HUNTINGTON BEACH, Calif–March 28, 2003–Quiksilver, Inc. (NYSE:ZQK), today announced that the Board of Directors has approved a two-for-one stock split of the Company’s common shares, subject to stockholder approval of the amendment of the Company’s Certificate of Incorporation, which is expected at today’s Annual Meeting of Stockholders.
The split will be effected by issuing one additional share of common stock for every share of common stock held. The additional shares will be distributed on May 8, 2003, to holders of record at the close of business on April 30, 2003.
Robert McKnight, Chairman and Chief Executive Officer of Quiksilver, Inc, stated, “We are extremely pleased with the Board of Directors’ decision to split the stock and believe this will help provide greater liquidity for our current shareholders and attract new investors to the Company. Our strong business momentum continues, and we remain encouraged about our prospects for the future.”
Quiksilver designs, produces and distributes clothing, accessories and related products for young-minded people and develops brands that represent a casual lifestyle – driven from a board riding heritage. Quiksilver’s authenticity is evident in its innovative products, events and retail environments across the globe.
Quiksilver’s primary focus is apparel for young men and young women under the Quiksilver, Roxy, Raisins, and Radio Fiji labels. Quiksilver also manufactures apparel for boys (Quiksilver Boys and Hawk Clothing), girls (Roxy Girl, Teenie Wahine and Raisins Girls), men (Quiksilveredition and Fidra) and women (Leilani swimwear), as well as snowboards, snowboard boots and bindings under the Lib Technologies, Gnu, Supernatural Mfg. and Bent Metal labels. Quiksilver’s products are sold throughout the world, primarily in surf shops and specialty stores that provide an outstanding retail experience for our customers.