SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report September 26, 1997
(Date of earliest event reported)
RCM TECHNOLOGIES, INC.
(exact name of registrant as specified in its charter)
NEVADA
(State or other jurisdiction of incorporation)
1-10245 95-1480559
(Commission File Number) (IRS Employer
` Identification Number)
2500 McClellan Avenue, Pennsauken, NJ 08109-4613
(Address of principal executive offices) (Zip Code)
(609) 486 - 1777
(Registrant's telephone number, including area code)
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ITEM 5. Other Events
RCM Technologies, Inc. (the "Registrant") has previously disclosed in its
periodic filings with the Securities & Exchange Commission, a potential claim
for contribution relating to the operations of a facility by the Registrant
prior to 1977.
On September 26, 1997, the Registrant and Alumax, Inc., (the "Claimant"),
entered into a Settlement Agreement, whereby the Registrant agreed to settle the
potential controversy by paying $300,000 and issuing 20,825 restricted shares of
its common stock, valued at $300,000 ("Restricted Shares") to the Claimant. The
Registrant has granted the Claimant certain registration rights with respect to
the Restricted Shares and has guaranteed the $300,000 value of the Restricted
Shares upon the effectiveness of a registration statement filed with the
Securities & Exchange Commission covering the resale of the shares. The
settlement agreement also contains customary mutual releases and indemnification
provisions.
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 thereunto duly authorized.
RCM Technologies, Inc.
By: /S/ Stanton Remer
Stanton Remer
Chief Financial Officer,
Treasurer, and Director
Date: October 8, 1997
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