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SIRI » Topics » Effect on Beneficial Holders of Common Stock (i.e., stockholders who hold in street name)This excerpt taken from the SIRI DEF 14A filed Apr 30, 2009. Effect on
Beneficial Holders of Common Stock (i.e., stockholders who hold
in “street name”)
Upon the reverse stock split, we intend to treat shares held by
stockholders in “street name,” through a bank, broker
or other nominee, in the same manner as registered stockholders
whose shares are registered in their names. Banks, brokers or
other nominees will be instructed to effect the reverse stock
split for their beneficial holders holding our common stock in
“street name”. However, these banks, brokers or other
nominees may have different procedures than registered
stockholders for processing the reverse stock split and making
payment for fractional shares. If a stockholder holds shares of
our common stock with a bank, broker or other nominee and has
any questions in this regard, stockholders are encouraged to
contact their bank, broker or other nominee.
This excerpt taken from the SIRI DEF 14A filed Nov 4, 2008. Effect on
Beneficial Holders of Common Stock (i.e. stockholders who hold
in “street name”)
Upon the reverse stock split, we intend to treat shares held by
stockholders in “street name,” through a bank, broker
or other nominee, in the same manner as registered stockholders
whose shares are registered in their names. Banks, brokers or
other nominees will be instructed to effect the reverse stock
split for their beneficial holders holding our common stock in
“street name”. However, these banks, brokers or other
nominees may have different procedures than registered
stockholders for processing the reverse stock split and making
payment for fractional shares. If a stockholder holds shares of
our common stock with a bank, broker or other nominee and has
any questions in this regard, stockholders are encouraged to
contact their bank, broker or other nominee.
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