---
schema_version: "secwatch.filing_event.v1"
accession: "0000716643-24-000023"
form_type: "8-K"
ticker: "RGS"
cik: "0000716643"
company_name: "REGIS CORP"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T21:15:55.556151+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Regis sells 55.1% stake in EEG for $1, exits cosmetology school operations

## Summary
- Sold 55.1% ownership interest in EEG, Inc. for $1.00 cash; no further interest in cosmetology schools.
- Concurrently terminated Preferred Salon and Master Supply Agreements with EEG.
- Closing occurred on May 2, 2024; all customary conditions satisfied.
- No retained liabilities or obligations from the divested business.

## SEC filing metadata
- accession: 0000716643-24-000023
- form_type: 8-K
- ticker: RGS
- cik: 0000716643
- company_name: REGIS CORP
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/716643/000071664324000023/0000716643-24-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/716643/000071664324000023/rgs-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000716643-24-000023
- JSON: https://secwatch.observer/filing/0000716643-24-000023.json
- Plain text: https://secwatch.observer/filing/0000716643-24-000023.txt

## Key facts
- Material Agreements
  REGIS CORP entered into Stock Purchase Agreement with EEG, Inc. and Franklin Schoeneman valued at $1.00 (effective 2024-05-02).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: EEG, Inc. and Franklin Schoeneman
  - Value: $1.00
  - Effective: 2024-05-02
  source text: On May 2, 2024, Regis Corporation (the “Company”) entered into a Stock Purchase Agreement (the “Purchase Agreement”) with EEG, Inc. (“EEG”) and Franklin Schoeneman. Pursuant to the Purchase Agreement, at the closing on May 2, 2024, the Company sold to EGG the Company’s entire 55.1% ownership interest in EEG for an aggregate purchase price of $1.00, and no longer has any interest the operation of cosmetology schools.
  evidence_url: https://www.sec.gov/Archives/edgar/data/716643/000071664324000023/0000716643-24-000023-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.