UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)*
Regis Corporation
(Name of Issuer)
Common Stock, par value $0.05 per share
(Title and Class of Securities)
758932107
(CUSIP Number)
Caren Abramovich
Birch Run Capital, LLC
1350 Broadway
Suite 2412
New York, NY 10018
(212) 433-1980
with a copy to:
James J. Moloney
Gibson, Dunn & Crutcher LLP
3161 Michelson Drive
Irvine, CA 92612
(949) 451-3800
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
July 18, 2012
(Date of Event Which Requires Filing of Statement on Schedule 13D)
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. ¨
Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
| * | The remainder of this cover page shall be filled out for a reporting person’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. |
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) 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).
Schedule 13D
| CUSIP No. 7589323107 | Page 2 of 18 Pages |
| (1) |
Name of Reporting Persons: I.R.S. Identification No. of Above Persons (entities only):
Birch Run Capital, LLC * | |||||
| (2) | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ¨ (b) ¨
| |||||
| (3) | SEC Use Only:
| |||||
| (4) | Source of Funds (See Instructions):
N/A | |||||
| (5) | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): ¨
| |||||
| (6) | Citizenship or Place of Organization:
Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
(7) | Sole Voting Power
0 | ||||
| (8) | Shared Voting Power
5,967,197 | |||||
| (9) | Sole Dispositive Power
0 | |||||
| (10) | Shared Dispositive Power
5,967,197 | |||||
| (11) |
Aggregate Amount Beneficially Owned by Each Reporting Person:
5,967,197 | |||||
| (12) |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): ¨
| |||||
| (13) |
Percent of Class Represented by Amount in Row (11):
10.4%** | |||||
| (14) |
Type of Reporting Person (See Instructions):
IA | |||||
| * | Birch Run Capital, LLC is a registered investment adviser. |
| ** | This calculation is based on a total of 57,561,067 shares of the issuer’s common stock outstanding as of April 25, 2012, as last reported by the issuer in its Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission on May 10, 2012. |
Schedule 13D
| CUSIP No. 758932107 | Page 3 of 18 Pages |
| (1) |
Name of Reporting Persons: I.R.S. Identification No. of Above Persons (entities only):
Daniel Gordon Beltzman | |||||
| (2) | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ¨ (b) ¨
| |||||
| (3) | SEC Use Only:
| |||||
| (4) | Source of Funds (See Instructions):
N/A | |||||
| (5) | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): ¨
| |||||
| (6) | Citizenship or Place of Organization:
USA | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
(7) | Sole Voting Power
0 | ||||
| (8) | Shared Voting Power
5,967,197 | |||||
| (9) | Sole Dispositive Power
0 | |||||
| (10) | Shared Dispositive Power
5,967,197 | |||||
| (11) |
Aggregate Amount Beneficially Owned by Each Reporting Person:
5,967,197 | |||||
| (12) |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): ¨
| |||||
| (13) |
Percent of Class Represented by Amount in Row (11):
10.4%* | |||||
| (14) |
Type of Reporting Person (See Instructions):
IN | |||||
| * | This calculation is based on a total of 57,561,067 shares of the issuer’s common stock outstanding as of April 25, 2012, as last reported by the issuer in its Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission on May 10, 2012. |
Schedule 13D
| CUSIP No. 758932107 | Page 4 of 18 Pages |
| (1) |
Name of Reporting Persons: I.R.S. Identification No. of Above Persons (entities only):
Gregory Howard Smith | |||||
| (2) | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ¨ (b) ¨
| |||||
| (3) | SEC Use Only:
| |||||
| (4) | Source of Funds (See Instructions):
N/A | |||||
| (5) | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): ¨
| |||||
| (6) | Citizenship or Place of Organization:
USA | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
(7) | Sole Voting Power
0 | ||||
| (8) | Shared Voting Power
5,967,197 | |||||
| (9) | Sole Dispositive Power
0 | |||||
| (10) | Shared Dispositive Power
5,967,197 | |||||
| (11) |
Aggregate Amount Beneficially Owned by Each Reporting Person:
5,967,197 | |||||
| (12) |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): ¨
| |||||
| (13) |
Percent of Class Represented by Amount in Row (11):
10.4%* | |||||
| (14) |
Type of Reporting Person (See Instructions):
IN | |||||
| * | This calculation is based on a total of 57,561,067 shares of the issuer’s common stock outstanding as of April 25, 2012, as last reported by the issuer in its Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission on May 10, 2012. |
Schedule 13D
| CUSIP No. 758932107 | Page 5 of 18 Pages |
| (1) |
Name of Reporting Persons: I.R.S. Identification No. of Above Persons (entities only):
Birch Run Capital GP, LLC | |||||
| (2) | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ¨ (b) ¨
| |||||
| (3) | SEC Use Only:
| |||||
| (4) | Source of Funds (See Instructions):
OO | |||||
| (5) | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): ¨
| |||||
| (6) | Citizenship or Place of Organization:
Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
(7) | Sole Voting Power
0 | ||||
| (8) | Shared Voting Power
689,785 | |||||
| (9) | Sole Dispositive Power
0 | |||||
| (10) | Shared Dispositive Power
689,785 | |||||
| (11) |
Aggregate Amount Beneficially Owned by Each Reporting Person:
689,785 | |||||
| (12) |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): ¨
| |||||
| (13) |
Percent of Class Represented by Amount in Row (11):
1.2%* | |||||
| (14) |
Type of Reporting Person (See Instructions):
OO | |||||
| * | This calculation is based on a total of 57,561,067 shares of the issuer’s common stock outstanding as of April 25, 2012, as last reported by the issuer in its Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission on May 10, 2012. |
Schedule 13D
| CUSIP No. 758932107 | Page 6 of 18 Pages |
| (1) |
Name of Reporting Persons: I.R.S. Identification No. of Above Persons (entities only):
Birch Run Capital Partners, LP | |||||
| (2) | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ¨ (b) ¨
| |||||
| (3) | SEC Use Only:
| |||||
| (4) | Source of Funds (See Instructions):
OO | |||||
| (5) | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): ¨
| |||||
| (6) | Citizenship or Place of Organization:
Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
(7) | Sole Voting Power
0 | ||||
| (8) | Shared Voting Power
689,785 | |||||
| (9) | Sole Dispositive Power
0 | |||||
| (10) | Shared Dispositive Power
689,785 | |||||
| (11) |
Aggregate Amount Beneficially Owned by Each Reporting Person:
689,785 | |||||
| (12) |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): ¨
| |||||
| (13) |
Percent of Class Represented by Amount in Row (11):
1.2%* | |||||
| (14) |
Type of Reporting Person (See Instructions):
PN | |||||
| * | This calculation is based on a total of 57,561,067 shares of the issuer’s common stock outstanding as of April 25, 2012, as last reported by the issuer in its Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission on May 10, 2012. |
Schedule 13D
| CUSIP No. 758932107 | Page 7 of 18 Pages |
| (1) |
Name of Reporting Persons: I.R.S. Identification No. of Above Persons (entities only):
Walnut BRC GP, LLC | |||||
| (2) | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ¨ (b) ¨
| |||||
| (3) | SEC Use Only:
| |||||
| (4) | Source of Funds (See Instructions):
OO | |||||
| (5) | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): ¨
| |||||
| (6) | Citizenship or Place of Organization:
Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | (7) | Sole Voting Power
0 | ||||
| (8) | Shared Voting Power
3,498,756 | |||||
| (9) | Sole Dispositive Power
0 | |||||
| (10) | Shared Dispositive Power
3,498,756 | |||||
| (11) |
Aggregate Amount Beneficially Owned by Each Reporting Person:
3,498,756 | |||||
| (12) |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): ¨
| |||||
| (13) |
Percent of Class Represented by Amount in Row (11):
6.1%* | |||||
| (14) |
Type of Reporting Person (See Instructions):
OO | |||||
| * | This calculation is based on a total of 57,561,067 shares of the issuer’s common stock outstanding as of April 25, 2012, as last reported by the issuer in its Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission on May 10, 2012. |
Schedule 13D
| CUSIP No. 758932107 | Page 8 of 18 Pages |
| (1) |
Name of Reporting Persons: I.R.S. Identification No. of Above Persons (entities only):
Torch BRC, LP | |||||
| (2) | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ¨ (b) ¨
| |||||
| (3) | SEC Use Only:
| |||||
| (4) | Source of Funds (See Instructions):
OO | |||||
| (5) | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): ¨
| |||||
| (6) | Citizenship or Place of Organization:
Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | (7) | Sole Voting Power
0 | ||||
| (8) | Shared Voting Power
1,778,656 | |||||
| (9) | Sole Dispositive Power
0 | |||||
| (10) | Shared Dispositive Power
1,778,656 | |||||
| (11) |
Aggregate Amount Beneficially Owned by Each Reporting Person:
1,778,656 | |||||
| (12) |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): ¨
| |||||
| (13) |
Percent of Class Represented by Amount in Row (11):
3.1%* | |||||
| (14) |
Type of Reporting Person (See Instructions):
PN | |||||
| * | This calculation is based on a total of 57,561,067 shares of the issuer’s common stock outstanding as of April 25, 2012, as last reported by the issuer in its Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission on May 10, 2012. |
Schedule 13D
| CUSIP No. 758932107 | Page 9 of 18 Pages |
| (1) |
Name of Reporting Persons: I.R.S. Identification No. of Above Persons (entities only):
Torch BRC GP, LLC | |||||
| (2) | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ¨ (b) ¨
| |||||
| (3) | SEC Use Only:
| |||||
| (4) | Source of Funds (See Instructions):
OO | |||||
| (5) | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): ¨
| |||||
| (6) | Citizenship or Place of Organization:
Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | (7) | Sole Voting Power
0 | ||||
| (8) | Shared Voting Power
1,778,656 | |||||
| (9) | Sole Dispositive Power
0 | |||||
| (10) | Shared Dispositive Power
1,778,656 | |||||
| (11) |
Aggregate Amount Beneficially Owned by Each Reporting Person:
1,778,656 | |||||
| (12) |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): ¨
| |||||
| (13) |
Percent of Class Represented by Amount in Row (11):
3.1%* | |||||
| (14) |
Type of Reporting Person (See Instructions):
OO | |||||
| * | This calculation is based on a total of 57,561,067 shares of the issuer’s common stock outstanding as of April 25, 2012, as last reported by the issuer in its Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission on May 10, 2012. |
Schedule 13D
| CUSIP No. 758932107 | Page 10 of 18 Pages |
| (1) |
Name of Reporting Persons: I.R.S. Identification No. of Above Persons (entities only):
Walnut BRC, LP | |||||
| (2) | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ¨ (b) ¨
| |||||
| (3) | SEC Use Only:
| |||||
| (4) | Source of Funds (See Instructions):
OO | |||||
| (5) | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): ¨
| |||||
| (6) | Citizenship or Place of Organization:
Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | (7) | Sole Voting Power
0 | ||||
| (8) | Shared Voting Power
3,498,756 | |||||
| (9) | Sole Dispositive Power
0 | |||||
| (10) | Shared Dispositive Power
3,498,756 | |||||
| (11) |
Aggregate Amount Beneficially Owned by Each Reporting Person:
3,498,756 | |||||
| (12) |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): ¨
| |||||
| (13) |
Percent of Class Represented by Amount in Row (11):
6.1%* | |||||
| (14) |
Type of Reporting Person (See Instructions):
PN | |||||
| * | This calculation is based on a total of 57,561,067 shares of the issuer’s common stock outstanding as of April 25, 2012, as last reported by the issuer in its Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission on May 10, 2012. |
Schedule 13D
| CUSIP No. 758932107 | Page 11 of 18 Pages |
| ITEM 1. | SECURITY AND ISSUER |
This Amendment No. 1 amends the Schedule 13D filed on May 17, 2012 by the undersigned, relating to the common stock of Regis Corporation (the “Company” or the “Issuer”). This Amendment No. 1 amends the Schedule 13D as specifically set forth herein.
Schedule 13D
| CUSIP No. 758932107 | Page 12 of 18 Pages |
| ITEM 4. | PURPOSE OF TRANSACTION |
Item 4 is hereby amended and supplemented to add the following after the last paragraph:
On July 18, 2012, the Company announced that it was appointing Daniel Beltzman, one of the managing members of Birch Run Capital, LLC (“Birch Run”) to its Board of Directors, effective August 1, 2012.
Schedule 13D
| CUSIP No. 758932107 | Page 13 of 18 Pages |
| ITEM 7. | MATERIAL TO BE FILED AS EXHIBITS |
The following documents are filed as exhibits or schedules.
| Exhibit A. | Joint Filing Agreement* |
| Exhibit B. | Power of Attorney* |
| * | As previously filed. |
Schedule 13D
| CUSIP No. 758932107 | Page 14 of 18 Pages |
SIGNATURE
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.
Dated as of July 18, 2012
| Birch Run Capital, LLC | ||
| By: | /s/ Caren Abramovich | |
| Name: Caren Abramovich | ||
| Title: Chief Operating & Compliance Officer | ||
| Daniel Beltzman | ||
| By: | /s/ Daniel Beltzman | |
| Name: Daniel Beltzman | ||
| Title: Managing Member of Birch Run Capital, LLC, Birch Run Capital GP, LLC, Walnut BRC GP, LLC and Torch BRC GP, LLC | ||
| Gregory Smith | ||
| By: | /s/ Gregory Smith | |
| Name: Gregory Smith | ||
| Title: Managing Member of Birch Run Capital, LLC, Birch Run Capital GP, LLC, Walnut BRC GP, LLC and Torch BRC GP, LLC | ||
| Birch Run Capital GP, LLC | ||
| By: | /s/ Caren Abramovich | |
| Name: Caren Abramovich | ||
| Title: Chief Operating & Compliance Officer | ||
| Birch Run Capital Partners, L.P. | ||
| By: | Birch Run Capital GP, LLC (General Partner) | |
| By: | /s/ Caren Abramovich | |
| Name: Caren Abramovich | ||
| Title: Chief Operating & Compliance Officer | ||
| Walnut BRC GP, LLC | ||
| By: | /s/ Caren Abramovich | |
| Name: Caren Abramovich | ||
| Title: Chief Operating & Compliance Officer | ||
Schedule 13D
| CUSIP No. 758932107 | Page 15 of 18 Pages |
| Walnut BRC, L.P. | ||
| By: | Walnut BRC GP, LLC (General Partner) | |
| By: | /s/ Caren Abramovich | |
| Name: Caren Abramovich | ||
| Title: Chief Operating & Compliance Officer | ||
| Torch BRC GP, LLC | ||
| By: | /s/ Caren Abramovich | |
| Name: Caren Abramovich | ||
| Title: Chief Operating & Compliance Officer | ||
| Torch BRC, L.P. | ||
| By: | Torch BRC GP, LLC (General Partner) | |
| By: | /s/ Caren Abramovich | |
| Name: Caren Abramovich | ||
| Title: Chief Operating & Compliance Officer | ||
ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).
Schedule 13D
| CUSIP No. 758932107 | Page 16 of 18 Pages |
Exhibit A Schedule 13D Joint Filing Agreement
The undersigned and each other person executing this joint filing agreement (this “Agreement”) agree as follows:
(i) The undersigned and each other person executing this Agreement are individually eligible to use the Schedule 13D to which this Exhibit is attached and such Schedule 13D is filed on behalf of the undersigned and each other person executing this Agreement; and
(ii) The undersigned and each other person executing this Agreement are responsible for the timely filing of such Schedule 13D and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of the undersigned or any other person executing this Agreement is responsible for the completeness or accuracy of the information statement concerning any other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.
This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which, taken together, shall constitute one and the same instrument.
Dated: July 18, 2012
| Birch Run Capital, LLC | ||
| By: | /s/ Caren Abramovich | |
| Name: Caren Abramovich | ||
| Title: Chief Operating & Compliance Officer | ||
| Daniel Beltzman | ||
| By: | /s/ Daniel Beltzman | |
| Name: Daniel Beltzman | ||
| Title: Managing Member of Birch Run Capital, LLC, Birch Run Capital GP, LLC, Walnut BRC GP, LLC and Torch BRC GP, LLC | ||
| Gregory Smith | ||
| By: | /s/ Gregory Smith | |
| Name: Gregory Smith | ||
| Title: Managing Member of Birch Run Capital, LLC, Birch Run Capital GP, LLC, Walnut BRC GP, LLC and Torch BRC GP, LLC | ||
Schedule 13D
| CUSIP No. 758932107 | Page 17 of 18 Pages |
| Birch Run Capital GP, LLC | ||
| By: | /s/ Caren Abramovich | |
| Name: Caren Abramovich | ||
| Title: Chief Operating & Compliance Officer | ||
| Birch Run Capital Partners, L.P. | ||
| By: | Birch Run Capital GP, LLC (General Partner) | |
| By: | /s/ Caren Abramovich | |
| Name: Caren Abramovich | ||
| Title: Chief Operating & Compliance Officer | ||
| Walnut BRC GP, LLC | ||
| By: | /s/ Caren Abramovich | |
| Name: Caren Abramovich | ||
| Title: Chief Operating & Compliance Officer | ||
| Walnut BRC, L.P. | ||
| By: | Walnut BRC GP, LLC (General Partner) | |
| By: | /s/ Caren Abramovich | |
| Name: Caren Abramovich | ||
| Title: Chief Operating & Compliance Officer | ||
| Torch BRC GP, LLC | ||
| By: | /s/ Caren Abramovich | |
| Name: Caren Abramovich | ||
| Title: Chief Operating & Compliance Officer | ||
| Torch BRC, L.P. | ||
| By: | Torch BRC GP, LLC (General Partner) | |
| By: | /s/ Caren Abramovich | |
| Name: Caren Abramovich | ||
| Title: Chief Operating & Compliance Officer | ||
Schedule 13D
| CUSIP No. 758932107 | Page 18 of 18 Pages |
Exhibit B Power of Attorney
KNOW ALL PERSONS BY THESE PRESENTS, that the undersigned Caren Abramovich hereby constitutes and appoints Gregory Smith to act on Caren Abramovich’s behalf in the event that she is not available or able to sign, as applicable, as true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution in name, place and stead, to sign any reports on Form 3 (Initial Statement of Beneficial Ownership of Securities), Form 4 (Statement of Changes in Beneficial Ownership of Securities) and Form 5 (Annual Statement of Beneficial Ownership of Securities) relating to transactions by the undersigned in Common Shares or other securities and all amendments thereto, and all filings on Schedule 13D or Schedule 13G, and all amendments thereto, and to file the same, with the Securities and Exchange Commission and the appropriate securities exchange, granting unto said attorneys-in-fact and agents, and each of them, or their substitutes, full power and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or their substitutes, may lawfully do or cause to be done by virtue hereof. This Power of Attorney shall be effective until such time as the undersigned delivers a written revocation thereof to the above-named attorneys-in-fact and agents.
The undersigned acknowledge that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming any of the undersigned’s responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.
Dated: July 18, 2012
| /s/ Caren Abramovich |
| Caren Abramovich |