XML 28 R17.htm IDEA: XBRL DOCUMENT v3.22.1
Note 11 - Subsequent Events
3 Months Ended
Apr. 03, 2022
Notes to Financial Statements  
Subsequent Events [Text Block]

Note 11 — Subsequent Events

 

On April 4, 2022, the Company entered into a Fifth Amendment to the December 21, 2018 Amended and Restated Loan and Security Agreement (the "Agreement") with Heritage Bank. See Note 5, Debt Obligations, for additional information.

 

On May 10, 2022 (the "Date") at the Company's Annual Meeting, a majority of shareowners approved the proposed Amendment to increase  the number of shares available for future awards under the 2019 Plan by 900,000 shares of common stock.  The approval of an additional 900,000 shares of common stock on the Date, increases the total number of available shares under the 2019 Plan to 1,422,027. The number of  shares available for future awards as of the date of the Annual Meeting are the sum of (1) 900,000, (2) the number of shares available for future awards under the plan immediately before such approval which were 522,027 shares and (3) any shares subject to outstanding awards under the 2019 Plan or the 2009 Plan, that are terminated, canceled, surrendered, or forfeited which was zero at the Date.