service outlets and venues, including airports, highway travel plazas, colleges and universities, gas and convenience stores, military installations and Veteran’s Administration hospitals throughout the country. Expansion Program As a result of its partnership with John Morrell, the company expects Nathan’s Famous products to further penetrate the grocery, mass merchandising and club channels by expanding points of distribution in targeted, underpenetrated regions and through the development of new products. Licensing Program Commencing March 2, 2014, John Morrell & Co., a subsidiary of Smithfield Foods, Inc., became Nathan’s primary licensee. Pursuant to the Agreement, John Morrell & Co., for a term of 18 years has been granted, among other things, the exclusive right and obligation to manufacture, distribute, market and sell ‘Nathan’s Famous’ branded hot dog, sausage and corned beef products in refrigerated consumer packages to be resold through retail channels (supermarkets, groceries, mass merchandisers and club stores) within the United States, a right of first offer to license any other ‘Nathan’s Famous” branded refrigerated meat products in consumer packages to be resold through retail channels within the United States, on terms to be negotiated in good faith, the right and obligation to manufacture ‘Nathan’s Famous’ branded hot dog and sausage products in bulk for use in the food service industry within the United States, and the non-exclusive right and obligation to supply ‘Nathan’s Famous’ natural casing and skinless hot dogs in bulk for use in the ‘Nathan’s Famous’ restaurant system within the United States. The company licenses the manufacture of the proprietary spices which are used to produce Nathan’s World Famous Beef Hot Dogs to Saratoga Specialties. During fiscal 2016, the company's licensee ConAgra Foods Lamb Weston, Inc. produced and distributed Nathan’s Famous frozen French fries and onion rings for retail sale pursuant to a license agreement. These products were distributed within 37 states, primarily on the East Coast and in the South-West and West Coast during 2016. The company also has licensing agreements with Hermann Pickle Packers, Inc., Gold Pure Food Products Co., Inc. and others. These companies licensed the ‘Nathan’s Famous’ or ‘Arthur Treacher’ name for the manufacture and sale of various products, including mustard, salsa, sauerkraut and pickles. The company has a license agreement with Inventure Foods, Inc. for the manufacture and sale of Nathan’s branded potato chips and three other salty snack products. Provisions and Supplies The company’s World Famous Beef Hot Dogs are primarily manufactured by John Morrell & Co. for sale by its Branded Product Program, its restaurant system, and at retail. John Morrell & Co. and other hot dog manufacturers supply the hot dogs for its company-operated and franchise-operated restaurants. Saratoga Specialties produces Nathan’s proprietary spice formulations and it has, in the past, engaged Newly Weds Foods, Inc. as an alternative source of supply. Its frozen crinkle-cut French fries have been produced exclusively by ConAgra Foods Lamb Weston, Inc. McCain Foods USA is a secondary source of supply of the company's frozen French fries for its restaurant system. During fiscal 2016, McCain Foods USA provided approximately 15.6% of its frozen crinkle-cut French fries. Government Regulation The company is subject to Federal Trade Commission (FTC) regulation and various states’ laws that regulate the offer and sale of franchises. It is subject to the Federal Fair Labor Standards Act and various other federal and state laws that govern minimum wages, overtime, working conditions, mandatory benefits, health insurance, and other matters. The company is also subject to the requirement that its restaurants post certain calorie content information for standard menu items, pursuant to Section 4205 of the Patient Protection and Affordable Care Act of 2010. Trademarks The company holds trademark and/or service mark registrations for NATHAN’S, NATHAN’S FAMOUS, NATHAN’S FAMOUS and design, NATHAN’S and Coney Island design, SINCE
nathan's famous inc (NATH:NASDAQ GS)
One Jericho Plaza
Second Floor - Wing A
Jericho, NY 11753
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