Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Subsequent Events

Note 8 - Subsequent Events
3 Months Ended
Jul. 03, 2011
Subsequent Events [Text Block]
Note 8 – Subsequent Events

The Company has determined that there are no subsequent events that require disclosure pursuant to FASB ASC Topic 855, as revised, except as set forth below.

On August 9, 2011, at the Company’s 2011 annual meeting of stockholders, a proposal was approved to amend the Company’s amended and restated certificate of incorporation to reduce the number of shares of the Company’s authorized capital stock.  Prior to the approval of this proposal, the Company’s amended and restated certificate of incorporation authorized the issuance of up to 75,000,000 shares of capital stock, subdivided as follows:

Common stock, $0.01 par value per share:
   Series A
   Series B
   Series C
Total common stock
Preferred stock, $0.01 par value per share
Total authorized capital stock

Subsequent to the approval of the proposal, the Company’s authorized capital stock has been reduced to 40,000,000 shares, all of which are Series A common stock with a par value of $0.01 per share.