Intuitive Surgical board approves a three-for-one stock split
Intuitive announced that its board has approved a three-for-one split of the company's common stock to be effected through an Amendment to the company's certificate of incorporation. Implementation of the stock split is subject to stockholder approval of the amendment to the certificate of incorporation at the special meeting of stockholders, which is currently scheduled to take place on September 22. Additional details regarding the special meeting of stockholders and the proposed amendment to the certificate of incorporation will be included in a proxy statement scheduled to be distributed to stockholders on or about August 30. Subject to stockholder approval of the amendment to the certificate of incorporation, each Intuitive stockholder of record at the close of business on the record date of September 29, will receive two additional shares for every one share held on the record date, and trading will begin on a split-adjusted basis on October 6.