Deckers Outdoor Corporation has approved the increase of its total authorized number of shares of common stock and therefore, as previously announced, the company will effectuate a three-for-one stock split of the company's common shares.
All shareholders of record as of the close of business on June 17, 2010, will receive two additional shares of common stock for each share held on that date. The additional shares of common stock will be distributed on July 2, 2010.
Angel Martinez, president, chief executive officer and chairman, stated: “We believe the Board's decision to split the stock underscores our strong track record of growth and reflects our confidence in the future potential of our business. Furthermore, the additional outstanding shares will provide increased liquidity in the market and make our common shares more attractive to a broader range of investors.”
