Winmark Corporation announced that Kirk A. MacKenzie has informed the company of his decision not to stand for re-election to the Winmark Board of Directors at its next Annual Meeting of Shareholders in April 2022. Mr. MacKenzie was elected to Winmarks Board of Directors in 2000, served as its Vice Chairman from that time until 2011, and currently serves as a member of the Audit Committee. Additionally, the Company announced that it has named Percy C. (Tom) Tomlinson to its Board of Directors and Audit Committee. Mr. Tomlinson has over 30 years of executive, financial management and governance experience, having served as both the Chief Executive Officer and Chief Financial Officer for publicly-traded companies during his career. Currently, Mr. Tomlinson is an Operating Partner with a New York based middle market focused Private Equity investor. He has and continues to serve as an advisor to several Private Equity backed portfolio companies.
Winmark Corporation is a franchising company. The Company offers licenses to operate franchises using the service marks Platoâs Closet, Once Upon A Child, Play It Again Sports, Style Encore, and Music Go Round. In addition, the Company sells point-of-sale system hardware to its franchisees and certain merchandise to its Play It Again Sports franchisees. It has developed an e-commerce platform that allows franchisees of its Music Go Round, Play It Again Sports and Style Encore brands to market and sell in-store product inventory online. It operates through the franchising segment, which franchises value-oriented retail store concepts that buy, sell and trade merchandise. It has over 1,319 franchises in operation in the United States and Canada and 2,800 available territories. It also operates as a middle-market equipment leasing business through its wholly owned subsidiary, Winmark Capital Corporation. Its subsidiaries also include Grow Biz Games, Inc., and Wirth Business Credit, Inc.