Zumiez Inc.'s Board of Directors has approved a two-for-one stock split of the Company's common shares. The stock split will be effected through a share dividend whereby shareholders of record as of the close of trading on March 29, 2006 will receive a dividend of one share of common stock for each share of common stock they own on that date. The additional shares will be distributed on April 19, 2006. The Company had 13,629,649 shares of common stock outstanding as of March 14, 2006.
Rick Brooks, President and Chief Executive Officer of Zumiez Inc., stated, “We are pleased with the Board's decision to approve the stock split, which is intended to make Zumiez shares more accessible, and increase our shareholder base and market liquidity. Today's action reflects our confidence in Zumiez long-term strategy and the growth potential of our Company.”
