What is the timeline for the distribution of Harris Stratex Network shares by Harris Corporation?
Wednesday, May 13 - Record date, for Harris stockholders entitled to receive the dividend of Harris Stratex shares. The Harris Stratex shares to be distributed by Harris Corp. will begin trading on a “when issued” basis on NASDAQ under the ticker symbol “HSTXV.” Class A Harris Stratex Networks shares will continue to trade under the ticker symbol HSTX.
Wednesday, May 27 - At the close of market, all of Harris Stratex Networks shares held by Harris Corp will be spun off to Harris Corp. shareholders as a dividend.
Monday, June 1 - “When issued” trades will settle on June 1, which is 3 trading days after the distribution date. HSTXV ticker symbol falls out of use, and all further trading of Harris Stratex common stock will be done using the HSTX ticker symbol. No further listing application is needed for the additional shares, because they were all listed in the Harris Stratex initial NASDAQ listing application in late 2006.
Who is the Harris Stratex Networks stock Transfer Agent and how will the Class B certificates be handled?
Before the distribution date of May 27, the 39,913,377 shares of Class B Common Stock held by Harris Corporation will be converted into an equal number of uncertificated shares of Class A Common Stock. BNY Mellon will send account statements to the transferees a few days after the distribution date.
How can I contact the Transfer Agent?
Mellon Investor Services
525 Market Street, Suite 3500
San Francisco, CA 94105
1-800-356-2017 (U.S. callers)
1-201-680-6578 (Outside the U.S.)
Whom can I contact if I need further information as a Harris Stratex shareholder?
For inquiries involving stock transfers, address changes and account record keeping, please contact BNY Mellon Shareowner Services at the phone number and address above.
What is the distribution ratio determining how many shares of Harris Stratex Networks will be transferred to Harris Corp. shareholders?
Based on Harris’ 133,622,634 outstanding shares, each Harris stockholder will receive 0.24 (estimated) shares of Harris Stratex Class A Common Stock for each share of Harris common stock owned.
If I am the beneficial owner of Harris stock, what actions should I take?
No action is required on your part. You will receive shares of Harris Stratex Networks according to the distribution ratio described above.
Will the shares of HSTXV trade at the same price as HSTX during the “when issued” period?
There is no expected difference is price.
What will be the float for Harris Stratex shares after the distribution date?
The exact float is not yet determinable because any partial shares in the dividend distribution will be paid out in cash by Harris Corp. Before the distribution, the total number of common shares is 58,987,897.
What stock exchange is Harris Stratex Networks traded on? What is the stock symbol?
Shares of Harris Stratex Networks, Inc. are traded on the NASDAQ Global Market under the ticker symbol HSTX.
How do I purchase additional shares of stock in Harris Stratex Networks?
Stock of Harris Stratex Networks, Inc. may be purchased from most brokerage firms. At this time, the Company does not offer a direct purchase program.
How can I get the current stock price?
An up-to-the-minute stock quote is available from your broker. A 20-minute delayed stock quote is available on the Harris Stratex website in the Investor section.
Does Harris Stratex Networks typically issue cash or stock dividends?
Harris Stratex Networks has not declared or paid dividends on its capital stock since the company’s inception. Harris Stratex Networks currently anticipates that it will retain future earnings, if any, for use in the operation and expansion of its business.
When is the annual stockholder meeting?
Our first regular annual stockholder meeting was held in San Jose, California in November 2007. We expect the 2009 and future annual meetings to be held in the November time frame.
When does the Harris Stratex Networks fiscal year end?
Our fiscal year ends in June.
How can I get a copy of the Company's financial statements, such as an Annual Report, 10-K or 10-Q?
Electronic copies of our financial reports can be found on the Harris Stratex Website under SEC Filings. You can also request a copy of the Annual Report to be mailed to you through our Info request form on the Investor section of the Harris Stratex Web site.
Does Harris Stratex Networks issue quarterly reports?
Harris Stratex Networks files quarterly reports (10-Qs) with the SEC, which can be accessed online. We also publish financial results releases (see the Investor information home page for the most recent financial releases) and quarterly financial statements on the Harris Stratex Website. To automatically receive a copy of future announcements subscribe to our email alerts feature.
When is the next earnings release?
Financial results reporting dates are typically announced at least two weeks prior to the actual date. You can be notified upon issuance of earnings releases by subscribing to our email alerts feature located in the Investor section of the Harris Stratex Web site.