|The Corporate Executive Board Declares 2-for-1 Stock Split|
WASHINGTON--(BUSINESS WIRE)--Aug. 10, 2000--The Corporate Executive Board Company (CEB) (Nasdaq/NM:EXBD) today announced that its Board of Directors has approved a two-for-one split of the Company's common stock. The stock split is to be effected in the form of a stock dividend.
By way of the stock split, each stockholder will receive one additional share of CEB common stock, payable on September 15, 2000, for each share they own on the record date of September 1, 2000. The receipt of additional shares as a result of the stock split will not be taxable to the Company or to its stockholders under U.S. law. This is the CEB's first stock split since becoming a public company in February 1999. As of August 4, 2000, the Company had 15,460,520 shares of common stock outstanding.
The Corporate Executive Board Company is a leading provider of best practices research and analysis focusing on corporate strategy, operations and general management issues. CEB provides its integrated set of services currently to more than 1,500 of the world's largest and most prestigious corporations, including over 70% of the Fortune 500. These services are provided primarily on an annual subscription basis and include best practices research studies, executive education seminars, customized research briefs and web-based access to a library of over 120,000 corporate best practices.
CONTACT: Corporate Executive Board Company
Clay Whitson, 202/777-5455 email@example.com www.executiveboard.com