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Quotes & Info
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| OPTI > SEC Filings for OPTI > Form 8-K on 6-Jun-2012 | All Recent SEC Filings |
6-Jun-2012
Other Events
On June 4, 2012, OPTi, Inc. (the "Company") declared a cash distribution of $1.10 per share on the Company's stock pursuant to the Plan of Liquidation (the "Plan") approved by the shareholders as disclosed on the Company's Form 8-K filed June 1, 2012. The Company's Board of Directors has declared that the distribution under the Plan is to be payable on July 3, 2012, to the shareholders of record as of the close of business on June 26, 2012.
The ex-dividend date will be determined by the Financial Industry Regulatory Authority ("FINRA"). If the amount of the dividend is 25% or more than the value of the Company's common stock on the date FINRA makes its determination, the ex-dividend date will be the first business day following the payment date. If the amount of the dividend is less than 25% of the value of the Company's common stock on the date FINRA makes its determination, the ex-dividend date will be the second business day before the record date.
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