RCI Hospitality Holdings Files Definitive Proxy Statement

TL;DR

RCII proxy statement filed. Get ready for shareholder votes on directors & auditors.

AI Summary

RCI Hospitality Holdings, Inc. filed its definitive proxy statement (DEF 14A) on July 16, 2024. This filing is required for their annual meeting of stockholders, where they will vote on matters such as the election of directors and the ratification of their independent registered public accounting firm. The company, formerly known as Ricks Cabaret International Inc., is based in Houston, TX.

Why It Matters

This filing provides shareholders with crucial information regarding the company's governance and upcoming voting matters, impacting their ability to make informed decisions.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (DEF 14A) that provides information to shareholders and does not inherently introduce new risks.

Key Numbers

• DEF 14A — Filing Type (Definitive Proxy Statement)

Key Players & Entities

• RCI Hospitality Holdings, Inc. (company) — Registrant
• 0001628280-24-031961 (filing_id) — Accession Number
• 20240716 (date) — Filing Date
• Ricks Cabaret International Inc. (company) — Former Company Name
• Houston, TX (location) — Company Headquarters

FAQ

Key Financial Figures

• $0.01 — 6,807 shares of common stock, par value $0.01 per share, issued and outstanding. The
• $615,000 — e Company failed to disclose a total of $615,000 in executive compensation in the form o
• $400,000 — o pay civil penalties in the amounts of $400,000, $200,000, and $35,000, respectively.
• $200,000 — l penalties in the amounts of $400,000, $200,000, and $35,000, respectively. Travis Re
• $35,000 — the amounts of $400,000, $200,000, and $35,000, respectively. Travis Reese became a
• $184,068 — ny's new business ventures and received $184,068 and $138,762 in employment compensation
• $138,762 — ness ventures and received $184,068 and $138,762 in employment compensation during the f
• $500,000 — ctively. In October 2021, we borrowed $500,000 from Ed Anakar, President of RCI Manage
• $150,000 — of former director Nourdean Anakar, and $150,000 from Allen Chhay, brother of Company CF
• $718,539 — id Ed Anakar employment compensation of $718,539, $720,492, and $655,289 during the fisc
• $720,492 — ar employment compensation of $718,539, $720,492, and $655,289 during the fiscal years e
• $655,289 — compensation of $718,539, $720,492, and $655,289 during the fiscal years ended September
• $195,000 — and Sherwood Forest were approximately $195,000 in fiscal 2023, $207,000 in fiscal 2022
• $207,000 — approximately $195,000 in fiscal 2023, $207,000 in fiscal 2022, and $118,000 in fiscal
• $118,000 — scal 2023, $207,000 in fiscal 2022, and $118,000 in fiscal 2021. As of September 30, 202

Filing Documents

• rick-2024xdef_14aa.htm (DEF 14A) — 349KB
• image_0a.jpg (GRAPHIC) — 3KB
• image_1a.jpg (GRAPHIC) — 148KB
• image_2a.jpg (GRAPHIC) — 127KB
• proxy_01001.jpg (GRAPHIC) — 152KB
• proxy_01002.jpg (GRAPHIC) — 104KB
• proxy_02001.jpg (GRAPHIC) — 153KB
• proxy_02002.jpg (GRAPHIC) — 115KB
• 0001628280-24-031961.txt ( ) — 1453KB

From the Filing

DEF 14A 1 rick-2024xdef_14aa.htm DEF 14A RICK-2024-DEF_14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant X Filed by a Party other than the Registrant Check the appropriate box Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) X Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant Under Rule 14a-12 RCI Hospitality Holdings, Inc. (Name of Registrant as Specified in Its Charter) Payment of Filing Fee (Check the appropriate box) X No fee required Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 RCI HOSPITALITY HOLDINGS, INC. 10737 CUTTEN ROAD HOUSTON, TEXAS 77066 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON WEDNESDAY, AUGUST 28, 2024 The Annual Meeting of Stockholders (the "Annual Meeting") of RCI Hospitality Holdings, Inc. ("we," "us" and the "Company") will be held at our Bombshells Dallas location at 7501 N. Stemmons Freeway, Dallas, Texas 75247, on Wednesday, August 28, 2024, at 1000 a.m. (Central Time) for the following purposes (1) To elect six directors (2) To ratify the selection of Marcum LLP as our independent registered public accounting firm for the fiscal year ending September 30, 2024 (3) To approve a non-binding advisory resolution on executive compensation And to act upon such other business as may properly come before the Annual Meeting. Only holders of common stock of record at the close of business on July 3, 2024, will be entitled to vote at the Annual Meeting or any adjournment thereof. You are cordially invited to attend the Annual Meeting. We have elected to furnish proxy materials and our fiscal 2023 Annual Report on Form 10-K ("Annual Report") to many of our stockholders over the Internet pursuant to Securities and Exchange Commission rules, which should allow us to reduce costs. On or about July 16, 2024, we began mailing to our stockholders a Notice of Internet Availability of Proxy Materials (the "Notice") containing instructions on how to access our Proxy Statement and Annual Report and how to vote online. All stockholders who have previously expressed a specific request to receive paper copies of proxy materials will be sent a copy of the Proxy Statement and Annual Report by mail beginning on or about July 22, 2024. The Notice also contains instructions on how you can elect to receive a printed copy of the Proxy Statement and Annual Report, if you only received a Notice by mail. The Proxy Statement, Annual Report to security holders for the year ended September 30, 2023, and proxy card are available at www.proxyvote.com. Whether or not you plan to attend the Annual Meeting, it is important that your shares be represented and voted at the meeting. If you received the proxy materials by mail, you may vote your shares by completing, signing, dating, and returning your completed proxy card, by telephone or over the Internet. If you received the proxy materials over the Internet, a proxy card was not sent to you, and you may vote your shares only by telephone or over the Internet. To vote by telephone or Internet, follow the instructions included in the proxy statement. BY ORDER OF THE BOARD OF DIRECTORS ERIC S. LANGAN CHAIRMAN OF THE BOARD AND PRESIDENT July 16, 2024 HOUSTON, TEXAS Page 1 RCI HOSPITALITY HOLDINGS, INC. 10737 CUTTEN ROAD HOUSTON, TEXAS 77066 PROXY STATEMENT ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON AUGUST 28, 2024 This proxy statement (the "Proxy Statement") is being furnished to stockholders in connection with the solicitation of proxies by the Board of Directors of RCI Hospitality Holdings, Inc., a Texas corporation ("we," "us" and the "Company"), for their use at the Annual Meeting of Stockholders (the "Annual Meeting") to be held at our Bombshells Dallas location at 7501 N. Stemmons Freeway, Dallas, Texas 75247, on Wednesday, August 28, 2024, at 1000 a.m. (Central Time), and at any adjournments thereof, for the purpose of considering and voting upon the matters set forth in the accompanying Notice of Annual Meeting of Stockholders. We have elected to furnish proxy materials and our fiscal 2023 Annual Report on Form 10-K ("Annual Report") to many of our stockholders over the Internet pursuant to Securities and Exchange Commission ("SEC") rules, which should allow us to reduce costs. On or about July 16, 2024, we began mailing to most of our stockholders a Notice of Internet Availability of Proxy Materials (the "Notice") containing instructions on how to access our Proxy Statement and Annual Report and how to vote online. All stockholders who have previously expressed a specific r

View Full Filing

View this DEF 14A filing on SEC EDGAR