<SEC-DOCUMENT>0001062993-14-005178.txt : 20140822
<SEC-HEADER>0001062993-14-005178.hdr.sgml : 20140822
<ACCEPTANCE-DATETIME>20140822154735
ACCESSION NUMBER:		0001062993-14-005178
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20140822
DATE AS OF CHANGE:		20140822
GROUP MEMBERS:		BRC ADVISORS GP, LLC
GROUP MEMBERS:		DANIEL GORDON BELTZMAN
GROUP MEMBERS:		GREGORY HOWARD SMITH

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			REGIS CORP
		CENTRAL INDEX KEY:			0000716643
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PERSONAL SERVICES [7200]
		IRS NUMBER:				410749934
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-42627
		FILM NUMBER:		141060289

	BUSINESS ADDRESS:	
		STREET 1:		7201 METRO BLVD
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55439
		BUSINESS PHONE:		9529477777

	MAIL ADDRESS:	
		STREET 1:		7201 METRO BLVD
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55439

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Birch Run Capital Advisors, LP
		CENTRAL INDEX KEY:			0001541457
		IRS NUMBER:				204950949
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		1350 BROADWAY SUITE 2412
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10018
		BUSINESS PHONE:		(212) 433-1980

	MAIL ADDRESS:	
		STREET 1:		1350 BROADWAY SUITE 2412
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10018

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Birch Run Capital, LLC
		DATE OF NAME CHANGE:	20120206
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>sc13da.htm
<DESCRIPTION>SC 13D/A
<TEXT>
<HTML>
<HEAD>
   <TITLE>Birch Run Capital Advisors, LP: Schedule 13D/A - Filed by newsfilecorp.com</TITLE>
</HEAD>

<BODY style="font-size:10pt;">

<HR noshade align="center" width=100% size=3 color="black">
<A name=page_1></A>
<P align=center><B><FONT size=5>UNITED STATES </FONT><BR></B><B><FONT
size=5>SECURITIES AND EXCHANGE COMMISSION </FONT><BR>Washington, D.C. 20549
</B></P>
<P align=center><B><FONT size=5>SCHEDULE 13D </FONT></B></P>
<P align=center>Under the Securities Exchange Act of 1934 (Amendment No. 4) </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT
      size=5>Regis Corporation </FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD align=center>(Name of Issuer) </TD></TR>
  <TR>
    <TD>&nbsp; </TD></TR>
  <TR>
    <TD>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B>Common Stock,
      par value $0.05 per share </B></TD></TR>
  <TR vAlign=bottom>
    <TD align=center>(Title of Class of Securities) </TD></TR>
  <TR>
    <TD>&nbsp; </TD></TR>
  <TR>
    <TD>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B>758932107
    </B></TD></TR>
  <TR vAlign=bottom>
    <TD align=center>(CUSIP Number) </TD></TR>
  <TR>
    <TD>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD align=center>Caren Abramovich </TD></TR>
  <TR vAlign=bottom>
    <TD align=center>Birch Run Capital Advisors, LP </TD></TR>
  <TR vAlign=bottom>
    <TD align=center>1350 Broadway </TD></TR>
  <TR vAlign=bottom>
    <TD align=center>Suite 2412 </TD></TR>
  <TR vAlign=bottom>
    <TD align=center>New York, NY 10018 </TD></TR>
  <TR vAlign=bottom>
    <TD align=center>(212) 433 &#150; 1980 </TD></TR>
  <TR>
    <TD>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD align=center><I>with a copy to: </I></TD></TR>
  <TR vAlign=bottom>
    <TD align=center>Douglas Rappaport </TD></TR>
  <TR vAlign=bottom>
    <TD align=center>Akin Gump Strauss Hauer &amp; Feld LLP </TD></TR>
  <TR vAlign=bottom>
    <TD align=center>One Bryant Park </TD></TR>
  <TR vAlign=bottom>
    <TD align=center>New York, NY 10036 &#150; 6745 </TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center>(212) 872 - 1000
    </TD></TR>
  <TR vAlign=top>
    <TD align=center>(Name, Address and Telephone Number of Person Authorized
      to Receive Notices and Communications) </TD></TR>
  <TR>
    <TD>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B>August 21,
      2014 </B></TD></TR>
  <TR vAlign=bottom>
    <TD align=center>(Date of Event which Requires Filing of this Statement)
    </TD></TR></TABLE>
<P align=justify>If the filing person has previously filed a statement on
Schedule 13G to report the acquisition that is the subject of this Schedule 13D,
and is filing this schedule because of 240.13d -1(e), 240.13d -1(f) or 240.13d
-1(g), check the following box [ ]. </P>
<P align=justify>Note: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See 240.13d
-7(b) for other parties to whom copies are to be sent. </P>
<P align=justify>*The remainder of this cover page shall be filled out for a
reporting person&#146;s initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page. </P>
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noShade SIZE=5>
<!--$$/page=--><A name=page_2></A>
<P align=right>Page 2 </P>
<P align=justify>The information required on the remainder of this cover page
shall not be deemed to be &#147;filed&#148; for the purpose of Section 18 of the
Securities Exchange Act of 1934 (&#147;Act&#148;) or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).</P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_3></A>
<P align=center><B>SCHEDULE 13D </B></P>
<DIV align=left>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="40%" border=1>

  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B>CUSIP No.
      </B><B>758932107 </B></TD></TR></TABLE></DIV><BR>
<DIV>
<TABLE
style="FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; border-left-color:black; border-right-color:black; border-top-color:black; border-bottom-color:black; border-bottom-width:0"
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD align=left width="5%"><B>1 </B><BR><BR></TD>
    <TD align=left width="95%">NAMES OF REPORTING PERSONS <BR>I.R.S.
      IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) <BR>Birch Run Capital
      Advisors, LP* </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%"><B>2 </B><BR><BR></TD>
    <TD align=left width="95%">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<BR>(a) [&nbsp; ] <BR>(b) [&nbsp; ] </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%"><B>3 </B><BR></TD>
    <TD align=left width="95%">SEC USE ONLY <BR></TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%"><B>4 </B><BR></TD>
    <TD align=left width="95%">SOURCE OF FUNDS (See Instructions) <BR>N/A
  </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%"><B>5 </B><BR></TD>
    <TD align=left width="95%">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS
      REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) <BR>[&nbsp; ] </TD></TR>
  <TR vAlign=top>
    <TD align=left style="border-bottom-style: none; border-bottom-width: medium" width="5%"><B>6 </B><BR></TD>
    <TD align=left width="95%" style="border-bottom-style: none; border-bottom-width: medium">CITIZENSHIP OR PLACE OF ORGANIZATION
      <BR>Delaware </TD></TR></TABLE></DIV>
<DIV>
<TABLE
style="FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; border-left-color:black; border-right-color:black; border-top-color:black; border-bottom-color:black; border-bottom-width:0"
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD noWrap align=center rowSpan=4 style="border-bottom-style: none; border-bottom-width: medium" width="10%" >NUMBER OF <BR>SHARES
      <BR>BENEFICIALLY <BR>OWNED BY <BR>EACH <BR>REPORTING <BR>PERSON <BR>WITH
    </TD>
    <TD noWrap align=left width="5%" ><B>7 </B><BR></TD>
    <TD align=left width="85%">SOLE VOTING POWER <BR>0 </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left width="5%" ><B>8 </B><BR></TD>
    <TD align=left width="85%">SHARED VOTING POWER <BR>8,504,788 </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left width="5%" ><B>9 </B><BR></TD>
    <TD align=left width="85%">SOLE DISPOSITIVE POWER <BR>0 </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left width="5%" style="border-bottom-style: none; border-bottom-width: medium" ><B>10 </B><BR></TD>
    <TD align=left width="85%" style="border-bottom-style: none; border-bottom-width: medium">SHARED DISPOSITIVE POWER <BR>9,996,589
  </TD></TR></TABLE></DIV>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD align=left width="5%" ><B>11 </B><BR></TD>
    <TD align=left width="95%">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
      REPORTING PERSON <BR>9,996,589 </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%" ><B>12 </B><BR></TD>
    <TD align=left width="95%">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
      EXCLUDES CERTAIN SHARES (See Instructions) <BR>[&nbsp; &nbsp;] </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%" ><B>13 </B><BR></TD>
    <TD align=left width="95%">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
      (11) <BR>17.6%** </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%" ><B>14 </B><BR></TD>
    <TD align=left width="95%">TYPE OF REPORTING PERSON (See Instructions)
      <BR>IA </TD></TR></TABLE></DIV>
<P align=justify>*Birch Run Capital Advisors, LP is a registered investment
adviser. </P>
<P align=justify>**This calculation is based on a total of 56,698,587 shares of
the issuer&#146;s common stock outstanding as of December 31, 2013, as last reported
by the issuer in its Form 8-K filed with the U.S. Securities and Exchange
Commission January 27, 2014. </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_4></A>
<P align=right>Page 2 </P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="40%" border=1>

  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B>CUSIP No.
      </B><B>758932107 </B></TD></TR></TABLE></DIV><BR>
<DIV>
<TABLE
style="FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; border-left-color:black; border-right-color:black; border-top-color:black; border-bottom-color:black; border-bottom-width:0"
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD align=left><B>1 </B><BR><BR></TD>
    <TD align=left width="95%">NAMES OF REPORTING PERSONS <BR>I.R.S.
      IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) <BR>BRC Advisors GP,
      LLC* </TD></TR>
  <TR vAlign=top>
    <TD align=left><B>2 </B><BR><BR></TD>
    <TD align=left width="95%">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<BR>(a) [&nbsp; ] <BR>(b) [&nbsp; ] </TD></TR>
  <TR vAlign=top>
    <TD align=left><B>3 </B><BR></TD>
    <TD align=left width="95%">SEC USE ONLY <BR></TD></TR>
  <TR vAlign=top>
    <TD align=left><B>4 </B><BR></TD>
    <TD align=left width="95%">SOURCE OF FUNDS (See Instructions) <BR>N/A
  </TD></TR>
  <TR vAlign=top>
    <TD align=left><B>5 </B><BR></TD>
    <TD align=left width="95%">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS
      REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) <BR>[&nbsp; ] </TD></TR>
  <TR vAlign=top>
    <TD align=left style="border-bottom-style: none; border-bottom-width: medium"><B>6 </B><BR></TD>
    <TD align=left width="95%" style="border-bottom-style: none; border-bottom-width: medium">CITIZENSHIP OR PLACE OF ORGANIZATION
      <BR>Delaware </TD></TR></TABLE></DIV>
<DIV>
<TABLE
style="FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; border-left-color:black; border-right-color:black; border-top-color:black; border-bottom-color:black; border-bottom-width:0"
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD noWrap align=center rowSpan=4 style="border-bottom-style: none; border-bottom-width: medium" width="10%">NUMBER OF <BR>SHARES <BR>BENEFICIALLY
      <BR>OWNED BY <BR>EACH <BR>REPORTING <BR>PERSON <BR>WITH </TD>
    <TD noWrap align=left width="5%"><B>7 </B><BR></TD>
    <TD align=left width="85%">SOLE VOTING POWER <BR>0 </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left width="5%"><B>8 </B><BR></TD>
    <TD align=left width="85%">SHARED VOTING POWER <BR>8,504,788 </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left width="5%"><B>9 </B><BR></TD>
    <TD align=left width="85%">SOLE DISPOSITIVE POWER <BR>0 </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left width="5%" style="border-bottom-style: none; border-bottom-width: medium"><B>10 </B><BR></TD>
    <TD align=left width="85%" style="border-bottom-style: none; border-bottom-width: medium">SHARED DISPOSITIVE POWER <BR>9,996,589
  </TD></TR></TABLE></DIV>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD align=left width="5%"><B>11 </B><BR></TD>
    <TD align=left width="95%">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
      REPORTING PERSON <BR>9,996,589 </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%"><B>12 </B><BR></TD>
    <TD align=left width="95%">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
      EXCLUDES CERTAIN SHARES (See Instructions) <BR>[ &nbsp;] </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%"><B>13 </B><BR></TD>
    <TD align=left width="95%">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
      (11) <BR>17.6%** </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%"><B>14 </B><BR></TD>
    <TD align=left width="95%">TYPE OF REPORTING PERSON (See Instructions)
      <BR>IA </TD></TR></TABLE></DIV>
<P align=justify>*BRC Advisors GP, LLC is the General Partner to Birch Run
Capital Advisors, LP, the registered investment adviser. </P>
<P align=justify>**This calculation is based on a total of 56,698,587 shares of
the issuer&#146;s common stock outstanding as of December 31, 2013, as last reported
by the issuer in its Form 8-K filed with the U.S. Securities and Exchange
Commission January 27, 2014. </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_5></A>
<P align=right>Page 3 </P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="40%" border=1>

  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B>CUSIP No.
      </B><B>758932107 </B></TD></TR></TABLE></DIV><BR>
<DIV>
<TABLE
style="FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; border-left-color:black; border-right-color:black; border-top-color:black; border-bottom-color:black; border-bottom-width:0"
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD align=left width="5%" ><B>1 </B><BR><BR></TD>
    <TD align=left width="95%">NAMES OF REPORTING PERSONS <BR>I.R.S.
      IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) <BR>Daniel Gordon
      Beltzman </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%" ><B>2 </B><BR><BR></TD>
    <TD align=left width="95%">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<BR>(a) [&nbsp; &nbsp;] <BR>(b) [&nbsp; &nbsp;] </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="5%" ><B>3
      </B><BR></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="95%">SEC
      USE ONLY <BR></TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%" ><B>4 </B><BR></TD>
    <TD align=left width="95%">SOURCE OF FUNDS (See Instructions) <BR>N/A
  </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%" ><B>5 </B><BR></TD>
    <TD align=left width="95%">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS
      REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) <BR>[&nbsp; &nbsp;] </TD></TR>
  <TR vAlign=top>
    <TD align=left style="border-bottom-style: none; border-bottom-width: medium" width="5%" ><B>6 </B><BR></TD>
    <TD align=left width="95%" style="border-bottom-style: none; border-bottom-width: medium">CITIZENSHIP OR PLACE OF ORGANIZATION <BR>USA
  </TD></TR></TABLE></DIV>
<DIV>
<TABLE
style="FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; border-left-color:black; border-right-color:black; border-top-color:black; border-bottom-color:black; border-bottom-width:0"
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD noWrap align=center rowSpan=4 style="border-bottom-style: none; border-bottom-width: medium" width="10%" >NUMBER OF <BR>SHARES
      <BR>BENEFICIALLY <BR>OWNED BY <BR>EACH <BR>REPORTING <BR>PERSON <BR>WITH
    </TD>
    <TD align=left width="5%" ><B>7 </B><BR></TD>
    <TD align=left width="85%">SOLE VOTING POWER <BR>0 </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%" ><B>8 </B><BR></TD>
    <TD align=left width="85%">SHARED VOTING POWER <BR>8,504,788 </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%" ><B>9 </B><BR></TD>
    <TD align=left width="85%">SOLE DISPOSITIVE POWER <BR>12,078.081* </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%" style="border-bottom-style: none; border-bottom-width: medium" ><B>10 </B><BR></TD>
    <TD align=left width="85%" style="border-bottom-style: none; border-bottom-width: medium">SHARED DISPOSITIVE POWER <BR>9,996,589
  </TD></TR></TABLE></DIV>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD align=left width="5%" ><B>11 </B><BR></TD>
    <TD align=left width="95%">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
      REPORTING PERSON <BR>10,008,667 </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%" ><B>12 </B><BR></TD>
    <TD align=left width="95%">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
      EXCLUDES CERTAIN SHARES (See Instructions) <BR>[&nbsp;&nbsp; ] </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%" ><B>13 </B><BR></TD>
    <TD align=left width="95%">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
      (11) <BR>17.7%** </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%" ><B>14 </B><BR></TD>
    <TD align=left width="95%">TYPE OF REPORTING PERSON (See Instructions)
      <BR>IN </TD></TR></TABLE></DIV>
<P align=justify>*Daniel Beltzman was awarded a grant of 12,032 restricted stock
units (RSUs). As a result of a dividend reinvestment plan, Mr. Beltzman&#146;s RSUs
increased to a total of 12,078.081. Each RSU represents a contingent right to
receive one share of RGS common stock. </P>
<P align=justify>**This calculation is based on a total of 56,698,587 shares of
the issuer&#146;s common stock outstanding as of December 31, 2013, as last reported
by the issuer in its Form 8-K filed with the U.S. Securities and Exchange
Commission January 27, 2014. </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_6></A>
<P align=right>Page 4 </P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="40%" border=1>

  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B>CUSIP No.
      </B><B>758932107 </B></TD></TR></TABLE></DIV><BR>
<DIV>
<TABLE
style="FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; border-left-color:black; border-right-color:black; border-top-color:black; border-bottom-color:black; border-bottom-width:0"
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD align=left width="5%" ><B>1 </B><BR><BR></TD>
    <TD align=left width="95%">NAMES OF REPORTING PERSONS <BR>I.R.S.
      IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) <BR>Gregory Howard
      Smith </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%" ><B>2 </B><BR><BR></TD>
    <TD align=left width="95%">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<BR>(a) [&nbsp;&nbsp; ] <BR>(b) [&nbsp;&nbsp; ] </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="5%" ><B>3
      </B><BR></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      width="95%">SEC&nbsp;USE ONLY <BR></TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%" ><B>4 </B><BR></TD>
    <TD align=left width="95%">SOURCE OF FUNDS (See Instructions) <BR>N/A
  </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%" ><B>5 </B><BR></TD>
    <TD align=left width="95%">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS
      REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) <BR>[&nbsp; &nbsp;] </TD></TR>
  <TR vAlign=top>
    <TD align=left style="border-bottom-style: none; border-bottom-width: medium" width="5%" ><B>6 </B><BR></TD>
    <TD align=left width="95%" style="border-bottom-style: none; border-bottom-width: medium">CITIZENSHIP OR PLACE OF ORGANIZATION <BR>USA
  </TD></TR></TABLE></DIV>
<DIV>
<TABLE
style="FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; border-left-color:black; border-right-color:black; border-top-color:black; border-bottom-color:black; border-bottom-width:0"
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  <TR vAlign=top>
    <TD noWrap align=center rowSpan=4 style="border-bottom-style: none; border-bottom-width: medium" width="10%" >NUMBER OF <BR>SHARES
      <BR>BENEFICIALLY <BR>OWNED BY <BR>EACH <BR>REPORTING <BR>PERSON <BR>WITH
    </TD>
    <TD align=left width="5%" ><B>7 </B><BR></TD>
    <TD align=left width="85%">SOLE VOTING POWER <BR>0 </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%" ><B>8 </B><BR></TD>
    <TD align=left width="85%">SHARED VOTING POWER <BR>8,504,788 </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%" ><B>9 </B><BR></TD>
    <TD align=left width="85%">SOLE DISPOSITIVE POWER <BR>0 </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%" style="border-bottom-style: none; border-bottom-width: medium" ><B>10 </B><BR></TD>
    <TD align=left width="85%" style="border-bottom-style: none; border-bottom-width: medium">SHARED DISPOSITIVE POWER <BR>9,996,589
  </TD></TR></TABLE></DIV>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD align=left width="5%" ><B>11 </B><BR></TD>
    <TD align=left width="95%">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
      REPORTING PERSON <BR>9,996,589 </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%" ><B>12 </B><BR></TD>
    <TD align=left width="95%">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
      EXCLUDES CERTAIN SHARES (See Instructions) <BR>[&nbsp;&nbsp; ] </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%" ><B>13 </B><BR></TD>
    <TD align=left width="95%">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
      (11) <BR>17.6%* </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%" ><B>14 </B><BR></TD>
    <TD align=left width="95%">TYPE OF REPORTING PERSON (See Instructions)
      <BR>IN </TD></TR></TABLE></DIV>
<P align=justify>*This calculation is based on a total of 56,698,587 shares of
the issuer&#146;s common stock outstanding as of December 31, 2013, as last reported
by the issuer in its Form 8-K filed with the U.S. Securities and Exchange
Commission January 27, 2014. </P>
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<P align=right>Page 5 </P>
<P align=center><B>Schedule 13D </B></P>
<P align=justify><B>CUSIP NO. 758932107</B></P>
<P align=justify>This Amendment No. 4 amends and supplements the Amended
Schedule 13D filed with the Securities and Exchange Commission on February 3,
2014, by Daniel Beltzman, Gregory Smith, Birch Run Capital Advisors, LP and BRC
Advisors GP, LLC (collectively, the &#147;Reporting Persons&#148;). The total number of
shares reported in the Amended Schedule 13D is being amended to include shares
that were acquired pursuant to a dividend reinvestment plan. Except as
specifically provided herein, this Amendment No. 4 does not modify any of the
disclosure previously reported in the Amended Schedule 13D. Unless otherwise defined
herein, all capitalized terms shall have the meanings ascribed to them in the
previously filed Schedule 13D, as amended. </P>
<P align=justify><B>Item 5. Interest in Securities of the Issuer </B></P>
<P align=justify>Items 5(a) &#150; 5(b) are hereby amended as follows: </P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="5%">(a) </TD>
    <TD vAlign=top>
      <P align=justify>Daniel Beltzman beneficially owns 10,008,667 aggregate
      shares of the Issuer, representing 17.7% of the Issuer&#146;s common stock
      outstanding.*</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>
      <P align=justify>&nbsp;</P></TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD>
      <P align=justify>*This calculation is based on a total of 56,598,587
      shares of the issuer&#146;s common stock outstanding as of December 31, 2013,
      as last reported by the Issuer in its Form 8-K filed with the U.S.
      Securities and Exchange Commission on January 27, 2014.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>
      <P align=justify>&nbsp;</P></TD>
  <TR>
    <TD vAlign=top width="5%">(b) </TD>
    <TD>
      <P align=justify>Daniel Beltzman has sole dispositive power over
      12,078.081 shares of the Issuer&#146;s common
stock.</P></TD></TR></TABLE></DIV><BR>
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<P align=right>Page 6 </P>
<P align=center><B>Schedule 13D </B></P>
<P align=justify><B>CUSIP NO. 758932107</B></P>
<P align=center><B>Signature </B></P>
<P align=justify>After reasonable inquiry and to the best of my knowledge and
belief, each of the undersigned certifies that the information set forth in this
Schedule 13D is true, complete and correct. </P>
<P align=justify>Dated as of August 22, 2014 </P>
<P style="MARGIN-LEFT: 50%" align=justify>Birch Run Capital Advisors, LP </P>
<P style="MARGIN-LEFT: 50%" align=justify>By: <U>/s/ Caren Abramovich</U>
<BR>Name: Caren Abramovich <BR>Title: Chief Operating &amp; Compliance Officer
<BR>BRC Advisors GP, LLC, the General Partner BRC Advisors GP, LLC </P>
<P style="MARGIN-LEFT: 50%" align=justify>By: <U>/s/ Caren Abramovich</U>
<BR>Name: Caren Abramovich <BR>Title: Chief Operating &amp; Compliance Officer
</P>
<P style="MARGIN-LEFT: 50%" align=justify>Daniel Beltzman </P>
<P style="MARGIN-LEFT: 50%" align=justify>By: <U>/s/ Daniel Beltzman</U> </P>
<P style="MARGIN-LEFT: 50%" align=justify>Gregory Smith </P>
<P style="MARGIN-LEFT: 50%" align=justify>By: <U>/s/ Gregory Smith</U> </P>
<P align=justify>The original statement shall be signed by each person on whose
behalf the statement is filed or his authorized representative. If the statement
is signed on behalf of a person by his authorized representative (other than an
executive officer or general partner of this filing person), evidence of the
representative&#146;s authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature. </P>
<P align=justify><B>Attention: Intentional misstatements or omissions of fact
constitute Federal criminal violations (See 18 U.S.C. 1001). </B></P>
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