What is the required quorum for the Advertising Cooperative to make decisions for Mrcool franchisees?

According to Mrcool's 2025 Franchise Disclosure Document, the quorum required for the Advertising Cooperative to make decisions is 25% of the franchisees within the cooperative. The advertising cooperative can make decisions based on a simple majority vote, with each franchisee center located within the designated area of the Advertising Cooperative having one vote.

This means that for any vote within the Mrcool Advertising Cooperative to be valid, at least 25% of the franchisees in that cooperative must be present or participating. If this quorum is met, a simple majority of those voting can decide on matters related to the cooperative's activities. This ensures that a significant portion of the franchisees have a say in the decisions made by the cooperative.

This structure gives Mrcool franchisees a voice in the advertising strategies and programs implemented in their region, while also ensuring that decisions are made efficiently and with sufficient participation. Franchisees should be aware of the specific rules and regulations governing their local or regional Advertising Cooperative, as outlined in the relevant documents and the Operations Manual, to fully understand their rights and obligations.