Summary
Apple Computer, Inc. (AAPL) filed an 8-K on March 2, 2005, detailing a significant corporate action: an amendment to its Restated Articles of Incorporation to increase the authorized shares of Common Stock to 1,800,000,000 and, more importantly, a 2-for-1 stock split. This split was effective February 25, 2005, for all shares outstanding as of February 18, 2005. This move is generally aimed at increasing the liquidity and affordability of the company's stock, potentially making it more attractive to a wider range of investors.
Key Highlights
- 1Apple Computer, Inc. announced a 2-for-1 stock split of its Common Stock.
- 2The stock split was effective February 25, 2005.
- 3All shares of Common Stock outstanding as of February 18, 2005, were subject to the split.
- 4The company amended its Restated Articles of Incorporation.
- 5Authorized Common Stock was increased to 1,800,000,000 shares to accommodate the split and future needs.
- 6The filing includes the Certificate of Amendment to the Restated Articles of Incorporation as an exhibit.