Supercuts 2010 Annual Report Download - page 24

Table of Contents
Operating Officer of Supercuts, Inc. from 1997 to 1998 and in other roles with the Company from 1984 to 1997.
Norma Knudsen has served as Executive Vice President, Merchandising since July 2006. She served as Chief Operating Officer, Trade
Secret from February 1999 through 2009 and as Vice President, Trade Secret Operations from 1995 to 1999.
Gordon Nelson has served as Executive Vice President, Fashion, Education and Marketing of the Company since 2006. He served as
Senior Vice President from 1994 to 2006 and in other roles with the Company from 1977 to 1994.
Eric A. Bakken has served as Executive Vice President since 2010. He served as Senior Vice President from 2006 to 2009, General
Counsel from 2004 to 2006, as Vice President, Law from 1998 to 2004 and as a lawyer to the Company from 1994 to 1998.
Corporate Community Involvement:
Many of the Company's stylists volunteer their time to support charitable events for breast cancer research. Proceeds collected from such
events are distributed through the Regis Foundation for Breast Cancer Research. The Company's community involvement also includes a major
sponsorship role for the Susan G. Komen Twin Cities Race for the Cure. This 5K run and one mile walk is held in Minneapolis, Minnesota on
Mother's Day to help fund breast cancer research, education, screening and treatment. Through its community involvement efforts, the
Company has helped raise millions of dollars in fundraising for breast cancer research.
Governmental Regulations:
The Company is subject to various federal, state, local and provincial laws affecting its business as well as a variety of regulatory
provisions relating to the conduct of its beauty related business, including health and safety.
In the United States, the Company's franchise operations are subject to the Federal Trade Commission's Trade Regulation Rule on
Franchising (the FTC Rule) and by state laws and 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.
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