Saia Declares Three-for-Two Stock Split
JOHNS CREEK, GA -- (Marketwired) -- 05/16/13 -- Saia, Inc. (NASDAQ:
SAIA) today announced that its Board of Directors has approved a
three-for-two stock split, which will be effected June 13, 2013, for
shareholders of record as of the close of business on the record date
of May 31, 2013.
Shareholders will be issued a certificate representing one additional
share of common stock for every two shares of common stock held on
the record date by the Company's transfer agent, Computershare Trust
Company, NA. In lieu of fractional shares, shareholders will receive
a cash payment based on the closing price of the common stock on the
record date. Upon completion of the split, the Company will have
approximately 24,948,000 shares outstanding.
Richard D. O'Dell, Saia President and Chief Executive Officer,
commented, "We are pleased to announce a three-for-two stock split
which we believe will improve market liquidity and trading volume of
our common stock while broadening our investor base."
Saia, Inc. (NASDAQ: SAIA) offers customers a wide range of
less-than-truckload, non-asset truckload, expedited and logistics
services. Saia LTL Freight operates 147 terminals in 34 states. Saia
is headquartered in Georgia and employs 8,200 people. For more
information on Saia, Inc., visit the Investor Relations section at
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