09:51 AM EDT, 07/12/2024 (MT Newswires) -- Deckers Outdoor ( DECK ) said Friday that its board approved a 6-for-1 forward stock split, along with an increase in authorized shares of common and preferred stock.

The company said the move is pending stockholder approval and an amendment to Deckers' certificate of incorporation, to be voted on at its annual meeting on Sept. 9.

If approved, trading is expected to start on a split-adjusted basis on the New York Stock Exchange when markets open on Sept. 17, with additional shares distributed on Sept. 16, Deckers said.

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