On September 8, 2020, Regis Corporation announced that Felipe A. Athayde will succeed Hugh E. Sawyer as the Company's President and will be appointed as a director on the Company's Board of Directors, effective on October 5, 2020 (the Start Date"). Mr. Sawyer has informed the Company that he will retire as President of the Company and resign as a member and Chairman of the Board effective immediately prior to such date (the Departure Date"). Mr. Athayde joins the Company from Popeyes Louisiana Kitchen, owned by Restaurant Brands International, a multinational quick-service restaurant holding company, where he most recently served as President, Americas between March 2019 and September 2020.