RCI Hospitality Holdings Reports Director Changes and Compensation Updates
Ticker: RICK · Form: 8-K · Filed: Sep 5, 2024 · CIK: 935419
| Field | Detail |
|---|---|
| Company | Rci Hospitality Holdings, Inc. (RICK) |
| Form Type | 8-K |
| Filed Date | Sep 5, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $575,000, $1,700,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-of-directors
Related Tickers: RCII
TL;DR
RCII board shakeup and comp plan changes filed. Watch for details.
AI Summary
On September 5, 2024, RCI Hospitality Holdings, Inc. filed an 8-K to report changes in its board of directors and executive compensation arrangements. The filing details the election of new directors and updates to the compensatory plans for certain officers, though specific names and dollar amounts related to these changes are not detailed in this initial summary.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in directorship and executive compensation can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- RCI Hospitality Holdings, Inc. (company) — Registrant
- Texas (location) — State of Incorporation
- September 5, 2024 (date) — Date of Report
FAQ
What specific changes were made to the board of directors?
The filing indicates the election of directors and departure of directors, but the specific names and details of these changes are not provided in the initial summary of the 8-K.
Were there any changes to executive compensation arrangements?
Yes, the filing reports on compensatory arrangements of certain officers, but the specifics of these arrangements are not detailed in the provided text.
What is the primary purpose of this 8-K filing?
The primary purpose is to report on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements of certain officers.
When was this report filed?
This report was filed on September 5, 2024.
What is RCI Hospitality Holdings, Inc.'s state of incorporation?
RCI Hospitality Holdings, Inc. is incorporated in Texas.
Filing Stats: 588 words · 2 min read · ~2 pages · Grade level 12.5 · Accepted 2024-09-05 16:21:39
Key Financial Figures
- $0.01 — ange on which registered Common stock, $0.01 par value RICK The Nasdaq Global Market
- $575,000 — Reese's annual salary will increase to $575,000; and Mr. Langan's annual salary will re
- $1,700,000 — s annual salary will remain the same at $1,700,000. Each of the agreements has a term that
Filing Documents
- rick-20240905.htm (8-K) — 27KB
- employmentagreementlangan-.htm (EX-10.1) — 61KB
- employmentagreementreese-0.htm (EX-10.2) — 61KB
- 0001628280-24-039549.txt ( ) — 291KB
- rick-20240905.xsd (EX-101.SCH) — 2KB
- rick-20240905_lab.xml (EX-101.LAB) — 21KB
- rick-20240905_pre.xml (EX-101.PRE) — 12KB
- rick-20240905_htm.xml (XML) — 3KB
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits Exhibit Number Description 10.1 Employment Agreement of Eric Langan 10.2 Employment Agreement of Travis Reese 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
SIGNATURES
SIGNATURES 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. RCI HOSPITALITY HOLDINGS, INC. Date: September 5, 2024 By: /s/ Eric Langan Eric Langan President and Chief Executive Officer 3