Bank of the Ozarks, Inc. Seeks Shareholder Approval to Increase Authorized Shares for Two-for-One Stock Split.Business Editors LITTLE ROCK, Ark.--(BUSINESS WIRE)--Sept. 16, 2003 Bank of the Ozarks, Inc. (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 : OZRK) today announced that the Company's Board of Directors has approved a two-for-one split of the Company's common stock. The stock split is subject to approval by stockholders of an amendment to the Company's Articles of Incorporation The document that must be filed with an appropriate government agency, commonly the office of the Secretary of State, if the owners of a business want it to be given legal recognition as a corporation. to increase the number of authorized shares Authorized shares Number of shares authorized for issuance by a firm's corporate charter. . The Company will effect the stock split in the form of a stock dividend by issuing one additional share of common stock for each outstanding share of common stock. The Company expects the record date for the stock split to be November 26, 2003, with an effective date of December 10, 2003. The stock split will double the total number of its outstanding shares of common stock. In order to complete the stock split, the Company's stockholders will be asked to approve an amendment to its Articles of Incorporation to increase the authorized shares of common stock. The Company will seek approval of the amendment at a special meeting of its stockholders. The Company will file a preliminary proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. with the Securities and Exchange Commission in connection with the special meeting and intends to mail a definitive proxy statement and notice of special meeting to the Company's stockholders in early October. The special meeting is expected to be held on December 9, 2003, with the exact timing dependent on the completion and review of necessary filings with the Securities and Exchange Commission. Bank of the Ozarks, Inc. is a bank holding company with $1.2 billion in total assets as of June 30, 2003 and trades on the NASDAQ National Market under the symbol "OZRK." The Company owns a state-chartered subsidiary bank that conducts operations through 39 banking offices in 24 communities throughout northern, western and central Arkansas and loan production offices in Mountain Home, Arkansas Mountain Home is a city located in Baxter County, Arkansas, a wet county, and is the county seat.GR6 It was incorporated in 1888. The city sprang up around the Male and Female Academy which Professor J.S. Howard founded during the 1850s. , Charlotte, North Carolina “Charlotte” redirects here. For other uses, see Charlotte (disambiguation). Charlotte is the largest city in the state of North Carolina and the 20th largest city in the United States. , and Dallas and Frisco, Texas Frisco is a city in Collin County and Denton County, Texas (USA). It is a northern suburb of Dallas. As of the 2000 census, the city population was 33,714, while according to 2007 estimate, the city's population is approximately 95,000. . The Company may be contacted at (501) 978-2265 or P.O. Box 8811, Little Rock, AR 72231. The Company's website is www.bankozarks.com. |
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