WARRENDALE, Pa., March 29 /PRNewswire/ -- American Eagle Outfitters, Inc.
(Nasdaq: AEOS) today announced that its Board of Directors has approved a two-
for-one stock split of American Eagle Outfitters common stock. The additional
shares will be distributed on May 3, 1999, to stockholders of record on April
23, 1999.
American Eagle also announced that Roger S. Markfield, the Company's
President and Chief Merchandising Officer, was appointed to the Board of
Directors on March 17, 1999.
Jay L. Schottenstein, Chairman of the Company, stated: "I am pleased to
announce Roger Markfield's appointment to the Board of Directors. Roger has
been an integral part of American Eagle's growth and success. He will make an
excellent addition to our board."
The Company also announced the completion of its pending reorganization
with Natco Industries, Inc., effective March 29, 1999. The reorganization has
implemented a holding company structure for American Eagle without any other
significant changes in the Company's business and operations.
American Eagle Outfitters, Inc. is a specialty retailer of all-American,
casual apparel, accessories and footwear for men and women between the ages of
16 and 34. The Company designs, markets and sells its own brand of versatile,
relaxed and timeless classics like AE dungarees, khakis, and T-shirts,
providing high quality merchandise at affordable prices. The Company
currently operates 391 stores in 41 states.
SOURCE American Eagle Outfitters, Inc.
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Related links:
http://www.ae-outfitters.com
Company News On-Call:
http://www.prnewswire.com/comp/104763.html or fax,
800-758-5804, ext. 104763
CONTACT:
George Kolber or Laura Weil of American Eagle
Outfitters, 724-776-4857
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