Supercuts 2008 Annual Report Download - page 23

administrative regulations that regulate various aspects of franchise operations and sales. The Company's franchises are offered to franchisees by
means of an offering circular/disclosure document containing specified disclosures in accordance with the FTC Rule and the laws and
regulations of certain states. The Company has registered its offering of franchises with the regulatory authorities of those states in which it
offers franchises and in which such registration is required. State laws that regulate the franchisor-franchisee relationship presently exist in a
substantial number of states and, in certain cases, apply substantive standards to this relationship. Such laws may, for example, require that the
franchisor deal with the franchisee in good faith, may prohibit interference with the right of free association among franchisees, and may limit
termination of franchisees without payment of reasonable compensation. The Company believes that the current trend is for government
regulation of franchising to increase over time. However, such laws have not had, and the Company does not expect such laws to have, a
significant effect on the Company's operations.
In Canada, the Company's franchise operations are subject to both the Alberta Franchise Act and the Ontario Franchise Act. The offering of
franchises in Canada occurs by way of a disclosure document, which contains certain disclosures required by the Ontario and Alberta Franchise
Acts. Both the Ontario and Alberta Franchise Acts primarily focus on disclosure requirements, although each requires certain relationship
requirements such as a duty of fair dealing and the right of franchisees to associate and organize with other franchisees.
Governmental regulations surrounding franchise operations in Europe are similar to those in the United States. The Company believes it is
operating in substantial compliance with applicable laws and regulations governing all of its operations.
The Company maintains an ownership interest in EEG. Beauty schools derive a significant portion of their revenue from student financial
assistance originating from the U.S Department of Education's Title IV Higher Education Act of 1965. For the students to receive financial
assistance at the school, the beauty schools must maintain eligibility requirements established by the U.S Department of Education.
(d) Financial Information about Foreign and North American Operations
Financial information about foreign and North American markets is incorporated herein by reference to Management's Discussion and
Analysis of Financial Condition and Results of Operations in Part II, Item 7 and segment information in Note 11 to the Consolidated Financial
Statements in Part II, Item 8 of this Form 10-K.
(e) Available Information
The Company is subject to the informational requirements of the Securities and Exchange Act of 1934 (Exchange Act). The Company
therefore files periodic reports, proxy statements and other information with the Securities and Exchange Commission (SEC). Such reports may
be obtained by visiting the Public Reference Room of the SEC at 100 F Street NE, Washington, DC 20549, or by calling the SEC at 1-800-SEC-
0330. In addition, the SEC maintains an internet site ( http://www.sec.gov ) that contains reports, proxy and information statements and other
information regarding issuers that file electronically.
Financial and other information can be accessed in the Investor Information section of the Company's website at www.regiscorp.com . The
Company makes available, free of charge, copies of its annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-
K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act as soon as reasonably practicable
after filing such material electronically or otherwise furnishing it to the SEC.
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