20. Related Party Transactions
There were receivables from related parties of $23 and $77 at March 2, 2013 and March 3, 2012, respectively.
As of March 2, 2013, the Jean Coutu Group owned 178,401,162 shares (19.0% of the voting power of the Company) of common stock. On April 17, 2013, the Jean Coutu Group announced that it had sold 72,500,000 of its 178,401,162 shares of Rite Aid's common stock. As a result of such sale, the Jean Coutu Group was required to cause one of its designees to immediately resign from Rite Aid's board of directors and accordingly, Michel Coutu resigned from Rite Aid's board of directors effective April 17, 2013. At this level of ownership, the Jean Coutu Group (and, subject to certain conditions, certain members of the Coutu family) have the right to designate one of the nine members of the Company's board of directors, subject to adjustment for future reductions in its ownership position in the Company.
The Company had a financial advisory services agreement with Leonard Green & Partners, L.P. to pay a monthly fee of $12.5 plus out-of-pocket expenses which was terminated in fiscal 2012. The Company paid fees of $38 and $163 for financial advisory services and expense reimbursements of $67 and $151, in fiscal 2012 and fiscal 2011, respectively.