v3.26.3
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Jun. 28, 2026
Jun. 29, 2025
Jun. 30, 2024
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Summary
Compensation
Table Total
for PEO1($)
 
 
Compensation
Actually
Paid to PEO
($)2
 
 
Average
Summary
Compensation
Table Total
for Non-PEO
Named
Executive
Officers
($)1
 
 
Average
Compensation
Actually
Paid to
Non-PEO
Named
Executive
Officers
($)2
 
 
Value of
Initial Fixed
$100 Investment
Based on
Total Shareholder
Return
($)
 
 
Net Income
(in thousands)
($)
 
 
2026
 
 
893,415
 
 
765,313
 
 
336,851
 
 
331,034
 
 
183
 
 
2,878
 
 
2025
 
 
780,252
 
 
697,313
 
 
307,038
 
 
342,417
 
 
141
 
 
2,702
 
 
2024
 
 
843,058
 
 
839,001
 
 
92,585
 
 
269,839
 
 
106
 
 
2,473
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1
Brandon Solano was the Company’s principal executive officer for each of these fiscal years. Jay Rooney, the Company’s Chief Financial Officer, was the only other named executive officer for fiscal 2026 and fiscal 2025. Clinton Fendley, the Company’s former Chief Financial Officer, and Mike Burns, the Company’s former Chief Operating Officer, each served as a named executive officer for a portion of fiscal 2024, and Mr. Rooney became Chief Financial Officer on March 25, 2024. Consequently, the average compensation of the non-PEO named executive officers for fiscal 2024 includes all three.
2
Calculated with an adjustment for fair value of stock awards in accordance with Item 402(v)(2)(iii) of Regulation S-K. Compensation actually paid does not reflect amounts actually earned, realized or received by the named executive officers. Fair values were calculated in accordance with FASB ASC Topic 718 and, for restricted stock units subject to performance conditions, reflect the probable outcome of those conditions as of each measurement date. The valuation assumptions used did not differ materially from those disclosed at the time of grant. The following table sets forth the adjustments made to the Summary Compensation Table totals to determine compensation actually paid (amounts for the non-PEO named executive officers are averages):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PEO 2026
 
 
PEO 2025
 
 
PEO 2024
 
 
Non-PEO
Average
2026
 
 
Non-PEO
Average
2025
 
 
Non-PEO
Average
2024
Summary Compensation Table total
 
 
893,415
 
 
780,252
 
 
843,058
 
 
336,851
 
 
307,038
 
 
92,585
Less: grant date fair value of stock awards reported in the Summary Compensation Table
 
 
(245,502)
 
 
(179,157)
 
 
(175,391)
 
 
(26,403)
 
 
(11,159)
 
 
(2,789)
Plus: year-end fair value of awards granted during the year that remain unvested at year end
 
 
277,505
 
 
263,562
 
 
267,750
 
 
47,742
 
 
46,538
 
 
22,491
Plus (less): change in fair value from prior year end to current year end of prior-year awards that remain unvested
 
 
(64,948)
 
 
(167,344)
 
 
2,021
 
 
(27,156)
 
 
—
 
 
222,613
Plus (less): change in fair value from prior year end to vesting date of prior-year awards that vested during the year
 
 
(95,157)
 
 
—
 
 
(98,437)
 
 
—
 
 
—
 
 
(3,315)
Less: prior year-end fair value of prior-year awards forfeited during the year
 
 
—
 
 
—
 
 
—
 
 
—
 
 
—
 
 
(61,746)
Total equity award adjustments
 
 
117,400
 
 
96,218
 
 
171,334
 
 
20,586
 
 
46,538
 
 
180,043
Compensation actually paid
 
 
765,313
 
 
697,313
 
 
839,001
 
 
331,034
 
 
342,417
 
 
269,839
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
Named Executive Officers, Footnote
1
Brandon Solano was the Company’s principal executive officer for each of these fiscal years. Jay Rooney, the Company’s Chief Financial Officer, was the only other named executive officer for fiscal 2026 and fiscal 2025. Clinton Fendley, the Company’s former Chief Financial Officer, and Mike Burns, the Company’s former Chief Operating Officer, each served as a named executive officer for a portion of fiscal 2024, and Mr. Rooney became Chief Financial Officer on March 25, 2024. Consequently, the average compensation of the non-PEO named executive officers for fiscal 2024 includes all three.
   
PEO Total Compensation Amount $ 893,415 $ 780,252 $ 843,058
PEO Actually Paid Compensation Amount $ 765,313 697,313 839,001
Adjustment To PEO Compensation, Footnote
2
Calculated with an adjustment for fair value of stock awards in accordance with Item 402(v)(2)(iii) of Regulation S-K. Compensation actually paid does not reflect amounts actually earned, realized or received by the named executive officers. Fair values were calculated in accordance with FASB ASC Topic 718 and, for restricted stock units subject to performance conditions, reflect the probable outcome of those conditions as of each measurement date. The valuation assumptions used did not differ materially from those disclosed at the time of grant. The following table sets forth the adjustments made to the Summary Compensation Table totals to determine compensation actually paid (amounts for the non-PEO named executive officers are averages):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PEO 2026
 
 
PEO 2025
 
 
PEO 2024
 
 
Non-PEO
Average
2026
 
 
Non-PEO
Average
2025
 
 
Non-PEO
Average
2024
Summary Compensation Table total
 
 
893,415
 
 
780,252
 
 
843,058
 
 
336,851
 
 
307,038
 
 
92,585
Less: grant date fair value of stock awards reported in the Summary Compensation Table
 
 
(245,502)
 
 
(179,157)
 
 
(175,391)
 
 
(26,403)
 
 
(11,159)
 
 
(2,789)
Plus: year-end fair value of awards granted during the year that remain unvested at year end
 
 
277,505
 
 
263,562
 
 
267,750
 
 
47,742
 
 
46,538
 
 
22,491
Plus (less): change in fair value from prior year end to current year end of prior-year awards that remain unvested
 
 
(64,948)
 
 
(167,344)
 
 
2,021
 
 
(27,156)
 
 
—
 
 
222,613
Plus (less): change in fair value from prior year end to vesting date of prior-year awards that vested during the year
 
 
(95,157)
 
 
—
 
 
(98,437)
 
 
—
 
 
—
 
 
(3,315)
Less: prior year-end fair value of prior-year awards forfeited during the year
 
 
—
 
 
—
 
 
—
 
 
—
 
 
—
 
 
(61,746)
Total equity award adjustments
 
 
117,400
 
 
96,218
 
 
171,334
 
 
20,586
 
 
46,538
 
 
180,043
Compensation actually paid
 
 
765,313
 
 
697,313
 
 
839,001
 
 
331,034
 
 
342,417
 
 
269,839
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
Non-PEO NEO Average Total Compensation Amount $ 336,851 307,038 92,585
Non-PEO NEO Average Compensation Actually Paid Amount $ 331,034 342,417 269,839
Adjustment to Non-PEO NEO Compensation Footnote
2
Calculated with an adjustment for fair value of stock awards in accordance with Item 402(v)(2)(iii) of Regulation S-K. Compensation actually paid does not reflect amounts actually earned, realized or received by the named executive officers. Fair values were calculated in accordance with FASB ASC Topic 718 and, for restricted stock units subject to performance conditions, reflect the probable outcome of those conditions as of each measurement date. The valuation assumptions used did not differ materially from those disclosed at the time of grant. The following table sets forth the adjustments made to the Summary Compensation Table totals to determine compensation actually paid (amounts for the non-PEO named executive officers are averages):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PEO 2026
 
 
PEO 2025
 
 
PEO 2024
 
 
Non-PEO
Average
2026
 
 
Non-PEO
Average
2025
 
 
Non-PEO
Average
2024
Summary Compensation Table total
 
 
893,415
 
 
780,252
 
 
843,058
 
 
336,851
 
 
307,038
 
 
92,585
Less: grant date fair value of stock awards reported in the Summary Compensation Table
 
 
(245,502)
 
 
(179,157)
 
 
(175,391)
 
 
(26,403)
 
 
(11,159)
 
 
(2,789)
Plus: year-end fair value of awards granted during the year that remain unvested at year end
 
 
277,505
 
 
263,562
 
 
267,750
 
 
47,742
 
 
46,538
 
 
22,491
Plus (less): change in fair value from prior year end to current year end of prior-year awards that remain unvested
 
 
(64,948)
 
 
(167,344)
 
 
2,021
 
 
(27,156)
 
 
—
 
 
222,613
Plus (less): change in fair value from prior year end to vesting date of prior-year awards that vested during the year
 
 
(95,157)
 
 
—
 
 
(98,437)
 
 
—
 
 
—
 
 
(3,315)
Less: prior year-end fair value of prior-year awards forfeited during the year
 
 
—
 
 
—
 
 
—
 
 
—
 
 
—
 
 
(61,746)
Total equity award adjustments
 
 
117,400
 
 
96,218
 
 
171,334
 
 
20,586
 
 
46,538
 
 
180,043
Compensation actually paid
 
 
765,313
 
 
697,313
 
 
839,001
 
 
331,034
 
 
342,417
 
 
269,839
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid and Total Shareholder Return. The value of an initial $100 investment in the Common Stock, made at the close of trading on June 23, 2023, the last trading day of fiscal 2023, increased to $106 at the end of fiscal 2024, $141 at the end of fiscal 2025 and $183 at the end of fiscal 2026. Compensation actually paid to the PEO was $839,001 for fiscal 2024, $697,313 for fiscal 2025 and $765,313 for fiscal 2026, and average compensation actually paid to the other named executive officers was $269,839, $342,417 and $331,034, respectively. Because a substantial portion of each named executive officer’s compensation is delivered in restricted stock units, compensation actually paid is affected by changes in the price of the Common Stock and in the probable outcome of the performance conditions applicable to those units. Compensation actually paid to the PEO increased in fiscal 2026 as the Company’s total shareholder return increased, but decreased in fiscal 2025 even though total shareholder return
increased, primarily because the fair value of the PEO’s unvested restricted stock units granted in prior years decreased during fiscal 2025, reflecting a lower probable outcome of the performance conditions applicable to those units, and the PEO’s Summary Compensation Table total was lower in fiscal 2025. Average compensation actually paid to the other named executive officers increased in fiscal 2025, primarily because the fiscal 2024 average included three officers, two of whom served for only part of the year and forfeited unvested awards on their departure, and Mr. Rooney’s partial year of service following his appointment on March 25, 2024.
   
Compensation Actually Paid vs. Net Income
Compensation Actually Paid and Net Income. The Company’s net income increased in each year presented, from $2.473 million in fiscal 2024 to $2.702 million in fiscal 2025 and $2.878 million in fiscal 2026. Compensation actually paid to the PEO decreased in fiscal 2025 and increased in fiscal 2026, and average compensation actually paid to the other named executive officers increased in fiscal 2025 and was approximately level in fiscal 2026. Compensation actually paid therefore did not move in the same direction as net income in each year, principally because it is driven by the value of outstanding restricted stock units rather than by annual earnings. Annual cash bonuses and the performance conditions applicable to restricted stock units are based on operating income, which is related to, but not the same as, net income.
   
Total Shareholder Return Amount $ 183 141 106
Net Income (Loss) $ 2,878,000 $ 2,702,000 $ 2,473,000
PEO Name Brandon Solano Brandon Solano Brandon Solano
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (245,502) $ (179,157) $ (175,391)
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 117,400 96,218 171,334
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 277,505 263,562 267,750
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (64,948) (167,344) 2,021
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (95,157) 0 (98,437)
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (26,403) (11,159) (2,789)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 20,586 46,538 180,043
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 47,742 46,538 22,491
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (27,156) 0 222,613
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 (3,315)
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 0 $ 0 $ (61,746)