This excerpt taken from the GMCR 8-K filed May 19, 2009.
Three-For-Two Stock Split
WATERBURY, VT (May 19, 2009) Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) today announced that its Board of Directors has approved a three-for-two stock split to be effected in the form of a stock dividend. The Company will distribute one additional share of its common stock to all shareholders of record at the close of business on May 29, 2009 for every two shares of common stock held on that date. The shares will be distributed on June 8, 2009 by the Companys transfer agent, Continental Stock Transfer so that the new shares issued will equal 1.5 times the pre-split number (rounded down as necessary) with fractional shares paid in cash. The Companys common stock will begin trading on a split-adjusted basis on June 9, 2009 at the June 8th closing price divided by 1.5.
This stock dividend allows us to share our success with our loyal stockholders to the extent of our authorized stock and underscores our confidence in the strength of our Company and its prospects for the future, said Larry Blanford, GMCRs President and Chief Executive Officer. We remain committed to building stockholder value by providing consumers with an extraordinary coffee experience while helping to make a positive difference in the world.