EMPLOYEE BENEFIT PLANS

12 Months Ended

Jun. 01, 2013

EMPLOYEE BENEFIT PLANS

10. EMPLOYEE BENEFIT PLANS

Employee Stock Purchase Plan: The Employee Stock Purchase Plan (“ESPP”) provides substantially all employees an opportunity to purchase our common stock at 85% of the stock price at the end of the fiscal year. At June 1, 2013, the ESPP had no shares reserved for future issuance. The ESPP was not offered to our employees for fiscal 2013, 2012, and 2011.

Employee Profit Sharing Plan: The employee profit sharing plan is a defined contribution profit sharing plan for employees. Annual contributions in cash are made at the discretion of the Board of Directors. The profit sharing plan has a 401(k) provision whereby we match 50% of employee contributions up to 4.0% of pay. Charges to expense for matching contributions to this plan were $0.2 million during fiscal 2013 and fiscal 2012, respectively. There were no matching contributions during fiscal 2011.

Foreign employees are covered by a variety of government mandated programs.