Who is the Executive Vice President of Arch Insurance Company who signed the document related to Alloy?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
Attested and Certified
Regan A. Shulman, Secretary
STATE OF PENNSYLVANIA SS COUNTY OF PHILADELPHIA SS Arch Insurance Company
Stephen C. Ruschak, Executive Vice President
I, Michele Tripodi, a Notary Public, do hereby certify that Regan A. Shulman and Stephen C. Ruschak personally known to me to be the same persons whose names are respectively as Secretary and Executive Vice President of the Arch Insurance Company, a Corporation organized and existing under the laws of the State of Missouri, subscribed to the foregoing instrument, appeared before me this day in person and severally acknowledged that they being thereunto duly authorized signed, sealed with the corporate seal and delivered the said instrument as the free and voluntary act of said corporation and as their own free and voluntary acts for the uses and purposes therein set forth.
Missouri
Commonwealth of Pennsylvania - Notary Seal MICHELE TRIPODI, Notary Public Philadelphia County My Commission Expires July 31, 2025 Commission Number 1168622
Michele Tripodi, Notary Public My commission expires 07/31/2025
CERTIFICATION
I, Regan A. Shulman, Secretary of the Arch Insurance Company, do hereby certify that the attached Power of Attorney dated April 7, 2023 on behalf of the person(s) as listed above is a true and correct copy and that the same has been in full force and effect since the date thereof and is in full force and effect on the date of this certificate; and I do further certify that the said Stephen C. Ruschak, who executed the Power of Attorney as Executive Vice President, was on the date of execution of the attached Power of Attorney the duly elected Executive Vice President of the Arch Insurance Company.
IN TESTIMONY WHEREOF, I have hereunto subscribed my name and affixed the corporate seal of the Arch Insurance Company on this 8th day of April 20 24
This Power of Attorney limits the acts of those named therein to the bonds and undertakings specifically named therein and they have no authority to bind the Company except in the manner and to the extent herein stated.
PLEASE SEND ALL CLAIM INQUIRIES RELATING TO THIS BOND TO THE FOLLOWING ADDRESS: Arch Insurance - Surety Division
3 Parkway, Suite 1500 Philadelphia, PA 19102 CORPORATE SEAL. 1971
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
According to Alloy's 2025 Franchise Disclosure Document, Stephen C. Ruschak and Richard Stock both held the position of Executive Vice President at Arch Insurance Company and signed documents related to Alloy. Regan A. Shulman, as Secretary of Arch Insurance Company, certified that both Stephen C. Ruschak and Richard Stock were duly elected Executive Vice Presidents at the time they executed the Power of Attorney.
The documents indicate that Stephen C. Ruschak executed the Power of Attorney on April 7, 2023. Regan A. Shulman certified this on April 8, 2024. Separately, Richard Stock also held the position of Executive Vice President and signed documents related to Alloy. Regan A. Shulman certified that Richard Stock, who executed the Power of Attorney as Executive Vice President, was duly elected at the time of execution.
It is important to note that these documents relate to surety bonds and power of attorney, which are legal instruments ensuring certain obligations are met. For a prospective Alloy franchisee, this information confirms that Arch Insurance Company has authorized individuals to act on its behalf in matters related to Alloy's franchising activities, specifically concerning financial assurances like surety bonds. Claim inquiries related to the bond should be sent to Arch Insurance - Surety Division at 3 Parkway, Suite 1500, Philadelphia, PA 19102.