Core-Mark's Board of Directors declared a two-for-one stock split, effective June 26, 2014, for shareholders of record on June 9, 2014.
These are available on our website on the investor relations section of our website or you can contact the Investor Relations Department if you want a hard copy sent to you directly.
Deloitte and Touche LLP
Weil, Gotshal & Manges LLP
Please contact the Director of Investor Relations, Milton Gray Draper at email@example.com or at 650-589-9445 X3027.
We do. Please look at our dividend schedule and dividend press releases.
Yes. Instructions for participation can be obtained from our transfer agent.
We do not at this time.
South San Francisco, CA.
Core-Mark was first listed on NASDAQ on December 2, 2005.
Our fiscal year ends December 31st.
We have approximately 6000 employees.
We operate a network of 32 distribution centers serving 50 states and 5 Canadian provinces. We operate two of those distribution centers as a third party logistics provider.
The list of our executive group and our board of directors can be found in the corporate governance portion of this site.
In a two-for-one stock split, each shareholder receives one additional share for each share that he or she holds as of a certain date, known as the "record date." As a result, the number of issued shares is multiplied by two, and on the date following the distribution date (the "ex-split date") each share is worth half of what it was worth immediately prior to the split.
"Stock dividend" is simply the technical term for stock split. They are one in the same. The result of a stock split is the delivery of incremental shares or a "dividend of shares" to the rightful party.
The record date is June 9, 2016. If you are a shareholder as of the market close on the record date, you are entitled to receive the additional shares.
The distribution date for the additional shares is June 27, 2016. If shares are registered in your name as of the market close on the record date (June 9, 2016), and you retain the shares until the distribution date (June 27, 2016), you will receive the additional shares on the distribution date.
The ex-split date is June 28, 2016. When the market opens on June 28, 2016, one trading day after the distribution date, shares of Core-Mark will begin trading on NASDAQ at the new split-adjusted price
If you sell your shares before the record date, you are not entitled to receive the additional split shares.
No. From the record date of June 9, 2016 to the distribution date of June 27, 2016, shares of Core-Mark common stock continue to trade at the pre-split price under the company's ticker symbol "CORE". In this situation, sellers receive full value of the shares they sell; they are not entitled to the split shares.
If you buy shares of Core-Mark stock at the pre-split price between the June 9, 2016 record date and the June 27, 2016 distribution date, you are entitled to receive the split shares. The shares you purchase will have a "due bill" attached, entitling you to the split shares.
There are no tax consequences to U.S. residents as a result of Core-Mark's stock split. The tax basis of each share owned after the stock split is half of what it was before the split. For example, if you owned 100 shares before the split with a tax basis of $20 per share, after the split you would own 200 shares of stock with a tax basis of $10 per share. Foreign residents should consult their local tax advisors.
All record-keeping for Core-Mark stock splits is done electronically. If you hold your Core-Mark shares in a brokerage account immediately prior to a split, the additional shares will be deposited into that account. If you have a share certificate or hold your shares directly with Core-Mark's stock transfer agent, Wells Fargo Shareowner Services, written notice indicating the number of your split-adjusted shares will be mailed to you. New physical share certificates are no longer issued. If you still have original, physical share certificates for Core-Mark stock, you should contact Core-Mark's stock transfer agent, Wells Fargo Shareowner Services, for information on how to transfer your share certificates to an electronic record.
If your Core-Mark shares are held in a brokerage account, they split automatically on the distribution date. You do not need to do anything.
When stock splits on a two-for-one basis, the number of shares outstanding doubles. Earnings per share are half what they otherwise would have been because the net earnings are divided into twice as many shares.
The recently-announced quarterly cash dividend has a record date of May 25, 2016, meaning it will be paid to those who hold shares as of May 25, 2016, and a payment date of June 15, 2016. The stock split has a record date of June 9 and a distribution date of June 27, and, as such, it does not in any way impact the payment of the recently-announced quarterly cash dividend.
If you have stock certificates or hold shares directly with Wells Fargo Shareowner Services, any shareholder mailings from Core-Mark will be sent to the address for you that Wells Fargo Shareowner Services has on file. To verify your address you can call Wells Fargo Shareowner Services directly at (800)-468-9716. It is your responsibility to ensure that your address is current with Wells Fargo Shareowner Services at all times. If Wells Fargo Shareowner Services is unable to contact you with shareholder notices because your current address is not on file with them, you run the risk of having your shares escheated to the state of your last known residence and losing all rights to your shares in accordance with state law. Some state laws provide that to avoid escheatment of your shares you must periodically acknowledge communications from Wells Fargo Shareowner Services, so you should always review Wells Fargo Shareowner Services communications carefully.
If you hold your Core-Mark shares in a brokerage account, all mailings from Core-Mark will be sent to the address for you that your brokerage has on file.
If you are the registered holder of Core-Mark shares and you have any questions about...
change of address
lost stock certificates
transfer of stock to another person
additional administrative services
...you can reach Equiniti Shareholder Services (Core-Mark's Stock Transfer Agent) as follows:
Address: Equiniti Shareholder Services
1110 Centre Pointe Curve
Mendota Heights, MN 55120
If you own shares through a brokerage firm, please contact the firm directly for any matters relating to your shares
Equiniti Shareholder Services is our transfer agent and they can be reached at 1-800-468-9716.
You should contact our transfer agent.
We do not.