Winmark Corporation announces governance changes

MINNEAPOLIS, December 15, 2021– (BUSINESS WIRE) – Winmark Corporation (Nasdaq: WINA) today announced that Kirk A. MacKenzie has informed the company of his decision not to stand for re-election to Winmark’s board of directors at its next annual meeting shareholders to April 2022. Mr. MacKenzie was elected to the board of directors of Winmark in 2000, served as its vice-chairman until 2011 and is currently a member of the audit committee.

“Kirk’s contributions to Winmark over the past 21 years have been significant and meaningful. During his tenure on the Board of Directors, Kirk has been a key contributor and provided strategic advice to the Board of Directors and management, ”noted Brett D. Heffes, President and CEO. “I would like to personally thank Kirk for his service on behalf of our shareholders and his dedication to helping us over the years. His advice and leadership will be greatly missed.”

Additionally, the company announced that it has appointed Percy C. (Tom) Tomlinson to its board of directors and audit committee. Mr. Tomlinson has over 30 years of management, financial management and governance experience, having served as both CEO and CFO of publicly traded companies during his career. Currently, Mr. Tomlinson is an operating partner of a New York-based mid-market focused private equity investor. He has been and continues to be an advisor to several privately backed portfolio companies.

“I am delighted that Tom is joining our board of directors. His extensive executive and financial management experience across a variety of industries will be invaluable to Winmark as we continue our mission of providing Resale for All ™, ”said Heffes.

Winmark – the Resale Company®, is a nationally recognized franchising company focused on sustainability and small business formation. We support and guide entrepreneurs interested in operating one of our award-winning resale franchises: Plato’s Closet®, Once Upon A Child®, Play It Again Sports®, Style Encore® and Music Go Round®. As of September 25, 2021, there were 1,269 franchises in operation and over 2,800 available territories. 39 additional franchises have been awarded but are not open.

This press release contains forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), concerning future events or the future financial performance of the society. These forward-looking statements are only predictions or statements of intent subject to risks and uncertainties and actual events or results could differ materially from those anticipated. Since actual results may differ, shareholders and potential investors are cautioned not to place undue reliance on these forward-looking statements.

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Brett D. Heffes
763 / 520-8500

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