Regis Corp Files 8-K on Asset Sale and Equity Issuance

TL;DR

Regis Corp selling North American salons, filing shows equity sales too.

AI Summary

On June 24, 2024, Regis Corporation entered into a Material Definitive Agreement related to the sale of its North American company-owned salons. The filing also disclosed unregistered sales of equity securities and included financial statements and exhibits.

Why It Matters

This filing indicates significant strategic changes for Regis Corporation, potentially impacting its operational structure and financial performance through asset divestitures and equity transactions.

Risk Assessment

Risk Level: medium — The filing involves material definitive agreements and unregistered sales of equity, which can carry inherent risks related to deal completion and dilution.

Key Players & Entities

• REGIS CORP (company) — Registrant
• June 24, 2024 (date) — Date of earliest event reported
• 3701 Wayzata Boulevard (address) — Principal executive offices
• Minneapolis, Minnesota 55416 (address) — Principal executive offices
• 9529477777 (phone_number) — Registrant's telephone number

FAQ

From the Filing

0001193125-24-177293.txt : 20240710 0001193125-24-177293.hdr.sgml : 20240710 20240710164552 ACCESSION NUMBER: 0001193125-24-177293 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240624 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240710 DATE AS OF CHANGE: 20240710 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: 241110395 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 d572789d8k.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. The description of the Warrants set forth in Item 3.02 below is incorporated into this Item 1.01 by reference.   Item 3.02 Unregistered Sales of Equity Securities. As previously disclosed by Regis Corporation (the “Company”) on a Current Report on Form 8-K filed with the Securities and Exchange Commission on June 25, 2024 (the “Initial 8-K”), on June 24, 2024, the Company entered into a Financing Agreement (the “Agreement”) among the Company, as borrower, and ce