Regis Corporation Executive Employment Offer Letter to Andrew Lacko (EVP & Chief Financial Resources Officer)

Summary

Regis Corporation offers Andrew Lacko the position of Executive Vice President and Chief Financial Resources Officer, effective July 1, 2017. The agreement outlines a base salary of $495,000, annual bonus opportunity, equity grants, and various one-time compensations including a signing bonus, moving costs, and real estate commission reimbursement. The total estimated recurring compensation is $1,224,000, with up to $575,000 in one-time payments. The offer is confirmed by signatures from both parties.

EX-10.R 7 rgs-2017x0630xex10r.htm EX-10(R)* Exhibit

Exhibit No. 10(r)*

[Regis Corporation letterhead]

June 16, 2017

Mr. Andrew Lacko

[address]

Dear Andrew,

This is provided to confirm the financial terms of our offer of employment as Executive Vice President and Chief Financial Resources Officer of Regis Corporation.

Effective date: July 1, 2017

Recurring Compensation:


•	Base salary: $495,000


•	Perk compensation: $32,000


•	Annual Bonus Opportunity: 60% of base compensation


•	Equity Grant August 2017: $400,000 (Estimate: 60% PSU’s and 40% RSU’s consistent with company policy).

Total Estimated Recurring Compensation (assuming future equity grants): $1,224,000

One-Time Compensation:


•	Moving Costs: Up to $50,000 based on actual receipts


•	Real Estate Commission: Up to $50,000 should you sell your home in the first year of employment


•	Signing Bonus: $125,000


•	Additional Equity Award: $350,000 (in form of RSU’s priced at DOH)

One-Time Compensation: $575,000 (assuming full payment of moving costs and real estate commissions).

I am delighted to have you join our executive management team and look forward to serving with you in the years ahead. Please sign below to indicate your approval.

Sincerely,



/s/ Hugh Sawyer / by EAB		/s/ Andrew Lacko
Hugh Sawyer		Andrew Lacko
President & CEO