Independent
Tenure on this board
9.9 yrs
9 nominees · 3 ballot items.
Election of nine directors; ratification of the appointment of BDO USA, P.C. as the independent registered public accounting firm for the fiscal year ending June 28, 2026; and approval of an amendment to the 2003 Long Term Incentive and Share Award Plan to increase the authorized shares.
The Board of Directors recommends the election of nine director nominees to serve until the 2026 Annual Meeting or until their successors have been duly elected and qualified.
The Audit Committee has recommended ratifying the appointment of BDO USA, P.C. as the Company’s independent registered public accounting firm for the fiscal year ending June 28, 2026; stockholders’ ratification is not required but is sought as good corporate practice.
The Board proposes to amend the Plan to increase the total number of shares reserved for issuance under the Plan by 5,000,000, bringing the aggregate available shares for Awards to 23,000,000; the Plan allows for various Awards and is intended to attract, retain and motivate employees, consultants and Directors.
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | Fund 1 Investments, LLCActivist | 8.36% | 5,359,437 | $16M |
| 2 | Newtyn Management, LLC | 5.46% | 3,500,000 | $11M |
| 3 | Nantahala Capital Management, LLC | 5.27% | 3,375,065 | $10M |
| 4 | DIMENSIONAL FUND ADVISORS LP | 2.69% | 1,723,944 | $5M |
| 5 | GOLDMAN SACHS GROUP INC | 2.09% | 1,339,602 | $4M |
| 6 | GAMCO INVESTORS, INC. ET AL | 2.00% | 1,284,900 | $4M |
| 7 | CITIGROUP INC | 1.72% | 1,102,691 | $3M |
| 8 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1.59% | 1,021,363 | $3M |
| 9 | HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 1.59% | 1,021,000 | $3M |
| 10 | VANGUARD CAPITAL MANAGEMENT LLC | 1.57% | 1,007,429 | $3M |
The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon.
This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.
None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by Boardroom Alpha that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.
No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.