Quarterly report pursuant to Section 13 or 15(d)

Note 14 - Subsequent Events

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Note 14 - Subsequent Events
9 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Subsequent Events [Text Block]
(
14
)
Subsequent Event
s
 
We have evaluated subsequent events through the date that the consolidated financial statements were issued.
 
Optimization of Manufacturing and Logistics
 
On
April 17, 2019,
the Company issued a press release announcing plans to further improve its vertical integration operations with the following initiatives:
 
 
-
Our Old Fort, North Carolina plant will be converted into a state-of-the-art distribution center to support our national distribution structure.
 
 
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Consolidating approximately half of the case goods manufacturing at our Old Fort plant into our case goods plants in Orleans and Beecher Falls, Vermont, with the balance to be consolidated into our other manufacturing facilities.
 
 
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Expand our Maiden, North Carolina campus with the addition of
80,000
square feet of operating space.
 
 
-
Distribution operations at our Passaic, New Jersey facility will be discontinued and subsequently moved to our operations in North Carolina and the art framing operations will be outsourced.