Note 8 - Related Party Transactions
|9 Months Ended|
Jan. 01, 2017
|Notes to Financial Statements|
|Related Party Transactions Disclosure [Text Block]||
Alonim Investments Inc.
Alonim Investments Inc. (“Alonim”) through its wholly-owned affiliate, Rodfre Holdings LLC, owns approximately
7.6million shares, or approximately
16%,of our outstanding common stock as of
2017.As such, Alonim is our largest stockholder. Future Electronics Inc. (“Future”) is also an affiliate of Alonim and our largest distributor. One of our directors is an executive officer of Future. Our related party transactions primarily involved sales to Future.
Related party net sales as a percentage of our total net sales for the periods indicated below were as follows:
Related party receivables as a percentage of our net accounts receivables were as follows as of the dates indicated below:
Related party expenses for marketing promotional materials reimbursed were not significant for the
The former CEO of FusionOps, Inc. is a member of the Board of Directors for Exar. For the
$81,400,respectively to FusionOps, Inc. to build an application for internal data analysis. Through
2016in fiscal year
$82,200to FusionOps, Inc. We recorded these amounts as expenses in the periods in which such costs were incurred. Our board member who was previously affiliated with FusionOps, Inc., resigned from FusionOps, Inc. in
Interim President and Chief Executive Officer (“Interim CEO”)
Richard Leza served as our interim CEO through
2016when the Board of Directors appointed him as Executive Chairman and Technology Advisor. For the
$0.1million and issued
8,000fully vested restricted stock units with a grant date fair value of
$52,600for his services provided. On
2016,Mr. Leza resigned as our Executive Chairman and Technology Advisor.
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://www.xbrl.org/2003/role/presentationRef