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.”