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News Breaks | | | | December 7, 2012 | | 17:35 EDT |  | CKH | Seacor Holdings declares special dividend of $5.00 per share
Seacor Holdings announced that its board declared a special dividend of $5.00 per common share. The special dividend is payable to shareholders of record on December 17, and is expected to be paid on or about December 26. The company expects that its common stock will trade ex-dividend beginning on December 12. In connection with the special dividend, the board, based on the recommendation of its compensation committee, determined that the vesting of any shares of restricted stock issued to employees under the company's stock plans originally scheduled to vest during 2013 or 2014 will be accelerated to December 14. The acceleration of vesting of the restricted stock will result in an additional charge to the company of $12.2M in 4Q12. In addition, the board determined that all shares of restricted stock scheduled to vest in 2015 and later will participate in the special dividend in accordance with applicable company plans. | |
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