Barrett Business announces board approval for four-for-one stock split

Barrett Business announced that its board of directors has approved a future four-for-one split of the company’s common stock in the form of a stock dividend. The planned stock split is subject to stockholder approval of an amendment to the company’s charter to increase the number of authorized shares of common stock from 20,500,000 to 82,000,000, which is proportionate to the anticipated future increase in the number of issued shares of common stock following the planned four-for-one stock split. The charter amendment will be submitted for stockholder approval at the upcoming annual meeting on June 3. Following stockholder approval, the company plans to announce the timing of the stock split and declare the stock dividend.