Received a "Potential Private Retirement Benefit" letter from U.S. Social Security?
How to decode and who to contact:
https://www.hpalumni.org/PotentialBenefitLetter
If you have paper stock certificates. What to do:
Stock Certificates
1998 DEC sale to Compaq. Due to declining growth and
profits including losses starting in 1990 and a $2.8
billion loss in 1992 DEC stock was down to $45 from
$199 four years earlier.
Management and board negotiated the sale for a 26% premium.
Announced Jan 26, 1998; completed on Jun 12, 1998. For each share of DEC
owned on June 11, 1998, DEC shareholders received $30.00 in
cash and 0.945 share of Compaq stock. DEC stock was
retired.
Hewlett-Packard breakup. On Nov 1, 2015, the legal name of the Hewlett-Packard Company was changed to HP Inc.
("hp" logo, HPQ stock symbol) and a new, completely separate company Hewlett Packard
Enterprise ("HPE" logo and stock symbol) was spun off. Portions of HPE were later spun off into DXC and Micro Focus:
HP Breakup
Make sure that the overall legal successor to every company you
ever worked for has your current postal address.
Even if not classified by the company as a "Retiree" or
if long gone in case of pension plan changes, employment lawsuits,
settlements, or other issues. Update address at former
company
Which HP-related companies have me classified as a retiree or former employee?
Due to acquisitions and spinoffs, may not be obvious:
Which Company
Info and contacts for those from:
Compaq
Contacts at HP Inc. the successor company:
HP contacts
Reconnect, celebrate the good times, and appreciate those who have
passed. Leading DEC- and HP-related Facebook groups which you can
join without disclosing personal info:
https://www.hpalumni.org/facebook
The DEC Connection is an independent association of former
DEC employees. Has local chapters:
DEC
Connection
Dexodus is an independent association of former UK DEC
employees: Dexodus
DEC Pension: Go to
https://www.hpalumni.org/DEC-pension
DEC Retiree Health Program: Go to
https://www.hpalumni.org/DEC-health
Stock:
- Compaq acquisition of DEC: For each share of DEC
owned on June 11, 1998, DEC shareholders received $30.00 in
cash and 0.945 share of Compaq stock. DEC stock was
retired. Source:
SEC 8K filing
- How one broker handled stock history for:
DEC
Compaq
-
Depending on when and how you acquired stock and due to the sequence of spinoffs and acquisitions you may now have shares of HPInc (HPQ), HPE, DXC, Keysight (KEYS),
and/or Agilent (A) in different accounts and may not have received cash payouts for Micro Focus (MFGP) and Perspecta (PRSP).
Transactions were often tracked and reported differently or not at all. Only you not the company, plan
administrators, transfer agents, brokers, or the IRS can reconstruct your full employee stock history.
Find it all and verify or estimate your current cost basis:
HP/HPE-related stock
Worldwide employment verification for
Hewlett-Packard, Hewlett Packard Enterprise, and related
companies.
Employment and Experience Verification
For those in the workforce, select the links below that fit your
situation...
- Current HPInc or HPE employee:
Networking and Information.
- HPInc or HPE employee in the process of leaving or being laid off:
ASAP
checklist.
Update and strengthen your LinkedIn profile. Even if not currently looking, you need a strong, credible LinkedIn profile. Reconnect with people who know your work. Be found for your specialty and background by AI, recruiters, and managers. Your profile may look bogus most HP positions were changed to HPE; the LinkedIn company selector has trouble with "Hewlett-Packard" and "EDS." Member advice on settings, networking, emails.
hpalumni.org/LinkedIn
DEC history and culture
https://www.hpalumni.org/DEC-History.htm
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