 12.55pt; margin-bottom: 6pt; font-weight: bold;">TO THE</div>
    <div style="text-align: center; line-height: 12.55pt; margin-bottom: 6pt; font-weight: bold;">RCM TECHNOLOGIES, INC.</div>
    <div style="text-align: center; line-height: 12.55pt; margin-bottom: 6pt; font-weight: bold;"><u>2014 OMNIBUS EQUITY COMPENSATION PLAN</u></div>
    <div style="text-indent: 36pt; line-height: 12.55pt; margin-bottom: 6pt;"><font style="font-weight: bold;">WHEREAS</font>, RCM Technologies, Inc. (the &#8220;<u>Company</u>&#8221;) maintains the RCM Technologies, Inc. 2014 Omnibus Equity Compensation Plan, as
      amended (the &#8220;<u>Plan</u>&#8221;) for the benefit of its and its subsidiaries eligible employees, directors and consultants;</div>
    <div style="text-indent: 36pt; line-height: 12.55pt; margin-bottom: 6pt;"><font style="font-weight: bold;">WHEREAS</font>, the Company desires to amend the Plan to reflect changes in the minimum vesting period for grants of stock awards and stock units
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    <div style="text-indent: 36pt; line-height: 12.55pt; margin-bottom: 6pt;"><font style="font-weight: bold;">WHEREAS</font>, pursuant to Section 19(a) of the Plan, the Board of Directors of the Company (the &#8220;<u>Board</u>&#8221;) may amend the Plan at any time.</div>
    <div style="text-indent: 36pt; line-height: 12.55pt;"><font style="font-weight: bold;">NOW, THEREFORE, </font>in accordance with the foregoing, effective upon approval by the Board, the Plan is hereby amended as follows:</div>
    <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
    </div>
    <div style="text-indent: 36pt; line-height: 12.55pt;">1.<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>Section 9(b) of the Plan is hereby amended in its entirety to read as follows:</div>
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    </div>
    <div style="margin-left: 72pt; line-height: 12.55pt; margin-bottom: 12pt;">&#8220;(b) <u>Terms of Stock Units</u>.&#160;&#160; The Committee may grant Stock Units that are payable if specified performance goals or other conditions are met, or under other
      circumstances. Stock Units may be paid at the end of a specified period, or payment may be deferred to a date authorized by the Committee. The Committee shall determine the number of Stock Units to be granted and the requirements applicable to such
      Stock Units. <strike>The vesting period for any Stock Unit that is based solely upon a continuing employment or service relationship with the Company shall be a minimum of one year from the Date of Grant, and the vesting period for any Stock Unit
        that is based upon performance criteria shall be based upon performance over a minimum period of one year. </strike>Notwithstanding the foregoing, the Committee may determine to accelerate the vesting of any or all outstanding Stock Units at any
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          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; align: right;">2.</td>
          <td style="width: auto; vertical-align: top;">
            <div>Section 10(f) of the Plan is hereby amended in its entirety to read as follows:</div>
          </td>
        </tr>

    </table>
    <div style="margin-left: 72pt; line-height: 12.55pt; margin-bottom: 12pt;">&#8220;(f)&#160; &#160;&#160; <u>Lapse of Restrictions</u>. All restrictions imposed on Stock Awards shall lapse upon the expiration of the applicable Restriction Period and the satisfaction of all
      conditions imposed by the Committee. <strike>The Restriction Period for any Stock Award that is based solely upon a continuing employment or service relationship with the Company shall be a minimum of one year from the Date of Grant, and the
        Restriction Period for any Stock Award that is based upon performance criteria shall be based upon performance over a minimum period of one year.</strike> Notwithstanding the foregoing, the Committee may determine to accelerate the vesting and
      lapse of any Restriction Period of any or all outstanding Stock Awards at any time for any reason.&#8221;</div>
    <div style="text-indent: 36pt; line-height: 12.55pt; margin-bottom: 12pt;">3.<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>As thus amended, the Plan, including this Amendment thereto, hereby constitute the
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    <div style="text-indent: 36pt; line-height: 12.55pt;"><font style="font-weight: bold;">IN WITNESS WHEREOF</font>, to record the adoption of this Amendment to the Plan, the Board has caused the execution of this instrument on this _____ day of January,
      2021.</div>
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    </div>
    <div style="text-indent: 216pt; line-height: 12.55pt;">RCM TECHNOLOGIES, INC.</div>
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    </div>
    <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
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    <div style="text-indent: 36pt; margin-left: 180pt; line-height: 12.55pt;">By:&#160; <u>/s/ &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;</u><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 180pt"> <br>
      </font></div>
    <div style="text-indent: 216pt; line-height: 12.55pt;">Name:&#160; <br>
    </div>
    <div style="margin-left: 216pt; line-height: 12.55pt;">Title: <br>
    </div>
    <div style="line-height: 12.55pt; margin-bottom: 6pt;"><br style="line-height: 12.55pt;">
    </div>
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</SEC-DOCUMENT>
