What are the specific activities that Lees Famous Recipe members may undertake during the annual meeting?
Lees_Famous_Recipe Franchise · 2025 FDDAnswer from 2025 FDD Document
ARTICLE 6 MEMBERSHIP MEETINGS
Article 6.1 Annual Meeting
The members may meet once each year typically in conjunction with the annual convention of Franchisor, to elect directors, review the activities of AdCom's advertising agency and public relations firm (collectively the "Agency") and to transact other appropriate business.
Article 6.2 Special Meetings
Special meetings may be called at the request of the majority of the Directors of the Board or at the request in writing of members controlling at least sixty-seven (67%) of the voting power of the entire membership.
Article 6.3 Time and Place of Meetings
Annual and special meetings such as retreats, conferences, and conventions will be held at such date and time as the Board may determine. Members and invited guests will not be reimbursed for expenses incurred in connection with attending meetings if the meeting is held in conjunction with annual meeting. Any annual or special meeting may be attended and conducted via a virtual platform such as Zoom or other video conferencing applications designated in the Notice of Meeting.
Article 6.4 Notice of Meetings
Notice stating the date, time and place of any annual meeting will be given to each member by an officer of AdCom at least thirty (30) days before the meeting date. Notice may be given in writing, including email, or by telephone and text. The purpose(s) of special meetings must be given in the notice. Mailed notice must be sent no less than thirty (30) days nor more than sixty (60) days before the date of a meeting, and such notice will be deemed sent when placed in the U.S. mail and addressed to the member's address shown on AdCom's records. Attendance at a meeting will be a waiver of notice except when a member objects that the meeting is not lawfully called.
Source: Item 23 — RECEIPTS (FDD pages 70–287)
What This Means (2025 FDD)
According to the 2025 Lees Famous Recipe FDD, members have the opportunity to engage in several activities during the annual meeting. These activities include electing directors to the board, reviewing the activities of the Advertising Cooperative's (AdCom) advertising agency and public relations firm (collectively referred to as the "Agency"), and transacting other appropriate business. The annual meeting typically occurs in conjunction with the annual convention of the Franchisor.
Special meetings can also be convened at the request of a majority of the Directors of the Board or if members controlling at least 67% of the entire membership's voting power make a written request. Both annual and special meetings, including retreats, conferences, and conventions, are scheduled at a date and time determined by the Board.
It is important to note that members and invited guests are not reimbursed for any expenses they incur while attending meetings held in conjunction with the annual meeting. Furthermore, these meetings can be attended and conducted virtually through platforms like Zoom or other video conferencing applications, as designated in the meeting notice. This virtual option can reduce costs associated with travel and lodging, making participation more accessible for franchisees.
Notice of the annual meeting, including the date, time, and place, must be provided to each member by an officer of AdCom at least 30 days before the meeting. This notice can be delivered in writing, via email, telephone, or text. For special meetings, the notice must also include the purpose of the meeting. Mailed notices must be sent no less than 30 days and no more than 60 days before the meeting date. Attendance at a meeting constitutes a waiver of notice unless a member objects that the meeting was not lawfully called.