Rescission Offer

9 Months Ended

Mar. 30, 2013

Rescission Offer

Rescission Offer

Note 19. Rescission Offer

During the first quarter of fiscal 2013, the Company discovered it inadvertently failed to register the offer and issuance of shares under its ESPP with the SEC for the last three years. As a result, during the third quarter of fiscal 2013, the Company made a rescission offer to certain purchasers of securities under the ESPP to rescind their purchases for an amount equal to the purchase price paid for the securities plus interest from the date of purchase limited to the unregistered shares purchased on January 31, 2012 and July 31, 2012. The rescission offer expired before the end of the quarter. The payments to eligible plan participants as a result of the rescission offer were immaterial. These shares have been and continue to be treated as issued and outstanding for financial reporting purposes.