Copart Announces 2-for-1 Stock Split.BENICIA Be·ni·cia A city of western California on an inlet of San Francisco Bay north-northeast of Oakland. It was the state capital from 1853 to 1854. Population: 27,100. , Calif.--(BUSINESS WIRE)--Jan. 4, 1999--The Board of Directors of Copart Inc. (Nasdaq:CPRT CPRT Copart Inc. (stock symbol) CPRT Citizens for Personal Rapid Transit CPRT Client Perceived Response Time CPRT Coprocessor Register Transfer CPRT Cancer Prevention Research Trust CPRT Classic Professional Racquetball Tour ) has declared a 2-for-1 split of the company's common stock. Copart shareholders will receive one additional share for every share of Copart stock held. The distribution date for the stock split is Jan. 28, 1999, to shareholders of record on Jan. 14, 1999. "The Board's action is designed to improve trading liquidity and broaden ownership," said Willis Wil·lis , Thomas 1621-1675. English anatomist and physician known for his studies of the nervous system and the brain. He discovered the circle of Willis at the base of the brain. J. Johnson, Copart's chief executive officer. About Copart: Copart, founded in 1982, provides vehicle suppliers -- primarily insurance companies -- with a full menu of services to process and sell salvage salvage, in maritime law, the compensation that the owner must pay for having his vessel or cargo saved from peril, such as shipwreck, fire, or capture by an enemy. Salvage is awarded only when the party making the rescue was under no legal obligation to do so. vehicles through auctions, principally to licensed dismantlers, rebuilders and used vehicle dealers. Salvage vehicles are either damaged vehicles deemed a total loss for insurance or business purposes, or recovered stolen vehicles for which an insurance settlement with the vehicle's owner has been made. Operating in 60 facilities in 31 states, Copart also provides services to other locations through its national network of independent salvage vehicle suppliers. NOTE: Certain statements in this release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors and/or factors affecting future results detailed in the Company's Securities and Exchange Commission reports, including variations in the Company's operating results, the inability to continue to increase service fees, the timing and size of acquisitions and facility openings, the loss of vehicle suppliers or buyers, the announcement of new vehicle supply agreements by the Company or its competitors, changes in regulations governing gov·ern v. gov·erned, gov·ern·ing, gov·erns v.tr. 1. To make and administer the public policy and affairs of; exercise sovereign authority in. 2. the Company's operations or its vehicle suppliers, environmental problems or 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. . |
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