Autodesk Announces 2-for-1 Stock Split
The 2-for-1 stock split will be effected as a stock dividend. Stockholders as of the close of business on April 4, 2002 will be issued one additional share for each share held on the record date, with a distribution date of April 18, 2002. The stock split will increase the number of shares of common stock outstanding from approximately 55 million shares to approximately 110 million shares.
"We are pleased to announce this stock split for our stockholders," said Carol Bartz, chairman and CEO. "The Board of Directors authorized the stock split principally to obtain wider distribution and greater liquidity for the common stock."
Additionally, the Board of Directors has declared a quarterly cash dividend of $0.06 per share (pre-split) on its common stock. The dividend is payable April 18, 2002 to stockholders of record at the close of business on April 4, 2002. As of January 31, 2002, the Company had $504.6 million in cash, cash equivalents and marketable securities and approximately 55 million shares of common stock outstanding.
About AutodeskFounded in 1982, Autodesk, Inc., is the world's leading design and digital media creation, management, and distribution company. The company serves a diverse portfolio of markets, including building design, geographic information systems, manufacturing, digital media, and wireless data services. By delivering tools that foster innovation and creativity, Autodesk helps customers throughout the value chain leverage digital design data to work better, faster, and smarter. For more information about the company, see www.autodesk.com.
Note to Editors: Autodesk and the Autodesk logo are registered trademarks of Autodesk, Inc., in the United States and/or certain other countries. All other brand names, product names, or trademarks are used solely for the purpose of identification and belong to their respective holders.
CONTACT: Autodesk Steve Cakebread, 415/507-6587 steve.cakebread@autodesk.com Misty Ohmart, 415/507-6208 misty.ohmart@autodesk.com URL: http://www.businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page.
Copyright (C) 2002 Business Wire. All rights reserved.