Printer Friendly
The Free Library
19,604,530 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Ansoft Corporation Board of Directors Approve 2-for-1 Stock Split.


PITTSBURGH -- Ansoft Corporation ("Ansoft") (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:ANST ANST Association of Neuropsychology Students in Training
ANST After Negative Skin Test
), 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 certificate of incorporation n. some states issue a certificate to prove a corporation's existence upon the filing of Articles of Incorporation. In most states the Articles are sufficient proof.  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 (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , 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 (1) (Electronic Design Automation) Using the computer to design, lay out, verify and simulate the performance of electronic circuits on a chip or printed circuit board. ) 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 Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 provisions of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called 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 Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 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 Management's discussion and analysis (MD&A)

A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial
 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.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Mar 7, 2006
Words:516
Previous Article:Oliso(TM) Iron with ''Lifters'' Wins Prestigious Design Award; Patented Auto-Lift System(TM) Will Premier At Chicago 2006 Home & Housewares Show.
Next Article:Bear Stearns to Hold Conference Call on March 16 to Announce First Quarter 2006 Results.
Topics:



Related Articles
Ansoft Corporation Amends Stock Repurchase Program -- Additional 1,000,000 Shares Authorized For Repurchase.
Ansoft Corporation Amends Stock Repurchase Program--Additional 1,000,000 Shares Authorized For Repurchase.
Ansoft Corporation Announces That Stockholders Approve Proposals and the Timing of Its 2-for-1 Stock Split.
Ansoft board approves 2-for-1 stock split.
Ansoft to Ring The NASDAQ Stock Market Closing Bell.
Ansoft Q4 income up 75% YOY.
Ansoft Corporation Earnings Nearly Double; Revenue Increases 17%.
Ansoft Corporation Pre-Tax Income Increases 30%.
Ansoft Corporation Third Quarter Earnings Increase 48%.
IDEX Corporation Increases Quarterly Cash Dividend 20 Percent; Announces 3-for-2 Stock Split.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles