Regis Corp Enters New Agreement, Terminates Old One

Ticker: RGS · Form: 8-K · Filed: 2024-06-25T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, termination, financial-obligation

TL;DR

Regis Corp just signed a new deal and ditched an old one. Big changes coming.

AI Summary

On June 24, 2024, Regis Corporation entered into a Material Definitive Agreement and simultaneously terminated a prior Material Definitive Agreement. The company also incurred a Direct Financial Obligation. Further details regarding these transactions and their financial implications are provided in the filing.

Why It Matters

This filing indicates a significant shift in Regis Corporation's contractual relationships, potentially impacting its operational structure and financial obligations.

Risk Assessment

Risk Level: medium — The entry into a new material definitive agreement and termination of another suggests significant strategic or operational changes that could carry inherent risks.

Key Players & Entities

FAQ

What is the nature of the new Material Definitive Agreement entered into by Regis Corporation?

The filing states that Regis Corporation entered into a Material Definitive Agreement on June 24, 2024, but does not specify its nature or terms within the provided text.

Which specific Material Definitive Agreement was terminated by Regis Corporation?

The filing indicates the termination of a Material Definitive Agreement on June 24, 2024, but does not name the specific agreement that was terminated.

What is the Direct Financial Obligation incurred by Regis Corporation?

The filing confirms the creation of a Direct Financial Obligation by Regis Corporation on June 24, 2024, but does not provide specific details about the obligation itself.

What is the significance of the Regulation FD Disclosure mentioned in the filing?

The Regulation FD Disclosure item indicates that the company is providing information to ensure fair and widespread disclosure of material information, as required by the regulation.

When was Regis Corporation incorporated and in which state?

Regis Corporation was incorporated in Minnesota, as indicated by the filing.

From the Filing

0001193125-24-167408.txt : 20240625 0001193125-24-167408.hdr.sgml : 20240625 20240625060432 ACCESSION NUMBER: 0001193125-24-167408 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240624 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Termination of a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240625 DATE AS OF CHANGE: 20240625 FILER: COMPANY DATA: COMPANY CONFORMED NAME: REGIS CORP CENTRAL INDEX KEY: 0000716643 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PERSONAL SERVICES [7200] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 410749934 STATE OF INCORPORATION: MN FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12725 FILM NUMBER: 241066085 BUSINESS ADDRESS: STREET 1: 3701 WAYZATA BLVD STREET 2: SUITE 500 CITY: MINNEAPOLIS STATE: MN ZIP: 55416 BUSINESS PHONE: 9529477777 MAIL ADDRESS: STREET 1: 3701 WAYZATA BLVD STREET 2: SUITE 500 CITY: MINNEAPOLIS STATE: MN ZIP: 55416 8-K 1 d769948d8k.htm 8-K 8-K REGIS CORP false 0000716643 0000716643 2024-06-24 2024-06-24     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM  8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 24, 2024     REGIS CORPORATION (Exact name of registrant as specified in its charter)       Minnesota   1-12725   41-0749934 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   3701 Wayzata Boulevard Minneapolis , Minnesota 55416 (Address of principal executive offices, including zip code) (952) 947-7777 (Registrant’s telephone number, including area code)   (Former name or former address, if changed since last report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, par value $0.05 per share   RGS   The Nasdaq Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 1.01. Entry into a Material Definitive Agreement. In connection with the previously announced review of strategic alternatives to proactively assess Regis Corporation’s (the “ Company ”) capital structure, on June 24, 2024, the Company entered into a Financing Agreement (th

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