In a filing today with the SEC among the list of purposes for Quiksilver’s next shareholders meeting (March 26, 2010) was item number three (directly following a proposal to increase the number of authorized shares of common stock by 100 million):
3. To consider and vote upon a proposal to approve the grant of 3,000,000 shares of our restricted common stock to Kelly Slater as part of his sponsorship agreement;
Getting Kelly Slater to buy-in on the future of the company is a pretty good idea, actually. Few things are more motivating than the idea that you could make $20 million (or more) in the next couple years if Quik’s stock ever climbs up out of the dumps. Nice thinking.
