Investor FAQs
Investor FAQs
Stock Split FAQs
On December 7, 2023 CooperCompanies announced that its board of directors has approved a four-for-one split of Cooper’s common stock to make stock ownership more accessible to employees and investors. The stock split is expected to be effective after close of trading on February 16, 2024. Trading is expected to begin on a stock split-adjusted basis on February 20, 2024.
A 4-for-1 stock split means that a stockholder will have four (4) times as many shares as they had before the stock split, with each share valued at approximately one fourth (1/4th) of the pre-split market price.
For example, if a stockholder owns 100 shares and the market price was $100.00 per share, that stockholder’s total investment value is $10,000. After the 4-for-1 stock split, the stockholder will have 400 shares of stock but the market price will be approximately $25.00 per share. The stockholder’s total investment value will remain the same at $10,000 until the stock price moves up or down.
Cooper’s common stock is currently anticipated to begin trading at the post-split price on Nasdaq on February 20, 2024.
Cooper’s Board of Directors decided to split the stock in order to make the shares more affordable to a broader range of potential investors.
Under current law, in the case of stockholders that are U.S. persons (as defined for U.S. federal income tax purposes) and hold their shares of common stock as a capital asset, the stock split should not result in the recognition of gain or loss for U.S. federal income tax purposes. The tax basis of each Cooper share owned after the stock split generally will equal one fourth (1/4th) of the tax basis in the applicable pre-split Cooper share. Stockholders should consult with their personal tax advisor regarding their specific tax circumstances. Holders of Cooper stock should consult their tax advisor regarding any relevant U.S. federal non-income tax, state or local tax and non-U.S. tax considerations.
At the time of the split, the number of shares outstanding will be multiplied by four (4) and earnings per share will be divided by four (4).
The stock split will not affect stockholders’ voting rights. Assuming holdings remain unchanged, each stockholder will be entitled to vote four (4) times as many shares, but that stockholder’s proportionate vote will remain the same relative to other Cooper stockholders.
No, the par value of Cooper common stock will remain at $0.10 per share.
You can reach Cooper’s transfer agent, Equiniti Trust Company, LLC, as follows:
Website: https://equiniti.com/us/ast-access/individuals/
Phone Number: (800) 937-5449 or (718) 921-8124
If you are a registered stockholder, your notification will be mailed to the address our transfer agent, Equiniti Trust Company, LLC, has on file. To verify the accuracy of your address, you can contact Equiniti Trust Company, LLC directly by calling (800) 937-5449 or (718) 921-8124 or logging into your account at https://equiniti.com/us/ast-access/individuals/. If you hold shares in a brokerage account in the broker’s name, the additional shares will be sent directly to your broker.
General FAQs
General FAQs
Website: https://equiniti.com/us/ast-access/individuals/
Phone Number: (800) 937-5449 or (718) 921-8124
If you own shares through a brokerage firm, you need to contact the brokerage firm directly to change your account address. If you're a registered shareholder and own shares through Equiniti Trust Company LLC, you may contact them by one of these methods to change your account address:
Website: https://equiniti.com/us/ast-access/individuals/
Phone Number: (800) 937-5449 or (718) 921-8124