Your Source for Up-To-Date News and Research on the Collision Repair Industry 

 

click here to subscribe to the FREE INSIGHT Editor's Desk News Alert Email

SUBSCRIBERS-ONLY
Today's News
INSIGHT This Month
INSIGHT Archives
Survey Center
Letter to the Editor

Business Tools
Subscription Information
CSI Reporting
Financial Analysis
IRS Audit Guide

Management/
Technical Info
Market Watch Rates
INSIGHT Inside this month's issue...

Feedback
Letter to the Editor

Copart Announces 3-for-2 Forward Stock Split

BENICIA, Calif. -- The Board of Directors of Copart, Inc. has declared a 3-for-2 forward split of the Company's common stock.

Copart shareholders will receive one new additional share for every two shares of Copart common stock held on the record date. The Company will pay in cash the fair market value of any fractional shares created by reason of the stock split.

The distribution date for the stock split will be January 21, 2002, to shareholders of record as of the close of the market on January 4, 2002.

"The Board's action is designed to improve trading liquidity and broaden ownership," said Willis J. Johnson, Copart's Chief Executive Officer.

Copart, founded in 1982, provides vehicle suppliers, primarily insurance companies, with a full range of services to process and sell salvage vehicles through auctions, principally to licensed vehicle dismantlers, rebuilders, repair licensees and used vehicle dealers. The company operates 88 facilities in 39 states.

©2000 Collision Repair Industry INSIGHT
All Rights Reserved

FEATURED
LINKS:

INSIGHT Supports the NABC!
Do You?