ZEVEX International Inc. Announces 3-For-2 Stock Split
Published: Apr 21, 2006
SALT LAKE CITY--(BUSINESS WIRE)--April 20, 2006--ZEVEX International Inc. (NASDAQ: ZVXI - News), developer and manufacturer of high-quality, high-value medical products, announced today that its board of directors has approved a 3-for-2 stock split on all shares of its outstanding common stock, that will be effected in the form of a 50% stock dividend. The dividend will entitle all stockholders on record, as of the close of business on May 4, 2006, to receive one additional share of common stock for every two shares of common stock held at such time. The additional shares will be distributed to all stockholders on or about May 19, 2006. Currently, the company has approximately 3.6 million shares of common stock outstanding. After giving effect to the stock split, the company will have approximately 5.5 million shares of common stock outstanding. The board of directors believes the stock split reflects its confidence in the outlook for ZEVEX, and that the increase in outstanding shares will enhance the trading of the company's stock.