Under Armour, Inc. board of directors approved a two-for-one stock split of its outstanding common stock. The stock split will be effected in the form of a dividend of one share of Class A Common Stock for each share of Class A Common Stock outstanding and one share of Class B Common Stock for each share of Class B Common Stock outstanding. The additional shares issued as a result of the stock split will be distributed on or about July 9, to stockholders of record on June 25, 2012.
“We are proud of the value we have delivered to our stockholders over the long-term, and we believe this stock split may broaden our investor base and improve the trading liquidity of our stock,” said Under Armour Inc. Chairman and CEO Kevin Plank. “This is the company's first stock split since it went public in November 2005.
