Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Jarden Announces 3-For-2 Stock Split
Jun 10, 2005
 Printable format
 Email this Article
 Search

Small appliance maker Jarden Corporation announced that its board of directors approved a 3-for-2 stock split of its outstanding shares of common stock. Stockholders of record at the close of business on June 20, 2005 will receive one additional share of Jarden common stock for every two shares of Jarden common stock owned on that date. The additional shares are expected to be distributed on or about July 11, 2005.

As a result of the stock split, and after taking into consideration the conversion of Series C Preferred Stock, the number of outstanding shares of common stock will increase to approximately 45.3 million from approximately 30.2 million.

In addition, the company announced that stockholders approved all six proposals from its Annual Meeting of Stockholders, including the re-election of Douglas W. Huemme, Robert L. Wood, and Irwin D. Simon to serve on the board of directors for a 3-year term.

Other proposals that were approved included the adoption of the amended and restated 2003 stock incentive plan, the appointment of Ernst & Young LLP as the company's independent registered public accounting firm, an increase in authorized common stock from 50,000,000 to 150,000,000, the conversion of the Series C Preferred Stock into Common Stock and Series B Preferred Stock, and an amendment to the company's Restated Certificate of Incorporation to amend the definition of "Related Party."

Martin E. Franklin, chairman and CEO, commented, "We are confident in the long-term growth potential of Jarden and are committed to making further progress on our quest to build a world-class consumer products company. Importantly, our board is committed to passing this value along to our shareholders and we believe the stock split will encourage broader ownership of Jarden as we grow from a small-cap to a mid-cap company."

Back to Daily News

 

Daily News

...........................................................

Nov 21, 2014: Electrolux: new U.S. fridge efficiency requirements are more complex than anticipated

Nov 21, 2014: Whirlpool brand launches Perceptions of Care video

Nov 21, 2014: Hon Hai 3Q profit $1 billion

Nov 21, 2014: Environmental Product Declarations for aluminum product types released

Nov 20, 2014: Report: Drop in affluents' consumer confidence may foretell signal trouble ahead for some retailers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows