Ansoft Corporation Board of Directors Approve 2-for-1 Stock Split
March 07 2006 - 2:45PM
Business Wire
Ansoft Corporation ("Ansoft") (NASDAQ:ANST), announced today that
its Board of Directors approved a 2-for-1 stock split in the form
of a 100% stock dividend subject to the Company's stockholders
voting in favor of a proposal to increase the authorized common
stock of the Company by 25 million shares to 50 million shares. If
the share increase is approved, holders of record on the close of
business on May 2, 2006 would be entitled to receive on or about
May 9, 2006 one additional share for each share held on May 2,
2006. Stockholders will be asked to vote on the proposed amendment
to the Company's Certificate of Incorporation to increase
authorized common stock at a Special Meeting of stockholders
scheduled to be held on April 20, 2006 at the corporate offices of
Ansoft. At the Special Meeting, stockholders also will be asked to
approve a new Stock Incentive Plan that replaces the 1995 Stock
Option Plan which expired in 2005. Copies of the 2006 Stock
Incentive Plan along with a description of its features will be
contained in the proxy being sent to stockholders. Further
information regarding the Special Meeting and the record date for
stockholders entitled to vote at the Special Meeting will be
contained in the proxy that will be distributed at least 20 days
prior to the Special Meeting. Nicholas Csendes, Ansoft's president
and CEO, said "This April will be the tenth year since Ansoft went
public at $8.50 a share. It is with great satisfaction that we at
Ansoft will mark this tenth anniversary by implementing a 2-for-1
stock split. I would like to thank the employees and shareholders
of Ansoft for their effort and support that contributed greatly to
our success." Ansoft is a leading developer of high-performance
electronic design automation (EDA) software. Engineers use Ansoft
software to design state-of-the-art electronic products, such as
cellular phones, internet access devices, broadband networking
components and systems, integrated circuits (ICs), printed circuit
boards (PCBs), automotive electronic systems and power electronics.
Ansoft markets its products worldwide through its own direct sales
force and has comprehensive customer-support and training offices
throughout North America, Asia and Europe. This press release
contains forward-looking statements that are made pursuant to the
safe harbor provisions of the Private Securities Litigation Act of
1995. These forward-looking statements involve risks and
uncertainties about the Company's business that are detailed from
time to time in the Company's SEC reports, including the reports on
Form 10-K for the year ended April 30, 2005. For further
information regarding risks and uncertainties associated with
Ansoft's business, please refer to the "Management's Discussion and
Analysis of Financial Condition and Results of Operations" section
of Ansoft's SEC filings, including, but not limited to, its annual
report on Form 10-K and quarterly reports on Form 10-Q, copies of
which may be obtained at Ansoft's website at
www.ansoft.com/about/investor/index.cfm. All information in this
release is as of March 7, 2006. Ansoft undertakes no duty to update
any forward-looking statement to conform the statement to actual
results or changes in the Company's expectations.
Ansoft (NASDAQ:ANST)
Historical Stock Chart
From Jun 2024 to Jul 2024
Ansoft (NASDAQ:ANST)
Historical Stock Chart
From Jul 2023 to Jul 2024