IT Staffing Report: Dec. 12, 2013


RCM shareholders group wins proxy battle

RCM Technologies Inc. (NASD: RCMT) stockholders elected Bradley Vizi and Roger Ballou as new members of the RCM board of directors, based on preliminary results from its annual stockholder meeting held Dec. 5.

The company, based in Pensauken, N.J., provides information technology, engineering and healthcare staffing.

Vizi and Ballou, nominated by a shareholder’s group led by Legion Partners Asset Management LLC and IRS Partners No. 19 L.P., garnered votes of 64.2 percent and 50.5 percent, respectively. They replace directors Robert B. Kerr and Lawrence Needleman.

RCM’s nominees to the board included Kerr, who had been a director since 1994, and Michael Frankel, director of a firm called Onvia and CFO of Iconology Inc.

“We welcome Brad Vizi and Roger Ballou to the RCM board and I look forward to working collaboratively with them,” said RCM Chairman and CEO Leon Kopyt. “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.”

The new directors’ one-year terms will commence upon final certification of the results of the stockholder vote.


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