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): October 2, 2011
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) |
7201 Metro Boulevard
Minneapolis, MN 55439
(Address of principal executive offices and zip code)
(952) 947-7777
(Registrant’s telephone number, including area code)
(Not applicable)
(Former name or former address, if changed from 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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Regis Corporation
Current Report on Form 8-K
ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On October 2, 2011, the Board of Directors of Regis Corporation (the “Company”) appointed Randy L. Pearce as Chief Executive Officer effective February 9, 2012. Mr. Pearce currently serves as the Company’s President, a position he has held since February 2, 2011, and thus will hold the title of President and Chief Executive Officer commencing February 9, 2012. Mr. Pearce served as Senior Executive Vice President of the Company from 2006 to 2011, as Executive Vice President from 1999 to 2006, as Chief Administrative Officer from 1999 to 2011 and as Chief Financial Officer from 1998 to 2011. Additionally, he was Senior Vice President, Finance from 1998 to 1999, Vice President of Finance from 1995 to 1997 and Vice President of Financial Reporting from 1991 to 1994. Mr. Pearce will hold his office until a successor has been duly elected, or until his prior resignation or removal. A copy of the News Release issued by the Company in connection with this appointment is attached as Exhibit 99 and incorporated by reference herein.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
|
EXHIBIT |
|
|
|
|
|
|
|
99 |
|
Regis Corporation News Release dated October 3, 2011. |
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
|
REGIS CORPORATION | ||
|
|
|
|
|
|
|
|
|
|
|
Dated: October 5, 2011 |
|
By: |
/s/ Eric Bakken |
|
|
|
|
Name: Eric Bakken, Title: Secretary |
Exhibit 99
REGIS CORPORATION NAMES RANDY L. PEARCE CHIEF EXECUTIVE OFFICER EFFECTIVE FEBRUARY 2012
26-Year Regis Veteran with Proven Track Record of Leadership
Minneapolis, MN — October 3, 2011 — Regis Corporation (NYSE: RGS), the global leader in the $160 billion hair care industry, today announced the next step in its planned CEO succession process: the Regis Board of Directors has named Randy L. Pearce, currently President of Regis, as Chief Executive Officer, effective in February 2012. Mr. Pearce will succeed Paul D. Finkelstein.
“Randy has done an outstanding job as President and we are thrilled to announce his upcoming appointment as Chief Executive Officer of Regis,” said Paul D. Finkelstein, Chairman and Chief Executive Officer. “We believe this is a great next step in what has been a thoughtful and planned CEO succession process begun more than three years ago. Randy has extensive knowledge of Regis and the industry and is the driving force behind the key operational and cost savings changes that are underway at the Company. He is a proven leader and is already attacking his mandate with an urgent and clear focus on enhancing shareholder value. We are confident that Randy is the right person to lead Regis forward.”
“I am excited to have the opportunity to lead Regis into the future and execute on the important operational and cost cutting initiatives being implemented at the Company,” said Randy L. Pearce, President. “Paul has done an exemplary job of making Regis what it is today, and I am pleased to be working from the strong base he has established. I am proud to have helped Regis expand its position as the global leader in the hair care industry over the past 26 years, and when I continue my service as Chief Executive Officer, my goal will be to position Regis to succeed in the future. I value the confidence the Board has placed in me and look forward to enhancing long-term value for Regis shareholders.”
About Randy L. Pearce
Mr. Pearce, age 56, joined Regis Corporation in 1985 after serving four years with the international public accounting firm of Coopers & Lybrand, and has moved through a variety of finance positions at Regis.
Mr. Pearce holds a Bachelor of Arts degree in Accounting from the University of Northern Iowa. He is a graduate of the University of Minnesota’s Carlson School Executive Management program. He is a CPA and an active member of the American Institute of Certified Public Accountants, the Financial Executives Institute (FEI) and the International Council of Shopping Centers (ICSC). He also serves on the board of Ascena Retail Group (Nasdaq: ASNA) as well as the Boy Scouts of America.
About Regis Corporation
Regis Corporation (NYSE:RGS) is the beauty industry’s global leader in beauty salons, hair restoration centers and cosmetology education. As of June 30, 2011, the Company owned, franchised or held ownership interests in approximately 12,700 worldwide locations. Regis’ corporate and franchised locations operate under concepts such as Supercuts, Sassoon Salon, Regis Salons, MasterCuts, SmartStyle, Cost Cutters, Cool Cuts 4 Kids and Hair Club for Men and Women. In addition, Regis maintains an ownership interest in Provalliance, which operates salons primarily in Europe, under the brands of Jean Louis David, Franck Provost and Saint Algue. Regis also maintains ownership interests in Empire Education Group in the U.S. and the MY Style concepts in Japan. System-wide, these and other concepts are located in the U.S. and in over 30 other countries in North America, South America, Europe, Africa and Asia. For additional information about the company, please visit the Investor Information section of the corporate website at www.regiscorp.com.