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Note 9 - Commitments and Contingencies
12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Commitments and Contingencies Disclosure [Text Block]
Note
9.
COMMITMENTS AND CONTINGENCIES
 
Litigation
We are subject to various legal proceedings and claims that arise in the ordinary course of business. In our opinion, the amount of any ultimate liability with respect to these actions will
not
materially affect our consolidated financial statements or results of operations.
 
Change of Control Agreements
Since
2002,
we entered into Change of Control Agreements (the Agreement(s)) with certain key executives (the Executive(s)). The Agreements provide an inducement for each Executive to remain as an employee in the event of any proposed or anticipated change of control in the organization, including facilitating an orderly transition, and to provide economic security for the Executive after a change in control has occurred.
 
In the event of an involuntarily termination in connection with a change of control as defined in the agreements, each Executive would receive their base salary, annual bonus at time of termination, and continued participation in health, disability and life insurance plans for a period of
three
years for officers and
two
years for all other participants. 
 
Stock Repurchase Plan
The
$250
share repurchase program, authorized by our Board of Directors in
August 
2017,
expired in
July 
2018
with
no
authorized repurchases remaining under this program. Under this repurchase program, we repurchased
55,199
shares totaling
$201
with commissions and fees during the year ended
December 31, 2018.
In
August 
2018,
the Board of Directors approved an additional
$250
share repurchase program. Under this repurchase program, we repurchased
32,769
 and
21,002
shares totaling
$133
and
$83
commissions and fees during the years ended
December 31, 2019
and
2018,
respectively. As of
December 31, 2019,
this share repurchase plan has expired.
 
Executive Separation Agreement
We entered into a Separation Agreement with Matt Mahmood, our former Chief Operating Officer, effective
October 5, 2018. 
In connection with the Separation Agreement, the Company recognized approximately
$235
in expense during the year ended
December 31, 2018
related to separation payments.  We paid approximately
$60
in
2018
and the remainder in
2019.
 
COVID-
19
 
COVID-
19
has
not
had a significant impact on our business. Although we currently expect that any future disruptive impact of COVID-
19
on our business to be temporary, this situation continues to evolve rapidly and therefore we cannot predict the extent of which COVID-
19
‘s impact on us.  We expect and are seeing that COVID-
19
(and reactions to it) are having and will have negative global financial consequences and heightened uncertainty, which
may
directly or indirectly negatively impact the operation of our supply chain, our liquidity and capital resources, and our workforce availability, any of which could have a material adverse effect on our business, financial condition, results of operations or cash flows.