Major shareholder Bill Charters joins Regis (RGS) board as independent director
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Regis Corporation appointed William “Bill” Charters as an independent director, effective April 24, 2026. He is described as one of the company’s largest individual shareholders and brings extensive experience in corporate credit, restructurings, capital markets and franchise-based business models.
Charters will receive restricted stock units valued at $44,712, vesting on the earlier of the first anniversary of grant or the next annual meeting, as a prorated award under the company’s standard director compensation program. With his addition, the Board now has seven directors, six of whom are independent, which the company highlights as aligned with its long-term transformation and shareholder value strategy.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Director RSU grant: $44,712
Board size after appointment: 7 directors
Independent directors: 6 independent directors
+1 more
4 metrics
Director RSU grant
$44,712
Restricted stock units for new director, prorated award
Board size after appointment
7 directors
Regis Corporation Board following Charters’ addition
Independent directors
6 independent directors
Board independence after Charters’ appointment
Salon locations
3,829 locations
Franchised or owned as of December 31, 2025
Key Terms
restricted stock units, independent member, franchise-based business models, unit-level economics, +1 more
5 terms
restricted stock units financial
"He will receive restricted stock units valued at $44,712 that vest"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
independent member financial
"appointment of William “Bill” Charters as an independent member of its Board"
franchise-based business models financial
"analyzing franchise-based business models"
unit-level economics financial
"improve unit-level economics, and drive long-term shareholder value"
emerging growth company regulatory
"Emerging growth company Regis Corporation on Form 8-K"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
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): April 10, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(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:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading symbol | Name of each exchange on which registered | ||||||||||||
| Rights to Purchase Series A Junior Participating Preferred Stock, $0.05 par value | RGS | 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. ☐
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 April 10, 2026, the Board of Directors of Regis Corporation (the “Company”) appointed William “Bill” Charters to the Board of Directors, effective April 24, 2026. The Board of Directors will consider any committee assignments for Mr. Charters at a later date. Mr. Charters will receive the Company’s standard director compensation, which is described under the heading “How Our Directors Are Paid” in the Company’s proxy statement for its 2025 annual meeting of shareholders. He will receive restricted stock units valued at $44,712 that vest on the earlier of the first anniversary of the date of grant or the Company’s next annual meeting of shareholders, representing a prorated amount of the restricted stock unit awards made to the Company’s other non-employee directors in November 2025, which will be granted on the first day of the next open trading window after the effective date of his appointment.
A copy of the press release announcing Mr. Charters’ election is attached herewith as Exhibit 99.1.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
Exhibit
Number
| 99.1 | Press Release dated April 15, 2026. | ||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | ||||
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: April 15, 2026 | By: | /s/ Kersten D. Zupfer | |||||||||
| Kersten D. Zupfer | |||||||||||
| Executive Vice President and Chief Financial Officer | |||||||||||
 | Exhibit No. 99.1 | ||||
Regis Corporation Announces Appointment of William “Bill” Charters as Independent Director
Appointment Adds Perspective from One of the Company’s Largest Individual Shareholders with Extensive Investment and Financial Experience
MINNEAPOLIS, April 15, 2026 — Regis Corporation (Nasdaq: RGS), a leading franchisor of haircare salons, today announced the appointment of William “Bill” Charters as an independent member of its Board of Directors, effective April 24, 2026.
Mr. Charters brings extensive experience as a public markets investor and financial strategist, with a background in corporate credit, restructurings, and complex transaction execution. His expertise includes evaluating capital structures, advising on corporate strategy, and analyzing franchise-based business models.
Susan Lintonsmith, President and Chief Executive Officer, commented, “We are pleased to welcome Bill to the Board. His perspective as a significant shareholder, combined with his deep experience in capital markets and complex business analysis, will be highly valuable as we continue executing our transformation strategy and evaluating opportunities to enhance long-term shareholder value.”
A CFA charterholder, Mr. Charters began his career in corporate credit and restructurings at Bank of America. He later became a partner at Botti Brown Asset Management, a multi-billion-dollar hedge fund, and went on to found his own investment firm, Sabal Capital Management. He also served as Managing Director at BRC Group Holdings (formerly B. Riley Financial). His experience includes capital allocation across the capital structure, structuring large and complex transactions, franchise-related due diligence, and strategic investment decisions. As one of the largest individual shareholders of Regis, he brings strong alignment with the company’s long-term growth objectives, along with deep expertise in evaluating operational performance and financing alternatives within franchise systems.
Bill Charters commented, “I am excited to join the Regis Board. The company has made meaningful progress strengthening its operational and financial foundation, and I see clear opportunities to build on this momentum. I look forward to working with the Board and management team to further enhance performance, improve unit-level economics, and drive long-term shareholder value.”
With this appointment, the Board of Directors of Regis Corporation now consists of seven directors, six of whom are independent.
About Regis Corporation
Regis Corporation (NasdaqGM:RGS) is a leader in the haircare industry. As of December 31, 2025, the Company franchised or owned 3,829 locations. Regis’ franchised and corporate locations operate under concepts such as Supercuts®, SmartStyle®, Cost Cutters®, Roosters® and First Choice Haircutters®. For additional information about the Company, please visit the Investor Relations section of the corporate website at www.regiscorp.com.
CONTACT: REGIS CORPORATION:
Kersten Zupfer
investorrelations@regiscorp.com
HAYDEN IR:
James Carbonara
James@haydenir.com
(646) 755-7412
Brett Maas
brett@haydenir.com
(646) 536-7331
FAQ
What did Regis Corporation (RGS) announce regarding its Board of Directors?
Regis Corporation announced the appointment of William “Bill” Charters as an independent director, effective April 24, 2026. Charters is described as one of the company’s largest individual shareholders and brings extensive capital markets, restructuring, and franchise business experience to support Regis’ ongoing transformation strategy.
How will William “Bill” Charters be compensated as a Regis (RGS) director?
William “Bill” Charters will receive Regis’ standard director compensation, including restricted stock units valued at $44,712. These RSUs vest on the earlier of the first anniversary of the grant date or the next annual meeting, reflecting a prorated award versus other non-employee directors’ November 2025 grants.
How does Bill Charters’ background align with Regis Corporation’s (RGS) strategy?
Bill Charters has experience in corporate credit, restructurings, and complex transaction execution, along with franchise-related due diligence. Regis highlights his perspective as a significant shareholder and financial strategist as supportive of its transformation strategy, capital structure evaluation, and focus on improving unit-level economics and long-term shareholder value.
What is the new composition of the Regis Corporation (RGS) Board after Charters’ appointment?
After William “Bill” Charters joins, the Regis Board will consist of seven directors, six of whom are independent. The company emphasizes this structure as providing independent oversight while adding a director who is also one of its largest individual shareholders, aligning governance with shareholder interests.
How large is Regis Corporation’s (RGS) salon footprint mentioned in the announcement?
Regis Corporation reported that, as of December 31, 2025, it franchised or owned 3,829 locations. These salons operate under brands such as Supercuts, SmartStyle, Cost Cutters, Roosters, and First Choice Haircutters, reflecting Regis’ scale as a leading franchisor in the haircare industry.