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Stockholders' Equity
12 Months Ended
Jan. 30, 2021
us-gaap_StockholdersEquityNoteAbstract  
Stockholders' Equity
9.
 
Stockholders’ Equity:
 
 
 
The holders
 
of Class
 
A Common
 
Stock are
 
entitled to
 
one vote
 
per share,
 
whereas the
 
holders of
Class B Common Stock are entitled to
 
ten votes per share. Each
 
share of Class B Common Stock may
 
be
converted at any time into one share of Class A Common Stock. Subject to the rights of the holders
 
of any
shares of Preferred
 
Stock that may
 
be outstanding at
 
the time, in
 
the event of
 
liquidation, dissolution or
winding up
 
of the
 
Company, holders
 
of Class
 
A Common
 
Stock are
 
entitled to
 
receive a
 
preferential
distribution of $1.00 per share of
 
the net assets of the
 
Company. Cash dividends
 
on the Class B Common
Stock cannot be paid
 
unless cash dividends of
 
at least an equal
 
amount are paid on
 
the Class A Common
Stock.
 
 
The Company’s
 
certificate of
 
incorporation provides that
 
shares of
 
Class B Common Stock
 
may be
transferred only
 
to certain
 
“Permitted Transferees”
 
consisting generally
 
of the
 
lineal descendants
 
of
holders of
 
Class B Common
 
Stock, trusts
 
for their
 
benefit, corporations
 
and partnerships
 
controlled by
them and the Company’s
 
employee benefit plans. Any transfer
 
of Class B Common Stock in
 
violation of
these restrictions, including a transfer to
 
the Company, results
 
in the automatic conversion of the
transferred shares
 
of Class
 
B Common
 
Stock held
 
by the
 
transferee into
 
an equal
 
number of
 
shares of
Class A Common Stock.