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Sport Chalet pays stock dividend as of Sep 22, 2005
03 Oct '05
2 min read
Premier sporting goods store Sport Chalet Inc announced that as part of the recapitalization plan that was approved at the annual meeting of stockholders, the Company yesterday paid a stock dividend to stockholders of record on September 22, 2005.
Under the terms of the stock dividend, each stockholder will receive seven shares of Class A Common Stock for each share of Class B Common Stock held on the record date. The Class B Common Stock commenced trading ex-dividend of the Class A Common Stock dividend described above. The Class A Common Stock trades under the ticker symbol SPCHA.
As previously announced, on Wednesday, September 21, 2005, the Company's common stock commenced trading under the ticker symbol SPCHB. The commencement of trading of Class B Common Stock followed the approval of the Company's recapitalization plan at its annual meeting of stockholders which resulted in the reclassification of each outstanding share of common stock into 0.25 shares of Class B Common Stock.
Founded in 1959 by Norbert Olberz, Sport Chalet is a leading operator of full service specialty sporting goods stores in California and Southern Nevada. The Company offers over 40 services for the serious sports enthusiast, including backpacking, canyoneering, and kayaking instruction,
custom golf club fitting and repair, ski rental and repair, SCUBA training and certification, SCUBA boat charters, team sales, racquet stringing, and bicycle tune up and repair throughout its current 36 locations.
Under the terms of the stock dividend, each stockholder will receive seven shares of Class A Common Stock for each share of Class B Common Stock held on the record date. The Class B Common Stock commenced trading ex-dividend of the Class A Common Stock dividend described above. The Class A Common Stock trades under the ticker symbol SPCHA.
As previously announced, on Wednesday, September 21, 2005, the Company's common stock commenced trading under the ticker symbol SPCHB. The commencement of trading of Class B Common Stock followed the approval of the Company's recapitalization plan at its annual meeting of stockholders which resulted in the reclassification of each outstanding share of common stock into 0.25 shares of Class B Common Stock.
Founded in 1959 by Norbert Olberz, Sport Chalet is a leading operator of full service specialty sporting goods stores in California and Southern Nevada. The Company offers over 40 services for the serious sports enthusiast, including backpacking, canyoneering, and kayaking instruction,
custom golf club fitting and repair, ski rental and repair, SCUBA training and certification, SCUBA boat charters, team sales, racquet stringing, and bicycle tune up and repair throughout its current 36 locations.
Sport Chalet Inc
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