Special Dividend

9 Months Ended

Feb. 27, 2014

4. Special Dividend

On December 6, 2012, the company’s Board of directors approved a special cash dividend of $1.00 per share of Common Stock and $0.90909 per share of Class B Common stock, which was paid on December 28, 2012, during the Company’s fiscal 2013 third quarter. The Board also accelerated the next two quarterly cash dividends totaling $0.17 per share of Common Stock and $0.15454 per share of Class B Common Stock that would have been paid in February and May of 2013 to the December payment date. The total combined dividend payment made during the fiscal 2013 third quarter was $30,924,000.