Skechers Announces 3-for-1 Stock Split

(RTTNews) - Skechers USA Inc. (SKX) that its Board of Directors has approved a three-for-one split of the company's Class A and Class B common stock that will be distributed in the form of a stock dividend.

The stock split is subject to stockholder approval of an amendment to the company's Certificate of Incorporation to increase the authorized number of Class A and Class B shares.

The stockholder vote is expected to take place at a special meeting of stockholders currently scheduled for September 24.

If the company's stockholders approve the authorization of additional shares, the stock dividend will be distributed to the stockholders of record as of the close of business on October 2, with a payment date of October 15.