The Press Release Resource

• Tweet

• Tweet

The Shareholders Foundation announces that an investigation on behalf of investors in shares of Regis Corporation (NYSE:RGS) was launched over possible breaches of fiduciary duties by certain officers and directors at Regis Corporation in connection with certain company executives compensation.

Investors who purchased shares of Regis Corporation (NYSE: RGS) have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Regis Corporation (Public, NYSE:RGS) concerning whether certain of its officers and directors, or others have possibly breached their fiduciary duties by giving certain company executives allegedly excessive raises despite that shareholders explicitly rejected them.

Shares of Regis Corporation (Public, NYSE:RGS) November 2010 NYSE: RGS shares fell from to slightly over $21 per to as low as $13.40 in September 2011.

Some salaries of certain top officers at Regis Corporation increased from 2009 to 2010 and from 2009 to 2011. The Chairman of the Board of Directors and Chief Executive Officer’s base salary rose from $1.2million in 2009 to $1.42million in 2010, respectively $1.34million for 2011. The President’s base salary rose from about $665,000 in 2009 to roughly $717,000 in 2010. The base salaries for the Executive VP – Fashion, Education and Marketing – increased from about $498,000 in 09 to $540,000 in 2010, respectively $550,000 in 2011, the base salary of the Executive VP – Regis Corp /President, Franchise Division grew from about $462,000 in 09 to $505,000 for 2010 and $519,000 in 2011, and the salary of the Executive VP – Design and Construction- increased from roughly $382,000 in 09 to $412,000 in 2010 and $419,000 in 2011.

But Regis Corporation’s shareholders recently expressed their disdain for executive pay packages by voting “no” on Regis’ say on pay provision.

Those who purchased shares of Regis Corporation (NYSE: RGS) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Joelle Day
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone:  +1-(858)-779-1554
Fax:  +1-(858)-605-5739
mail(at)shareholdersfoundation.com