other material
confidence high
sentiment neutral
materiality 0.50
CorVel announces 3-for-1 forward stock split and authorized share increase
CORVEL CORP
- Board approved 3-for-1 forward stock split of common stock and increase in authorized shares from 120M to 360M.
- Record date Dec 23, 2024; amendment to charter expected Dec 24; adjusted trading expected Dec 26 subject to Nasdaq approval.
- No stockholder vote required; no change in par value or preferred stock authorization.
- CEO cites 'extraordinary growth' in stock price and desire to increase accessibility for investors.