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California Pizza Kitchen splits stock
May 23, 2007
LOS ANGELES — The board of directors of California Pizza Kitchen Inc. has approved a three-for-two stock split which will be distributed in the form of a 50 percent stock dividend.
California Pizza Kitchen's common stockholders of record at the close of business June 11 will receive one additional share for every two shares of common stock held; cash will be distributed in lieu of fractional shares. The new shares will be distributed and will begin trading on a split-adjusted basis effective June 18.
The stock split will increase the number of outstanding shares of California Pizza Kitchen common stock from approximately 19.4 million to approximately 29.1 million.
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