RCI Hospitality enters new 2-year employment agreements with CEO Langan and EVP Reese

RCI HOSPITALITY HOLDINGS, INC.

New 2-year deals for CEO Eric Langan and EVP/Secretary Travis Reese, effective Sept 1, 2024 to Aug 31, 2026.
Reese's annual salary increases to $575,000; Langan's salary unchanged at $1,700,000.
Agreements include bonus eligibility, benefits, car/aircraft use, vacation, confidentiality, and non-compete.
Termination without cause or for good reason triggers lump-sum payment of remaining salary.

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