Ansoft (NASDAQ:ANST)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Ansoft Charts. Click Here for more Ansoft Charts.](/p.php?pid=staticchart&s=N%5EANST&p=8&t=15)
Ansoft Corporation ("Ansoft") (NASDAQ:ANST), announced
today that its Board of Directors approved a 2-for-1 stock split in
the form of a 100% stock dividend subject to the Company's
stockholders voting in favor of a proposal to increase the authorized
common stock of the Company by 25 million shares to 50 million shares.
If the share increase is approved, holders of record on the close of
business on May 2, 2006 would be entitled to receive on or about May
9, 2006 one additional share for each share held on May 2, 2006.
Stockholders will be asked to vote on the proposed amendment to
the Company's Certificate of Incorporation to increase authorized
common stock at a Special Meeting of stockholders scheduled to be held
on April 20, 2006 at the corporate offices of Ansoft. At the Special
Meeting, stockholders also will be asked to approve a new Stock
Incentive Plan that replaces the 1995 Stock Option Plan which expired
in 2005. Copies of the 2006 Stock Incentive Plan along with a
description of its features will be contained in the proxy being sent
to stockholders. Further information regarding the Special Meeting and
the record date for stockholders entitled to vote at the Special
Meeting will be contained in the proxy that will be distributed at
least 20 days prior to the Special Meeting.
Nicholas Csendes, Ansoft's president and CEO, said "This April
will be the tenth year since Ansoft went public at $8.50 a share. It
is with great satisfaction that we at Ansoft will mark this tenth
anniversary by implementing a 2-for-1 stock split. I would like to
thank the employees and shareholders of Ansoft for their effort and
support that contributed greatly to our success."
Ansoft is a leading developer of high-performance electronic
design automation (EDA) software. Engineers use Ansoft software to
design state-of-the-art electronic products, such as cellular phones,
internet access devices, broadband networking components and systems,
integrated circuits (ICs), printed circuit boards (PCBs), automotive
electronic systems and power electronics. Ansoft markets its products
worldwide through its own direct sales force and has comprehensive
customer-support and training offices throughout North America, Asia
and Europe.
This press release contains forward-looking statements that are
made pursuant to the safe harbor provisions of the Private Securities
Litigation Act of 1995. These forward-looking statements involve risks
and uncertainties about the Company's business that are detailed from
time to time in the Company's SEC reports, including the reports on
Form 10-K for the year ended April 30, 2005.
For further information regarding risks and uncertainties
associated with Ansoft's business, please refer to the "Management's
Discussion and Analysis of Financial Condition and Results of
Operations" section of Ansoft's SEC filings, including, but not
limited to, its annual report on Form 10-K and quarterly reports on
Form 10-Q, copies of which may be obtained at Ansoft's website at
www.ansoft.com/about/investor/index.cfm.
All information in this release is as of March 7, 2006. Ansoft
undertakes no duty to update any forward-looking statement to conform
the statement to actual results or changes in the Company's
expectations.