Air Methods Holders Approve 3-for-1 Split, Amended Equity Plan
The stockholders of Air Methods Corporation (Nasdaq: AIRM), the global leader in air medical transportation, today approved a three-for-one stock split, an increase from 23.5 million to 70.5 million in the number of authorized shares of the Company's Common Stock and an increase from 5 million to 15 million in the number of authorized shares of the Company's Preferred Stock. The Company's stockholders also approved a Second Amended and Restated 2006 Equity Compensation Plan, which increases the number of authorized shares available under the Amended and Restated 2006 Equity Compensation Plan (2006 Plan) from 1,000,000 to 1,800,000 (on a pre-split basis) and makes certain other conforming and technical tax changes to the 2006 Plan.
The record date for the stock split will be December 14, 2012, with new shares expected to be distributed on or about December 28, 2012. Each stockholder of record on the close of business on the record date will receive two additional shares of common stock for each share held.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.