Air Methods (AIRM) Board Approves Three-for-One Split

September 28, 2012 2:04 PM EDT
Air Methods Corporation (Nasdaq: AIRM) approved a three-for-one stock split of the Company's common stock.

Implementation of the stock split is subject to approval by the Company's shareholders of an increase in the number of authorized shares from 28.5 million to 85.5 million. These matters will be voted on at a special shareholder meeting anticipated to be held on or around November 19, 2012. Each shareholder of record on the close of business on the record date will receive two additional shares of common stock for each share held on such date.

This will be the first stock split in the Company's history. Additional details of the special meeting and the proposed split will be included in a proxy statement, which will be distributed in connection with the special meeting.

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