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SIRI » Topics » Effect on Registered Book-Entry Holders of Common Stock (i.e. stockholders that are registered on the transfer agents books and records but do not hold stock certificates)This excerpt taken from the SIRI DEF 14A filed Apr 30, 2009. Effect on
Registered “Book-Entry” Holders of Common Stock (i.e.
stockholders that are registered on the transfer agent’s
books and records but do not hold stock certificates)
Certain of our registered holders of common stock may hold some
or all of their shares electronically in book-entry form with
the transfer agent. These stockholders do not have stock
certificates evidencing their ownership of the common stock.
They are, however, provided with a statement reflecting the
number of shares registered in their accounts.
If a stockholder holds registered shares in book-entry form with
the transfer agent, no action needs to be taken to receive
post-reverse stock split shares or cash payment in lieu of any
fractional share interest, if applicable. If a stockholder is
entitled to post-reverse stock split shares, a transaction
statement will automatically be sent to the stockholder’s
address of record indicating the number of shares of common
stock held following the reverse stock split.
If a stockholder is entitled to a payment in lieu of any
fractional share interest, a check will be mailed to the
stockholder’s registered address as soon as practicable
after the Effective Time. By signing and cashing the check,
stockholders will warrant that they owned the shares of common
stock for which they received a cash payment. The cash payment
is subject to applicable federal and state income tax and state
abandoned property laws. In addition, stockholders will not be
entitled to receive interest for the period of time between the
Effective Time of the reverse stock split and the date payment
is received.
This excerpt taken from the SIRI DEF 14A filed Nov 4, 2008. Effect on
Registered “Book-Entry” Holders of Common Stock (i.e.
stockholders that are registered on the transfer agent’s
books and records but do not hold stock certificates)
Certain of our registered holders of common stock may hold some
or all of their shares electronically in book-entry form with
the transfer agent. These stockholders do not have stock
certificates evidencing their ownership of the common stock.
They are, however, provided with a statement reflecting the
number of shares registered in their accounts.
Table of Contents
If a stockholder holds registered shares in book-entry form with
the transfer agent, no action needs to be taken to receive
post-reverse stock split shares or cash payment in lieu of any
fractional share interest, if applicable. If a stockholder is
entitled to post-reverse stock split shares, a transaction
statement will automatically be sent to the stockholder’s
address of record indicating the number of shares of common
stock held following the reverse stock split.
If a stockholder is entitled to a payment in lieu of any
fractional share interest, a check will be mailed to the
stockholder’s registered address as soon as practicable
after the Effective Time. By signing and cashing the check,
stockholders will warrant that they owned the shares of common
stock for which they received a cash payment. The cash payment
is subject to applicable federal and state income tax and state
abandoned property laws. In addition, stockholders will not be
entitled to receive interest for the period of time between the
Effective Time of the reverse stock split and the date payment
is received.
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