CSPI announces 2-for-1 stock split and quarterly dividend increase to $0.05/shr

CSP INC /MA/

Board approved 2-for-1 stock split as 100% stock dividend; record date March 6, distribution March 20, 2024.
Authorized shares increased from 7.5M to 9.75M to accommodate split; no shareholder vote required.
Quarterly cash dividend increased to $0.05 per share (pre-split); payable March 8 to holders of record Feb 26.
CEO cites increased liquidity and confidence in ARIA Zero Trust offering as reasons for split.

item 5.03 item 8.01 item 9.01

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CSP INC /MA/: Increased authorized common shares from 7,500,000 to 9,753,900 (effective 2024-02-21).

Change: charter amendment
Effective: 2024-02-21

Exact text from the filing

On February 21, 2024, the Board of Directors of CSP Inc. (the “Company”) approved an amendment to the Company’s Articles of Organization to increase the total number of its authorized shares of Common Stock, par value $0.01, from 7,500,000 shares to 9,753,900 shares (the “Amendment”).

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CSP INC /MA/ filing history →

Source: SEC EDGAR

accession 0000356037-24-000020

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