Quality Systems, Inc. QSII announced that on July 27, 2011, its Board of Directors approved a two-for-one split of the Company's common stock and a proportional increase in the number of Company common shares authorized from 50 million to 100 million.
Each shareholder of record at the close of business on October 6, 2011 will receive one additional share for every outstanding share held on the record date. The additional shares will be distributed October 26, 2011 and trading will begin on a split-adjusted basis on October 27, 2011.
Furthermore, the Company announced that Patrick B. Cline, president and a board member of Quality Systems, plans to retire later this calendar year.
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