Note 19 - Related Party Disclosure

12 Months Ended

Feb. 03, 2018

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

19.

         

Related party disclosure

Related party interests. 

Thinh Q. Tran, the Company’s former President and Chief Executive Officer and a former member of the Board of Directors is the founder of V-Silicon International, Inc. which, subsequent to year end, acquired the Company’s Connected Smart TV Platforms business unit.  The purchase agreement for the sale of these businesses was negotiated at arm’s length and only after the departure of Mr. Tran from the Company.

Martin Manniche, a member of our board of directors, also serves on the board of directors of Telechips Inc. with which we had a joint collaboration agreement to develop and commercialize a set-top box microprocessor SoC solution. The agreement began in fiscal year

2016

and ended by mutual agreement in the

fourth

quarter of fiscal

2018.

Disclosure of waivers

.

The Company has

not

entered into any agreement with any past or present employee or contractor, with any related party or with any party with potential conflict of interest that waives the Company’s disclosure obligations or enforcement rights pertaining to matters of Company business.