other_material
confidence high
sentiment neutral
materiality 0.60
Leslie's shareholders approve 1-for-20 reverse stock split; effective Sept 25
Leslie's, Inc.
- Shareholders approved reverse split at ratios up to 1-for-30; board set final ratio at 1-for-20.
- Effective after close Sept 25, 2025; trading on split-adjusted basis Sept 26 under same ticker LESL.
- Post-split shares outstanding reduced to ~9.29M; authorized shares decreased to 50M.
- No fractional shares; aggregated fractional shares sold and proceeds distributed pro rata.
- Proportionate adjustments to equity awards under 2020 Omnibus Incentive Plan.
item 5.07item 8.01