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Hot Stocks
Regis temporarily closes all salons, implements tiered wage reductions » 06:04
03/31/20
03/31
06:04
03/31/20
06:04
RGS

Regis

$6.37 /

-0.19 (-2.90%)

Regis announced it has…

Regis announced it has taken additional actions to mitigate the effect of the COVID-19 national emergency on its business operations. Effective immediately, Regis has temporarily closed all of its corporate owned salons for a period of at least two weeks due to the continuing uncertainty around the COVID-19 health crisis and escalating state-level or local government mandates. An insignificant number of the company's franchise locations remain operational at this time. Additionally, Regis is implementing a furlough program which impacts a substantial majority of its workforce representing approximately 485 positions across its corporate office, field support and distribution centers. This decision, which is effective as of April 5, and is anticipated to last no less than 30 days, follows the company's March 19th announcement that it had closed salons as required by government mandate, reduced salon hours and suspended the collection of franchisee ad fund fees. In order to mitigate the financial challenge of the furlough on its employees, Regis will pay the employee portion of benefits premiums during this period if the employee has coverage under Regis sponsored benefits plans. The company also implemented tiered temporary wage reductions for the CEO (60% reduction), vice presidents and above (30% reduction) and 20% for substantially all other employees who will be working full time during the period of the furlough. Additionally, the Board of Directors is waiving their fees during the period. Regis will continue to follow the guidelines of government and health officials in determining when it will reopen its salons and offices. Hugh Sawyer, Chairman, President and CEO of Regis stated, "Given the still uncertain duration and severity associated with the COVID-19 pandemic we have taken additional, aggressive steps to preserve the financial integrity of our company and to protect the safety of our employees and customers."

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Over a week ago
Hot Stocks
Regis falls -21.4% » 12:00
03/27/20
03/27
12:00
03/27/20
12:00
RGS

Regis

$6.89 /

-1.86 (-21.26%)

Regis is down -21.4%, or…

Regis is down -21.4%, or -$1.88 to $6.90.

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Hot Stocks
Regis trading resumes  09:37
03/27/20
03/27
09:37
03/27/20
09:37
RGS

Regis

$8.75 /

+0.51 (+6.19%)

 
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Hot Stocks
Regis trading halted, volatility trading pause  09:32
03/27/20
03/27
09:32
03/27/20
09:32
RGS

Regis

$8.75 /

+0.51 (+6.19%)

 
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Hot Stocks
Regis reports measures to mitigate COVID-19 impact » 06:05
03/19/20
03/19
06:05
03/19/20
06:05
RGS

Regis

$7.54 /

-1.43 (-15.94%)

Regis has, over the last…

Regis has, over the last few weeks, taken various actions to mitigate the effect on its customers, franchisees, and corporate business operations from the COVID-19 virus. Regis has taken a number of measures in its salon operations, including: Regis has temporarily suspended operations in certain areas as required by government mandate and has been adjusting days of service or reducing hours of operation at select company-owned salon locations where it supports the company's liquidity initiatives. Online check-in has been encouraged and utilized in our salons: Implemented an increased focus on cleanliness and sanitization. Close coordination of activities and risk mitigation efforts with all franchisees. At the corporate level, Regis's actions include the following additional measures: Regis has drawn an additional $183M from its current committed credit facility as a precautionary measure. Taking into account Regis's existing cash balance of approximately $61M and the $183M credit facility draw, Regis maintains approximately $244M of liquidity at this time. Regis has temporarily suspended the collection of ad fund fees from its franchisees from March 1st through June 30th of this year. All non-essential personnel work remotely.

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Conference/Events
Regis management to meet with Loop Capital » 04:55
03/12/20
03/12
04:55
03/12/20
04:55
RGS

Regis

$9.41 /

-0.705 (-6.97%)

Meetings to be held in…

Meetings to be held in San Francisco/Los Angeles, CA on March 11-12 hosted by Loop Capital.

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Conference/Events
Regis management to meet with Loop Capital » 04:55
03/11/20
03/11
04:55
03/11/20
04:55
RGS

Regis

$10.12 /

-0.13 (-1.27%)

Meetings to be held in…

Meetings to be held in San Francisco/Los Angeles, CA on March 11-12 hosted by Loop Capital.

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Conference/Events
Regis management to meet with Loop Capital » 08:56
03/09/20
03/09
08:56
03/09/20
08:56
RGS

Regis

$10.84 /

-0.24 (-2.17%)

Meetings to be held in…

Meetings to be held in San Francisco/Los Angeles, CA on March 11-12 hosted by Loop Capital.

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Over a month ago
Conference/Events
Regis management to meet with Loop Capital » 04:55
02/18/20
02/18
04:55
02/18/20
04:55
RGS

Regis

$13.40 /

-0.35 (-2.55%)

Meeting to be held in…

Meeting to be held in Minneapolis, MN on February 18 hosted by Loop Capital.

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Conference/Events
Regis management to meet with Loop Capital » 09:43
02/12/20
02/12
09:43
02/12/20
09:43
RGS

Regis

$13.18 /

+ (+0.00%)

Meeting to be held in…

Meeting to be held in Minneapolis, MN on February 18 hosted by Loop Capital.

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