Torch BRC Cuts Regis Corp Stake to 75,889 Shares

TL;DR

**Torch BRC just cut its Regis Corp stake to 75,889 shares, watch for potential bearish sentiment.**

AI Summary

Torch BRC, LP, a Delaware-based entity, filed an amended SC 13G/A on February 13, 2024, indicating a change in their beneficial ownership of Regis Corporation's common stock as of December 31, 2023. They now report shared voting power over 75,889 shares, a decrease from their previous filing. This matters to investors because it shows a significant institutional investor has reduced their influence and stake in Regis Corp, potentially signaling a shift in their investment strategy or outlook on the company's future.

Why It Matters

A reduction in shares held by an institutional investor like Torch BRC, LP can signal a loss of confidence or a strategic reallocation of capital, which could influence other investors' perceptions of Regis Corporation.

Risk Assessment

Risk Level: medium — The reduction in shares by an institutional investor could indicate a perceived increase in risk or a less favorable outlook for Regis Corp, posing a moderate risk to current and prospective shareholders.

Analyst Insight

A smart investor would investigate the reasons behind Torch BRC, LP's reduction in their Regis Corporation stake and consider if this signals underlying issues or a change in market sentiment before making any investment decisions.

Key Numbers

• 75,889 — Shared Voting Power Shares (The number of shares of Regis Corporation common stock Torch BRC, LP now has shared voting power over, as of December 31, 2023.)
• $0.05 — Par Value per Share (The par value of Regis Corporation's Common Stock.)
• 758932206 — CUSIP Number (The unique identification number for Regis Corporation's Common Stock.)
• 20240213 — Filing Date (The date the SC 13G/A amendment was filed with the SEC.)
• 20231231 — Event Date (The date of the event which required the filing of this statement, indicating the snapshot of ownership.)

Key Players & Entities

• Torch BRC, LP (company) — the reporting person who filed the SC 13G/A
• Regis Corporation (company) — the issuer of the common stock
• Delaware (company) — place of organization for Torch BRC, LP
• James Grosfeld (person) — a group member associated with the filing
• Springhill Investments LLC (company) — a group member associated with the filing

Forward-Looking Statements

• Regis Corporation's stock price may experience downward pressure due to the reduced institutional stake. (Regis Corporation) — medium confidence, target: Q1 2024
• Other institutional investors might re-evaluate their positions in Regis Corporation following Torch BRC's reduction. (Institutional Investors) — low confidence, target: Q2 2024

FAQ

Key Financial Figures

• $0.05 — ation (Name of Issuer) Common Stock, $0.05 par value (Title of Class of Securiti

Filing Documents

• tm245973d1_sc13ga.htm (SC 13G/A) — 90KB
• tm245973d1_ex99-1.htm (EX-99.1) — 9KB
• 0001104659-24-018562.txt ( ) — 100KB

(a) Name

Item 1. (a) Name of Issuer. Regis Corporation (b)Address of issuer’s principal executive offices. 3701 Wayzata Boulevard, Minneapolis, MN 55416

(a)Name

Item 2. (a)Name of person filing. The persons filing this Schedule 13G are (collectively, the “Reporting Persons” ): 1. Torch BRC, LP, a Delaware limited partnership ( “Torch BRC” ) 2. Springhill Investments LLC, a Delaware limited liability company ( “Springhill” ) 3. James Grosfeld Trust under Agreement dated December 16, 1988, as amended, a Michigan Trust (the “Grosfeld Trust” ); and 4. James Grosfeld (b)Address of principal business office or, if none, residence. The principal business address of the Reporting Persons is One Towne Square, Suite 1600, Southfield, MI 48076. (c)Citizenship. The citizenship with respect to a natural person or state of organization with respect to an entity, as applicable, of the Reporting Persons is as follows: 1. Torch – Delaware 2. Springhill – Delaware 3. Grosfeld Trust – Michigan 4. James Grosfeld – United States (d)Title of class of securities. Common Stock, $0.05 par value (the “Common Stock” ) (e)CUSIP No. 758932206 6 Item 3. If this statement is filed pursuant to §240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E). (f) An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F). (g) A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G). (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). (i) A church plan that is excluded from the definition of an

Ownership

Item 4. Ownership. (c) Number of Shares as to which the person has: Name (a) Amount Beneficially Owned (b) Percent of Class* Sole Power to Vote or to Direct the Vote Shared Power to Vote or to Direct the Vote Sole Power to Dispose or to Direct the Disposition of Shared Power to Dispose or to Direct the Disposition of Torch BRC, LP 75,889 (1) 3.3 % 0 75,889 (1) 0 75,889 (1) Springhill Investments, LLC 75,889 (1) 3.3 % 0 75,889 (1) 0 75,889 (1) James Grosfeld Trust 76,798 (1) 3.4 % 0 76,798 (1) 0 76,798 (1) James Grosfeld 76,798 (1) 3.4 % 0 76,798 (1) 0 76,798 (1) (1) Torch holds 75,889 shares of Common Stock, and Grosfeld Trust holds 909 shares of Common Stock. As the general partner of Torch, Springhill may be deemed to exercise voting and investment power over the shares of Common Stock directly held by Torch. As the sole member of Springhill, Grosfeld Trust may be deemed to exercise voting and investment power over the shares of Common Stock directly held by Torch. As the Trustee of Grosfeld Trust, James Grosfeld may be deemed to exercise voting and investment power over the shares of Common Stock directly held by Torch. * As of January 26, 2024 (based on 2,279,450 shares of Common Stock outstanding as reported on the Issuer’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2023 filed with the SEC on January 31, 2024.

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following .

Ownership of More than Five Percent on Behalf of Another

Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. 7

Identification and Classification

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not applicable.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. Not applicable.

Certifications

Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11. EXHIBIT NO. EXHIBITS 99.1 Joint Filing Agreement 8

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 13, 2024 Torch BRC, LP By: /s/ James Grosfeld Name: James Grosfeld Title: Manager Springhill Investments LLC, the General Partner Springhill Investments, LLC By: /s/ James Grosfeld Name: James Grosfeld Title: Manager James Grosfeld Trust under Agreement dated December 16, 1988, as amended By: /s/ James Grosfeld Name: James Grosfeld Title: Trustee James Grosfeld By: /s/ James Grosfeld James Grosfeld 9

View Full Filing

View this SC 13G/A filing on SEC EDGAR