MOOG ANNOUNCES THREE-FOR-TWO STOCK SPLIT
03/09/2005 Moog Inc. (NYSE:
MOG.A and
MOG.B ) announced today that its Board of Directors has approved a three-for-two split of both its Class A and Class B common shares. The split will take the form of a 50% share distribution payable on April 1, 2005 to shareholders of record on March 18, 2005. As a result of the split, shareholders will receive one additional share of stock for every two shares they hold on the record date.
The share distribution is intended to make shares more accessible to both institutional and individual shareholders.
Moog currently has 25.7 million shares of common stock outstanding. The number will increase to approximately 38.6 million shares as a result of the stock split.
Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles and automated industrial machinery, and medical equipment.