Publix Board of Directors Recommends 5-for-1 Stock Split
If increase in authorized shares approved by stockholders
LAKELAND, Fla., Nov. 10, 2005 - The Board of Directors of Publix Super Markets Inc. has voted to recommend stockholders approve an increase in the company's authorized shares to allow for a 5-for-1 split of its common stock. The stockholder vote will take place at Publix's annual meeting scheduled for April 18, 2006.
"The proposed stock split reflects the achievements of our associates in delivering premier customer service. It is that dedication to customer service that has made us successful for more than 75 years," said Publix CEO Charlie Jenkins Jr.
If Publix's stockholders approve an increase in the authorized shares, the effective date of the stock split will be July 1, 2006.
Publix's last stock split was in 1992, which was a 5-for-1 split. At that time Publix stock was valued at $53 per share.