factual

When is the Regular Annual Meeting of the Board held for Best Western?

Best_Western Franchise · 2025 FDD

Answer from 2025 FDD Document

PERSONAL FINANCIAL STATEMENT
FOR:BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
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AS OF:
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ASSETS
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$XWRPRELOH3UHVHQW9DOXH
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2WKHU$VVHWVQRWOLVWHGDERYH
TOTAL ASSETS
LIABILITIES
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TOTAL LIABILITIES
NET WORTH

Signature of above named:

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Source: Item 23 — Receipts (FDD pages 108–413)

What This Means (2025 FDD)

The 2025 Best Western Franchise Disclosure Document outlines the rights of Best Western members, including the right to receive an agenda for the annual and regular Board of Directors meetings prior to each meeting, and to attend and address the Board at these meetings. Additionally, members are entitled to receive complete minutes of the Board meetings, along with a detailed annual budget and financial statements. This ensures transparency and allows members to stay informed about the decisions and financial status of the organization. However, the FDD does not specify the exact date of the Regular Annual Meeting of the Board.

Furthermore, the document details the election process for directors. On or before the second Monday following the first general business session for all members at the Annual Meeting, the President and Chief Executive Officer must distribute ballots and related information to voting members in the district where a director is to be elected. This information includes the names of qualified nominees, their backgrounds, and voting instructions. Voting concludes at 2:00 p.m. Phoenix, Arizona time, on the 16th day after the ballots are distributed, after which the results are certified by a Designated Accountant. All members have the right to be present during the certification of the vote.

While the FDD provides information on the election of directors and member rights related to board meetings, it does not include the specific date for the Regular Annual Meeting of the Board. A prospective franchisee should contact Best Western directly to obtain this information, as it is essential for planning attendance and participation in important organizational matters.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.