That's the one. Mike was shown briefly making the wheels for the Mustang this week.
He was fired a few weeks back by Boyd, after Boyd found out he had been designing motorcycle wheels for Foos while working on Boyd's time.
Boyd sent him home, had the computer geeks come in and seize his computer, and reportedly found designs for Foos on it. This all happened after Dewaine got a phone call from one of his buddies telling him about Mike.
Got to at least give Mike credit for not lying about it, once he was confronted. However, he seemed somewhat confused about how that might constitute a conflict of interest. Not the brightest bulb in the box.