---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-025187"
form_type: "8-K"
ticker: "RICK"
cik: "0000935419"
company_name: "RCI HOSPITALITY HOLDINGS, INC."
filed_at: "2024-05-24T23:59:59+00:00"
generated_at: "2026-06-01T09:00:11.010154+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# RCI settles shareholder derivative suit with governance reforms and $1.2M fee award

## Summary
- Derivative action alleged material weaknesses in internal controls and undisclosed related-party transactions; defendants deny wrongdoing.
- Settlement includes adoption of corporate governance reforms and payment of $1.2M in attorneys' fees by insurer.
- Court preliminarily approved settlement on May 13, 2024; final approval hearing set.
- No admission of liability; settlement avoids further litigation costs and uncertainty.
- Independent board directors of RCI approved settlement as fair and in best interests of shareholders.

## SEC filing metadata
- accession: 0001628280-24-025187
- form_type: 8-K
- ticker: RICK
- cik: 0000935419
- company_name: RCI HOSPITALITY HOLDINGS, INC.
- filed_at: 2024-05-24T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/935419/000162828024025187/0001628280-24-025187-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/935419/000162828024025187/rick-20240524.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-025187
- JSON: https://secwatch.observer/filing/0001628280-24-025187.json
- Plain text: https://secwatch.observer/filing/0001628280-24-025187.txt

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