January 16th 2017 – BOD Meeting Recap
Monday, January 16th 2017 – Pasadena, CA
We has a successful 2016 year and held a great first Board of Directors Meeting of the 2017 year.
With a very successful trade show, fruitful member meetings and an under budget holiday party, our business checking account balance has significantly increased from December 2015 to December 2016. All outstanding 2016 invoices have been paid or have a pending payment status. Over 275 vendors have been contacted and sent 2017 event information. Four vendors (Hershey, Shamrock, Kellogg’s & Vixxo) have paid in full for 2017 package deals.
The 2017 Events Schedule has been approved, uploaded to our website and sent out to the vendor partners, FOASC directors and members.
- BOD Meetings: January, March, September & October
- Member Meetings: February, April, June. August & November
- 2017 Trade Show: May 17 – Pasadena Convention Center
- Charity Golf Tournament: Sept 20 – Industry Hills
- Holiday Party: Details TBD by committee
2017 Committees have been assigned:
- Golf Tournament: JB Sethi, Nick Bhullar & Gursharan Nat
- Scholarship: Barry Gauthier, Mann Sachdeva & Byron Bennett and/or Jassi Randhawa
- Membership: Billu Samra, Mann Sachdeva & Nick Bhullar
- Trade Show: All FOASC BOD to participate in obtaining new vendors
The number one concern of franchisees is the new 2019 Agreement. A fair agreement is detrimental to the livelihood of so many 7-Eleven store owners. Last year National set up a “2019 Agreement Committee”. The goal of the committee is to discuss and negotiate what franchisees would like to see in the agreement. FOASC has two Directors on the National 2019 Agreement Committee board: FOASC’s former president and honorary chairman, Nick Bhullar along with Jawad Ursani, in the 7-Eleven system for over 30 years. Nick and Jawad are actively involved in meetings with SEI Executives regarding franchisee concerns, which are outlined in order of importance as:
- GGPS
- Gasoline
- Long Term Contract
- Renewal Fee
The four main points 7-Eleven considers when negotiating agreement terms are:
- Balanced Economics
- Protect the 7-Eleven brand
- Independent Contractor Status
- Marketable Agreement
The board has approved a contribution on behalf of FOASC to the National 2019 Agreement Legal Fund in the amount of $40,000 and/or $100 per store.
Please note, all franchisees are expected to know and follow the state Paid Sick Leave laws. Click here for more information.
