HOUSTON, Sept. 14, 2020 /PRNewswire/ -- RCI Hospitality
Holdings, Inc. (Nasdaq: RICK) announced Bradley Chhay will succeed Phillip Marshall as Chief Financial Officer
effective today as part of a planned transition.
Mr. Marshall, 70, who has been CFO since 2007, will continue as
part of RCI's Financial Team to assist in ensuring a
smooth transition and will continue focusing on
income tax matters. "We thank Phil for his loyal and dedicated
service as our CFO for more than 13 years," said Eric Langan, President & CEO. "His
contributions to RCI have been essential in building the strong
foundation we have today."
In his new position, Mr. Chhay, 36, will be responsible for
managing all financial functions and strategy, as well as corporate
development, mergers and acquisitions, and integration. After
briefly serving as CFO for a smaller, privately-held, multi-unit
restaurant chain, Mr. Chhay joined RCI in November 2015 as Controller, in charge of
migrating the company to an upgraded ERP system, enhancing internal
and external audit and SEC reporting functions, and executing due
diligence for M&A.
"We welcome Bradley as our new CFO," Mr. Langan said.
"Throughout his nearly 15 years in accounting, auditing, taxation,
and risk management, he has built teams and processes, and aligned
financial and business metrics, to support corporate strategy and
automation. His extensive skills are enhanced through experience in
relevant industries, including hospitality, entertainment,
restaurants, and technology."
From 2013-2015, Mr. Chhay was an Audit Supervisor and Global ERP
Project Lead for RigNet, Inc. of Houston, a publicly-traded
digital technology company serving the oil and gas, maritime and
government markets. From 2009-2013, he served as Internal Audit
Senior, IT Auditor, and Senior Fraud Auditor for Live Nation
Entertainment, Inc. of Beverly Hills, CA, a
publicly-traded company that markets tickets for live entertainment
worldwide, owns and operates entertainment venues, and manages
music artists. His experience also includes designing and
implementing new financial reporting technology, as well as
coordinating the implementation of Sarbanes Oxley, acquisition, and
fraud audit engagements. Prior to Live Nation, he was an auditor
for Deloitte & Touche LLP.
Mr. Chhay earned a Bachelor of Business Administration in
Accounting and a Master of Science in Accountancy from the
University of Houston. Additionally, he
is a Certified Public Accountant (CPA), Certified Fraud Examiner
(CFE), and Certified Information Systems Auditor (CISA).
About RCI Hospitality Holdings, Inc. (Nasdaq: RICK)
With more than 40 units, RCI Hospitality Holdings, Inc., through
its subsidiaries, is the country's leading company in gentlemen's
clubs and sports bars/restaurants. Clubs in New York City, Chicago, Dallas/Ft.
Worth, Houston,
Miami, Minneapolis, St.
Louis, Charlotte, Pittsburgh, and other markets operate under
brand names such as Rick's Cabaret, XTC, Club Onyx, Vivid Cabaret,
Jaguars Club, Tootsie's Cabaret, and Scarlett's Cabaret. Sports
bars/restaurants operate under the brand name Bombshells Restaurant
& Bar. Please visit http://www.rcihospitality.com/.
Media & Investor Contacts
Gary Fishman and Steven Anreder at 212-532-3232 or
gary.fishman@anreder.com and steven.anreder@anreder.com
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SOURCE RCI Hospitality Holdings, Inc.