Stockholders of Air Methods Corporation Approve Three-For-One Stock Split and Amended Equity Plan
December 03 2012 - 5:25PM
The stockholders of Air Methods Corporation (Nasdaq:AIRM), the
global leader in air medical transportation, today approved a
three-for-one stock split, an increase from 23.5 million to 70.5
million in the number of authorized shares of the Company's Common
Stock and an increase from 5 million to 15 million in the number of
authorized shares of the Company's Preferred Stock. The Company's
stockholders also approved a Second Amended and Restated 2006
Equity Compensation Plan, which increases the number of authorized
shares available under the Amended and Restated 2006 Equity
Compensation Plan (2006 Plan) from 1,000,000 to 1,800,000 (on a
pre-split basis) and makes certain other conforming and technical
tax changes to the 2006 Plan.
The record date for the stock split will be December 14, 2012,
with new shares expected to be distributed on or about December 28,
2012. Each stockholder of record on the close of business on
the record date will receive two additional shares of common stock
for each share held.
Answers to frequently asked questions about the stock split can
be found on the Investors section of the Company's website,
http://www.airmethods.com/airmethods/investors.
Air Methods Corporation (www.airmethods.com) is the global
leader in air medical transportation. The Air Medical Services
Division is the largest provider of air medical transport services
for hospitals and one of the largest community-based providers of
air medical services. United Rotorcraft Division specializes in the
design and manufacture of aeromedical and aerospace technology. Air
Methods' fleet of owned, leased or maintained aircraft features
over 400 helicopters and fixed wing aircraft.
The Air Methods Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6955
Forward Looking Statements: Forward-looking
statements in this news release are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Statements in this press release that are
"forward-looking statements", including statements regarding the
anticipated distribution date, are based on current expectations
and assumptions that are subject to risks and
uncertainties. Actual results could differ materially from
those currently anticipated due to a number of factors, including
but not limited to; changes to general, domestic and foreign
economic conditions; the size, structure and growth of the
Company's air medical services and United Rotorcraft Division; the
collection rates for patient transports; the continuation and/or
renewal of air medical service contracts; the anticipated impact
from the Company's internal reorganization; extreme weather
conditions across the U.S.; development and changes in laws and
regulations, including, without limitation, the impact of the
Patient Protection and Affordable Care Act; increased regulation of
the health care and aviation industry through legislative action
and revised rules and standards; and other matters set forth in the
Company's filings with the SEC. The Company is under no obligation
(and expressly disclaims any obligation) to update or alter its
forward-looking statements, whether as a result of new information,
future events or otherwise.
Please contact Christine Clarke at (303) 792-7579 to be included
on the Company's fax and/or mailing list.
CONTACT: Trent J. Carman, Chief Financial Officer
(303) 792-7591
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