3-for-2 Split of Interlink Electronics Common Stock Approved
The board of directors for Interlink Electronics in Camarillo has approved a three-for-two split of its common stock.
The split, which will be in the form of a stock dividend, will entitle each stockholder of record on March 20 to certificates reflecting the additional shares. These certificates will be distributed April 7.
The split will increase the number of shares of outstanding common stock from approximately 5.7 million to 8.6 million.
The board authorized the stock split based on the company’s strong financial performance and future growth opportunities, said E. Michael Thoben, the company’s chairman and chief executive.
“We believe the split will benefit Interlink Electronics stockholders by providing broader distribution and improved liquidity of its common stock,” Thoben said.
Interlink develops interactive remote controls for business communications and home entertainment markets, e-commerce electronics and computer-pointing devices. It is an original equipment manufacturer for Sony, Microsoft, NEC, Sharp, Toshiba, InFocus Systems and Mitsubishi.
