Regis Corp Adopts Tax Benefits Preservation Plan

Regis Corp (RGS) has released an update to notify the public and investors about an entry into a material definitive agreement.

The Board of Directors of Regis Corporation adopted a Tax Benefits Preservation Plan and approved the issuance of Series A Junior Participating Preferred Stock as detailed in the Certificate of Designation filed with the Minnesota Secretary of State. A comprehensive description of the Plan and the rights and preferences of the stock is included in the Current Report, with the relevant documents attached as exhibits. Additionally, a press release was issued to announce the approval of the Plan, which is not considered “filed” under the Securities Exchange Act but is provided for informational purposes.

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For a comprehensive understanding of the announcement, you can read the full document here.