secwatch.observer — SEC 8-K summary
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Issuer:     RCI HOSPITALITY HOLDINGS, INC. (RICK)
CIK:        0000935419
Form:       8-K
Filed at:   2024-09-05T23:59:59+00:00
Accession:  0001628280-24-039549
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/935419/000162828024039549/0001628280-24-039549-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/935419/000162828024039549/rick-20240905.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-039549

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer