XML 32 R17.htm IDEA: XBRL DOCUMENT v3.19.1
Stock Ownership
12 Months Ended
Mar. 30, 2019
Stock Ownership [Abstract]  
Stock Ownership

NOTE 9 – STOCK OWNERSHIP



Holders of at least 60% of the Class C preferred stock must approve any action authorized by the holders of Common Stock.  In addition, there are certain restrictions on the transferability of shares of Class C preferred stock.  In the event of a liquidation, dissolution or winding-up of Monro, the holders of the Class C preferred stock would be entitled to receive $1.50 per share out of the assets of Monro before any amount would be paid to holders of Common Stock.  The conversion value of the Class C convertible preferred stock was $.064 per share at March 30, 2019 and March 31, 2018.