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Related Party Transactions
12 Months Ended
Dec. 29, 2020
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
Stockholders Agreement
In connection with its initial public offering, the Company entered into a stockholders agreement (the “2013 Stockholders Agreement”) with L Catterton and Argentia Private Investments, Inc. which granted them the right, subject to certain conditions, to nominate representatives to the Company’s Board of Directors and committees of the Board of Directors. Each of L Catterton and Argentia’s ownership levels have fallen below 10.0% of our outstanding common stock, and as such, neither have a right to designate a nominee.
Securities Purchase Agreements
Under the securities purchase agreement with Mill Road, if at any time Mill Road owns 10.0% or more of our outstanding common stock, Mill Road has the right to designate one nominee for election to our Board of Directors. If Mill Road’s ownership level falls below 10.0% of our outstanding common stock, Mill Road will no longer have a right to designate a nominee. As of December 29, 2020, Mill Road does not hold a position on the Company’s Board of Directors.