CorVel Announces Three-For-One Forward Stock Split and Authorized Share Increase

Core Points - CorVel Corporation's Board of Directors has approved a three-for-one forward stock split of its common stock, along with a proportionate increase in the number of authorized shares of common stock [1][3] - The stock split is intended to enhance the accessibility of the stock to potential investors, reflecting the company's strong financial performance and strategic execution [3] - The implementation of the stock split is contingent upon filing an amendment to the Company's Fourth Amended and Restated Certificate of Incorporation, expected to be filed on December 24, 2024 [2][4] Company Actions - Every share of common stock outstanding or held in treasury on December 23, 2024, will be split into three shares [4] - Trading on a post-stock split adjusted basis is anticipated to begin on December 26, 2024, subject to final approval by the Nasdaq Global Select Market [4]