Winmark Corporation Appoints New Board Member

Rhea-AI Summary

Winmark Corporation (NASDAQ: WINA) has appointed Amy C. Becker to its Board of Directors. Becker, currently the Chief Legal Officer at Donaldson Company (NYSE: DCI), brings extensive experience in corporate governance and legal strategy. Winmark, a leader in franchise business focused on sustainability, operates multiple resale franchises including Plato’s Closet® and Once Upon A Child®. As of September 24, 2022, Winmark had 1,291 franchises and 2,800 available territories, reflecting its ongoing growth and commitment to providing opportunities for entrepreneurial ventures.

Positive

• Appointment of Amy C. Becker brings valuable expertise in public company governance and legal strategy.
• Continued expansion of franchise operations with 1,291 franchises in operation and over 2,800 available territories.

Negative

• None.

MINNEAPOLIS--(BUSINESS WIRE)-- Winmark Corporation (Nasdaq: WINA) announced today that it has named Amy C. Becker to its Board of Directors. Currently, Ms. Becker is Chief Legal Officer and Corporate Secretary at Donaldson Company, Inc. (NYSE: DCI), a global leader in technology-led filtration products and solutions.

“We are pleased to welcome Amy Becker to the Winmark Board,” stated Brett D. Heffes, Chairman and Chief Executive Officer. “Her extensive experience with public company governance, legal strategy and executive management will be invaluable to Winmark as we execute our growth plans and pursue our mission to provide Resale for Everyone™.”

Winmark - the Resale Company®, is a nationally recognized franchising business focused on sustainability and small business formation. We champion and guide entrepreneurs interested in operating one of our award winning resale franchises: Plato’s Closet®, Once Upon A Child®, Play It Again Sports®, Style Encore® and Music Go Round®. At September 24, 2022, there were 1,291 franchises in operation and over 2,800 available territories. An additional 54 franchises have been awarded but are not open.

This press release contains forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), relating to future events or the future financial performance of the Company. Such forward-looking statements are only predictions or statements of intention subject to risks and uncertainties and actual events or results could differ materially from those anticipated. Because actual result may differ, shareholders and prospective investors are cautioned not to place undue reliance on such forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221116005673/en/

Brett D. Heffes

763/520-8500

Source: Winmark Corporation

FAQ

Who is Amy C. Becker and what is her role at Winmark Corporation?

Amy C. Becker is the newly appointed member of the Board of Directors at Winmark Corporation, with prior experience as Chief Legal Officer at Donaldson Company.

What impact does Amy C. Becker's appointment have on Winmark's growth plans?

Her experience in corporate governance and legal strategy is expected to enhance Winmark's execution of growth plans.

How many franchises does Winmark currently operate?

As of September 24, 2022, Winmark operates 1,291 franchises across its various brands.

What are the notable brands operated by Winmark Corporation?

Winmark operates brands including Plato’s Closet®, Once Upon A Child®, Play It Again Sports®, Style Encore®, and Music Go Round®.

What is the significance of the forward-looking statements in Winmark's press release?

The forward-looking statements indicate potential future events and performance but are subject to risks and uncertainties that may cause actual results to differ.