The proxy is out, and contains the following weird vote:
AMENDMENT TO THE COHU AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO INCREASE AUTHORIZED COMMON SHARES
The Board of Directors is requesting stockholder approval of an amendment to Cohu's Amended and Restated Certificate of Incorporation to increase the number of shares of Common Stock authorized for issuance from 40,000,000 to 60,000,000.
The Board of Directors consider it advisable to have the additional shares available for possible future stock dividends or stock splits, acquisitions, issuance under Cohu's stock option and purchase plans and for other corporate purposes, although Cohu has no present commitments which would result in the issuance of new shares of Common Stock, except through Cohu's stock option and employee stock purchase plans.
I say this is weird because I've never seen such a small increase (50%). Anyway, it certainly bodes well for a split or, less well, for an acquisition.
Steve |
