NEW YORK-Glenayre Technologies Inc. has declared a three-for-two split of the company’s common stock to be effected in the form of a 50 percent stock dividend that will be distributed Jan. 5 to stockholders of record on Dec. 22.
The company said it will have about 25 million shares of common stock outstanding after the split.
Glenayre also announced Jack Hurley has been appointed vice chairman of its board of directors and Ray Ardizzone as the company’s president and acting chief executive officer.
