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| Resources Connection, Inc. |
| 695 Town Center Drive, Suite 600, Costa Mesa, CA 92626 * (714) 430-6400 |
| Business Description | The company is a leading professional services firm that provides experienced accounting and finance, human capital management and information technology professionals to clients on a project-by-project basis. |
| Offering Information Company has | |||
| Trading As | RECN (NASNTL) | Industry | Service (SIC 8742) |
| Type of Stock Offered | Common Shares | Filing Date | 9/1/00 |
| Domestic Shares Offered | 6,500,000 | Offer Date | 12/14/00 |
| Foreign Shares Offered | 0 | Filing Range | $12.00 - $14.00 |
| Company Shares | 5,000,000 | Offer Price | $12.00 |
| Selling Shrhldrs Shares | 1,500,000 | Gross Spread | $0.840 |
| Gross Proceeds | $78,000,000 | Selling | $0.500 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 20,630,000 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| CS First Boston | Lead Manager | (212) 325-2000 |
| Deutsch Banc Alex. Brown | Co-manager | (410) 727-1700 |
| Robert W. Baird & Company | Co-manager | (414) 765-3632 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | - - Months Ending | ||||||
| Figures in U.S. millions except per share data | 5/31/97 | 5/31/98 | 5/31/99 | 5/31/00 | |||
| Revenues | - | 9.331 | 29.508 | 70.822 | 126.332 | - | - |
| Income from Oper. | - | 0.869 | 3.723 | 9.087 | 15.627 | - | - |
| Net Income | - | 0.521 | 2.234 | 4.990 | 6.546 | - | - |
| E.P.S | - | - | - | - | 0.420 | - | - |
| Revenue Growth (%) | - | 216.24 | 140.01 | 78.380 | - | ||
| Net Income Growth (%) | - | 328.79 | 123.37 | 31.18 | - | ||
| Oper. Profit Margin (%) | - | 9.31 | 12.62 | 12.83 | 12.37 | - | - |
| Net Profit Margin (%) | - | 5.58 | 7.57 | 7.05 | 5.18 | - | - |
| Cash Flow - Oper. | 10.51 | - | - | ||||
| Cash Flow - Inv. | -3.29 | - | - | ||||
| Cash Flow - Fin. | -3.60 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 5/31/00 | Financial Ratios | ||||
| Total Assets | 70.11 | Current Assets | 24.70 | Current Ratio | 1.67 |
| Total Liab. | 52.92 | Current Liab. | 14.77 | Debt Ratio | 75.49% |
| Total Equity | 17.19 | Working Cap. | 9.93 | Debt to Equity Ratio | 3.08 |
| Cash | 4.49 | Return on Assets | 9.34% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used repay senior and subordinated debt, fund growth, provide working capital and for other general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | O'Melveny & Meyers |
| Bank's Law Firm | Latham & Watkins |
| Registrar/Transfer Agent | American Stock Transfer & Trust Co |
| Auditor | Pricewaterhouse Coopers LLC |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Evercore Partners L.L.C. | 50.46 | |
| Mainz Holdings Ltd. | 2.45 | |
| DB Capital Investors, LP | 2.45 | |
| BancBoston Investments Inc. | 2.45 | |
| Note: represents ownership of 5% or more prior to the offering. | ||