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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 on June 11 will receive one additional share for every two shares of common stock held and 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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