Deckers Brands, the parent of the Ugg, Hoka, Teva, Koolaburra, and Ahnu, reported that during its annual meeting held on September 9, 2024, the company’s stockholders approved a six-for-one forward stock split and a proportionate increase in the number of authorized shares of its common stock.
“We are excited to announce stockholder approval of the six-for-one forward stock split, which, we believe, will make ownership of our stock more affordable and attractive to a broader group of investors, including employees,” said Stefano Caroti, president and CEO of Deckers Brands, Inc.
Deckers said it filed an Amendment to its Amended and Restated Certificate of Incorporation with The Delaware Secretary of State to effect the stock split and proportionate increase in the number of authorized shares of common stock. The Amendment reportedly became effective upon filing on September 13, 2024.
As a result of the stock split, every share of common stock outstanding on September 6, 2024, the record date for the stock split was split into six shares of common stock. The additional shares of common stock are expected to be distributed after the market closes on September 16, 2024. Trading is expected to begin post-stock split-adjusted at market open on September 17, 2024.
Image courtesy Deckers Brands, Inc.
