Current Report Filing (8-k)
July 02 2021 - 4:31PM
Edgar (US Regulatory)
0000935419
false
0000935419
2021-07-01
2021-07-01
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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): July 1, 2021
RCI
HOSPITALITY HOLDINGS, INC.
(Exact
Name of Registrant as Specified in Its Charter)
Texas
|
|
001-13992
|
|
76-0458229
|
(State
or Other Jurisdiction
of
Incorporation)
|
|
(Commission
File
Number)
|
|
(IRS
Employer
Identification
No.)
|
10737
Cutten Road
Houston,
Texas 77066
(Address
of Principal Executive Offices, Including Zip Code)
(281)
397-6730
(Issuer’s
Telephone Number, Including Area Code)
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:
☐
|
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, $0.01 par value
|
|
RICK
|
|
The
Nasdaq Global 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
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
(e)
On July 1, 2021, we entered into new two year employment agreements with each of our executive officers, including Eric Langan,
our Chief Executive Officer and President; Bradley Chhay, our Chief Financial Officer;
and Travis Reese, our Executive Vice President and Secretary. Under their respective new agreements, Mr. Langan’s annual
salary is $1,700,000; Mr. Chhay’s annual salary is $425,000;
and Mr. Reese’s annual salary is $420,000. Each of the agreements has a term that commenced on July 1, 2021 and ends on
June 30, 2023. Each of the agreements also provides for bonus eligibility, expense reimbursement, health benefits, participation in our
benefit plans, use of a company-owned automobile, access to company-owned aircraft (subject to the terms and conditions of our corporate
aircraft policy), and two weeks paid vacation annually. Under the terms of the agreements,
each executive is bound to a confidentiality provision and cannot compete with us for a period upon termination of the agreement.
Copies
of the new employment agreements are included as Exhibits 10.1, 10.2, and
10.3 to this current report.
ITEM
9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d)
Exhibits.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
RCI
Hospitality Holdings, INC.
|
|
|
|
Date:
July 2, 2021
|
By:
|
/s/
Eric Langan
|
|
|
Eric
Langan
|
|
|
President
and Chief Executive Officer
|
RCI Hospitality (NASDAQ:RICK)
Historical Stock Chart
From May 2024 to Jun 2024
RCI Hospitality (NASDAQ:RICK)
Historical Stock Chart
From Jun 2023 to Jun 2024