RCI Hospitality Holdings Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits
$RICK
Restaurants
Consumer Discretionary
United States
Securities and Exchange Commission
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 1, 2025
(Exact Name of Registrant as Specified in Its Charter)
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(281 ) 397-6730
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ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On October 1, 2025, RCI Hospitality Holdings, Inc. (“we,” “us” and “our”) entered into certain debt modification transactions with certain holders of our 12% unsecured promissory notes and concurrently issued new 12% unsecured promissory notes to new investors. Specifically, seven investors holding a total principal amount of $2,800,000 in unsecured promissory notes agreed to extend the maturity dates of such notes, and two investors holding a total principal amount of $250,000 in unsecured promissory notes agreed to extend the maturity dates of such notes and increase the principal by $250,000. In each case, there were no other changes to the terms and conditions of the previous promissory notes, which previous promissory notes were issued on November 1, 2023, and had maturity dates of October 1, 2026. These transactions were effected by the nine investors returning for cancellation their previous promissory notes, with us issuing new amended and restated promissory notes to such investors. The previous promissory notes will be deemed cancelled as of the end of the day on September 30, 2025, and the new amended promissory notes will have an original issue date, and be deemed effective, as of October 1, 2025.
Additionally, we issued a total of $3,000,000 in new 12% unsecured promissory notes to a total of three new investors on the same issue date and with same terms and conditions as the new amended and restated 12% unsecured promissory notes. Accordingly, we raised a total of $3,250,000 in new debt financing under the transactions described in this current report.
The 12 new promissory notes are styled as “Series A 12% Unsecured Promissory Notes” and bear interest at the rate of 12% per annum. The notes are payable interest-only monthly in arrears, with a final lump sum payment of principal and accrued and unpaid interest due on October 1, 2028.
A form of the Series A 12% Unsecured Promissory Notes is filed hereto as Exhibit 4.1 and is incorporated herein by reference.
ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT.
Reference is made to the disclosure set forth above under Item 1.01 of this current report, which disclosure is incorporated herein by reference.
ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT.
Reference is made to the disclosure set forth above under Item 1.01 of this current report, which disclosure is incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
| Exhibit Number | Description | |||||||
| 4.1 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
RCI HOSPITALITY HOLDINGS, INC. | ||||||||
| Date: October 7, 2025 | By: | /s/ Eric Langan | ||||||
| Eric Langan | ||||||||
| President and Chief Executive Officer | ||||||||
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