Body Central enacts reverse stock split

Jacksonville, Fla. - Body Central Corp. is enacting a one-for-10 reverse stock split of its common stock. Each 10 shares of common stock will be converted into one share of common stock.



The number of outstanding common shares will be reduced from approximately 17.2 million to approximately 1.72 million. The number of authorized shares and the par value per share will remain unchanged.



The reverse stock split was among a number of changes Body Central enacted at a special meeting. Other changes include providing for the annual election of directors, eliminating the super-majority voting requirements; authorizing stockholder action by majority written consent; and authorizing 25% of the company's directors to call a special meeting of stockholders.