LONG ISLAND CITY, N.Y.--(BUSINESS WIRE)--Aug. 20, 2013--
Steve Madden (NASDAQ:SHOO), a leading designer and marketer of fashion
footwear and accessories for women, men and children, today announced
that its Board of Directors has declared a three-for-two stock split, in
the form of a stock dividend, of the Company's outstanding shares of
common stock.
The stock split will entitle all stockholders of record at the close of
business on September 20, 2013 to receive one additional share of Steve
Madden common stock for every two shares of common stock held on that
date. The additional shares are expected to be distributed to
stockholders on or about September 30, 2013 by the Company's transfer
agent. As a result of the stock split, the number of outstanding shares
of the Company's common stock will increase to approximately 68.8
million shares from approximately 45.9 million shares outstanding prior
to the split.
Answers to frequently asked questions regarding the stock split will be
available on the Company's web site in the Investor Relations section.
About Steve Madden
Steve Madden designs, sources and markets fashion-forward footwear and
accessories for women, men and children. In addition to marketing
products under its owned brands including Steve Madden, Steven by Steve
Madden, Madden Girl, Freebird by Steven, Stevies, Betsey Johnson,
Betseyville, Report Signature, Report, Big Buddha, Wild Pair, Cejon and
Mad Love, the Company is the licensee of various brands, including
Olsenboye for footwear, handbags and belts and Elizabeth and James,
Superga, l.e.i. and GLO for footwear. The Company also designs and
sources products under private label brand names for various retailers.
The Company's wholesale distribution includes department stores,
specialty stores, luxury retailers, national chains and mass merchants.
The Company also operates 117 retail stores (including the Company's
three online stores). The Company licenses certain of its brands to
third parties for the marketing and sale of certain products, including
for ready-to-wear, outerwear, intimate apparel, eyewear, hosiery,
jewelry, fragrance, luggage and bedding and bath products.
Safe Harbor
This press release and oral statements made from time to time by
representatives of the Company contain certain “forward looking
statements” as that term is defined in the federal securities laws. The
events described in forward looking statements may not occur. Generally
these statements relate to business plans or strategies, projected or
anticipated benefits or other consequences of the Company's plans or
strategies, projected or anticipated benefits from acquisitions to be
made by the Company, or projections involving anticipated revenues,
earnings or other aspects of the Company's operating results. The words
"may," "will," "expect," "believe," "anticipate," "project," "plan,"
"intend," "estimate," and "continue," and their opposites and similar
expressions are intended to identify forward looking statements. The
Company cautions you that these statements concern current expectations
about the Company’s future results and condition and are not guarantees
of future performance or events and are subject to a number of
uncertainties, risks and other influences, many of which are beyond the
Company's control, that may influence the accuracy of the statements and
the projections upon which the statements are based. Factors which may
affect the Company's results include, but are not limited to, the risks
and uncertainties discussed in the Company's Annual Report on Form 10-K,
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed
with the Securities and Exchange Commission. Any one or more of these
uncertainties, risks and other influences could materially affect the
Company's results of operations and financial condition and whether
forward looking statements made by the Company ultimately prove to be
accurate and, as such, the Company's actual results, performance and
achievements could differ materially from those expressed or implied in
these forward looking statements. The Company undertakes no obligation
to publicly update or revise any forward looking statements, whether as
a result of new information, future events or otherwise.
Source: Steve Madden
ICR, Inc.
Investor Relations
Jean Fontana/Megan Crudele
203-682-8200
www.icrinc.com