Summary by Moomoo AI
Deckers Outdoor's board approved a 6-for-1 forward stock split and a proportionate increase in authorized shares, subject to stockholder approval at the September 9, 2024 annual meeting. The split aims to make shares more affordable and increase liquidity.If approved, every share of common and preferred stock will be split into six shares, with distribution after market close on September 16, 2024. Trading on a post-split basis is expected to begin on September 17, 2024. The company will file a definitive proxy statement with the SEC for stockholder voting.CEO Dave Powers stated the split reflects strong financial performance and strategic execution. The company cautioned that forward-looking statements are subject to risks and uncertainties, and actual results may differ materially from those projected.
