Quiksilver has approved a two-for-one stock split of the Company's common shares, subject to stockholder approval of the amendment of the Company's Certificate of Incorporation, which is expected at today's Annual Meeting of Stockholders. The split will be effected by issuing one additional share of common stock for every share of common stock held.
The additional shares will be distributed on May 11, 2005, to holders of record at the close of business on April 27, 2005.
Robert B. McKnight, Jr., Chairman and Chief Executive Officer of Quiksilver, Inc., stated, “We believe the Board's decision underscores our strong track record of growth and reflects our confidence in the potential of our business. Furthermore, by increasing the number of shares we expect to improve the liquidity of our common stock and place the market price in a more attractive range for investors.”
