- 4 -
B. Furman's, Inc.
FIC is a Florida corporation that was organized in 1959.
The principal place of business of FIC is Florida. Throughout
its existence FIC has been a C corporation, and the stock of FIC
has never been publicly traded. FIC was founded by Maude, Royal,
and Robert for the purpose of acquiring and operating a Burger
King2 restaurant franchise after Royal had retired from a 35-year
career as a mail carrier. Until the founding of FIC, Maude,
Royal, and Robert resided in Chicago, Illinois.
From its organization in 1959 until February 1980, FIC was
capitalized with 100 shares of no-par common stock issued and
outstanding, held as follows:
Maude 30 shares
Royal 30 shares
Robert 40 shares
Although Royal and Maude had five children, Robert is their only
child who has ever had a common stock ownership interest in FIC
or been active in its management.
Burger King Corp. (BKC), a Florida corporation headquartered
in Miami, Florida, is the franchisor of the second largest
restaurant chain in the world, after McDonald's. Since 1967, BKC
has been a wholly owned subsidiary of Pillsbury, Inc. Pillsbury
was acquired by Grand Metropolitan PLC in 1989.
2 Burger King Corp. is the exclusive licensee of the Burger
King� registered trademark used in this opinion.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011