HEICO Corporation declares 5-for-4 stock split

HEICO Corporation reported that its Board of Directors approved a 5-for-4 stock split on both its Class A Common Stock and Common Stock. This announcement marks HEICO’s 15th stock split or stock dividend since 1995. The stock split will be effected in the form of a 25% stock dividend on each class of the Company’s shares and is payable on April 18, 2017 to shareholders of record in the same class of shares held as of April 7, 2017. Cash will be paid in lieu of fractional shares based on the last sale price of each of the respective classes of shares on the record date (as adjusted for the stock split). Laurans A. Mendelson, HEICO’s Chairman and Chief Executive Officer, along with HEICO’s Co-Presidents, Eric A. Mendelson and Victor H. Mendelson, commented, “This stock split reflects our continuing confidence and enthusiasm in HEICO’s long-term growth and financial outlook. Additionally, this stock split, which is the 15th overall since 1995, underscores our commitment to being a shareholder value-focused organization that has implemented the same, successful strategy since 1990.”