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