Deckers Brands (NYSE: DECK), a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, announced that during its annual meeting held on September 9, 2024, its stockholders approved a six-for-one forward stock split, along with a proportionate increase in the number of authorized shares of its common stock.
“We are excited to announce stockholder approval of the six-for-one forward stock split, which we believe will make ownership of our stock more affordable and attractive to a broader group of investors, including employees,” said Stefano Caroti, President and Chief Executive Officer.
The Company filed an amendment to its Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect the stock split and proportionate increase in the number of authorized shares of common stock. The amendment became effective upon filing on September 13, 2024.
As a result of the stock split, every one share of common stock outstanding on September 6, 2024, the record date for the stock split, was split into six shares of common stock. The additional shares of common stock are expected to be distributed after market close on September 16, 2024.
Trading is expected to begin on a post-stock split adjusted basis at market open on September 17, 2024.
About Deckers Brands
Deckers Brands is a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. The Company’s portfolio of brands includes UGG®, HOKA®, Teva®, Koolaburra®, and AHNU®. Deckers Brands products are sold in more than 50 countries and territories through select department and specialty stores, Company-owned and operated retail stores, and select online stores, including Company-owned websites. Deckers Brands has over 50 years of history building niche footwear brands into lifestyle market leaders attracting millions of loyal consumers globally. For more information, please visit www.deckers.com .
