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Stock impact report

Regis Corporation Adopts Tax Benefits Preservation Plan

Regis Corporation (RGS) 
Last regis corporation earnings: 2/3 05:27 pm Check Earnings Report
US:NYSE Investor Relations: regiscorp.com/investor/default.asp
Company Research Source: Business Wire
MINNEAPOLIS--(BUSINESS WIRE)--Regis Corporation (NasdaqGM:RGS) (“Regis” or the “Company”), today announced that its Board of Directors adopted a tax benefits preservation plan (the “Plan”) designed to preserve the availability of its net operating loss carryforwards (“NOLs”) and certain other tax attributes under the Internal Revenue Code (the “Code”).As of September 30, 2023, Regis had approximately $646 million of U.S. federal NOLs. These NOLs, the majority of which are not subject to any expiration date, represent a valuable asset to the company and are available to offset the Company’s current or future taxable income.Regis’ ability to use these NOLs (as well as certain other tax attributes) would be substantially limited if Regis were to experience an “ownership change” within the meaning of Section 382 of the Code. Generally, an “ownership change” occurs if the percentage of the Regis’ common shares owned by one or more of its “5-percent stockholders” (determined under Secti Show less Read more
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