RLI Corp. filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation on November 20, 2024. This filing formalizes the previously announced two-for-one forward stock split of its common stock.
The stock split is set to become effective at 5:00 p.m., Eastern Time, on January 15, 2025. This action will adjust the number of outstanding shares and per-share metrics accordingly.
Concurrently, the Certificate of Amendment also proportionately increases the number of authorized Common Stock shares from 200,000,000 to 400,000,000. This adjustment ensures sufficient shares are available post-split for future corporate needs.
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