On January 9, 2024, William Charters, Stephen Salvadore, Gary Wyetzner issued a letter to the chairman of the board of directors of Regis Corporation requesting 2 board seats to infuse the necessary skills and shareholder representation into the Company. William Charters stated that they believe the Company has been significantly mismanaged and requires new leadership, governance and seldom witness a board of directors that has presided over this much value destruction and continues on as business as usual. William Charters added that they believe that 4 current directors should step down and the board should be reduced in size to 5 independent directors and the CEO, and that their 2 candidates be appointed to the Board.