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Zumiez's BOD approves stock split of common shares
16 Mar '06
1 min read
Leading specialty retailer of action sports related apparel, footwear, equipment and accessories Zumiez Inc announced that the Board of Directors has approved a two-for-one stock split of the Company's common shares.
The stock split will be effective through a share dividend whereby shareholders of record as of the close of trading on March 29, 2006 will receive a dividend of one share of common stock for each share of common stock they own on that date.
The additional shares will be distributed on April 19, 2006.
The Company had 13,629,649 shares of common stock outstanding as of March 14, 2006.
Rick Brooks, President and Chief Executive Officer of Zumiez Inc, stated that they were pleased with the Board's decision to approve the stock split, which is intended to make Zumiez shares more accessible, and increase their shareholder base and market liquidity.
Zumiez is a leading specialty retailer of action sports related apparel, footwear, equipment and accessories.
Their stores cater to young men and women between ages 12-24, focusing on skateboarding, surfing, snowboarding, motocross and BMX.
As of March 15, 2006 they operate 176 stores, which are primarily located in shopping malls
The stock split will be effective through a share dividend whereby shareholders of record as of the close of trading on March 29, 2006 will receive a dividend of one share of common stock for each share of common stock they own on that date.
The additional shares will be distributed on April 19, 2006.
The Company had 13,629,649 shares of common stock outstanding as of March 14, 2006.
Rick Brooks, President and Chief Executive Officer of Zumiez Inc, stated that they were pleased with the Board's decision to approve the stock split, which is intended to make Zumiez shares more accessible, and increase their shareholder base and market liquidity.
Zumiez is a leading specialty retailer of action sports related apparel, footwear, equipment and accessories.
Their stores cater to young men and women between ages 12-24, focusing on skateboarding, surfing, snowboarding, motocross and BMX.
As of March 15, 2006 they operate 176 stores, which are primarily located in shopping malls
Zumiez Inc
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