March 29, 2003 |
On the heels of a strong year and an even stronger first quarter, sports apparel maker Quiksilver Inc. said its board had approved a 2-for-1 stock split. "We believe this will increase the liquidity of our shares and attract new investors," Chief Executive Robert B. McKnight Jr. said during a shareholders' meeting at the firm's Huntington Beach headquarters. It is the third stock split for Quiksilver since it went public in 1986.
December 3, 2002 |
Lucent Technologies Inc. will ask shareholders for the option to approve a reverse stock split at any one of four ratios, a move needed because of the lingering slump in Lucent's stock price. Lucent, which announced plans for the reverse split in October, will seek shareholder approval of the proposal during its next annual meeting, set for Feb. 19 in Dallas, according to a preliminary proxy statement filed late Monday with the Securities and Exchange Commission.
February 14, 2002 |
Jacobs Engineering Group Inc., an engineering and construction company, plans to split its common stock 2-for-1 on or about April 1. The company will distribute shares as a stock dividend of one additional share of Jacob's stock for each share owned by shareholders of record on March 1. Jacobs, which has 26.9 million shares outstanding, in January said fiscal first-quarter profit rose 29% to $25.9 million, or 94 cents a share, on higher revenue. Shares of Jacobs fell 12 cents to $63.
September 26, 2001 |
Irvine Sensors Corp. shareholders approved a 1-for-20 reverse stock split, which takes effect today, in response to Nasdaq warnings that the shares could be delisted for falling below the $1 minimum price requirement. The Costa Mesa electronics products maker's stock, which has lost more than 88% of its value this year, closed Tuesday at 14 cents, off 4 cents a share, on the Nasdaq SmallCap market.
August 1, 2001 |
Semiconductor maker Microsemi Corp. Tuesday set a 2-for-1 stock split after stockholders approved an increase in the number of authorized shares of common stock from 20 million to 100 million. The Irvine company said the stock split will be in the form of a dividend payable in shares of common stock. The dividend is payable Aug. 28 to stockholders of record as of the close of business Aug. 14.
July 19, 2001 |
Wet Seal Inc., a Foothill Ranch specialty retailer catering to teens, said its board has declared a stock split that will give shareholders one additional share of common stock for every two shares they own. The 3-for-2 split, which will be effected as a 50% common stock dividend, will be payable Tuesday to shareholders of record July 16. Wet Seal stock rose 20 cents to $24.03 a share on Nasdaq.