CorVel Announces 3-For-1 Forward Stock Split, Also Approved A Proportionate Increase In The Number Of Authorized Shares Of Common Stock To Accommodate The Stock Split; The Board Did Not Approve An Increase In The Number Of Authorized Shares Of Preferred Stock.
CorVel Corporation (NASDAQ:CRVL) announces that its Board of Directors approved a three-for-one forward stock split of its common stock. The Board also approved a proportionate increase in the number of authorized shares of common stock to accommodate the stock split. The Board did not approve an increase in the number of authorized shares of preferred stock.
The implementation of the stock split and authorized share increase is subject to the filing of an amendment to the Company's Fourth Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware, which the Company expects to file on December 24, 2024.
