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 (no hyphen, singular, "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
-
If you were ever an HP shareholder, you may now have shares
of HPQ, HPE, Keysight, and/or Agilent – in different
accounts. If ever an HPE shareholder, you may now
have shares of DXC – and may not have received cash payouts
for MFGP and PRSP.
Stock event timeline Find it all – and estimate your current cost basis:
HP/HPE-Related Stocks Due to the many complex
HP-related stock events, only you – not the company, plan
administrators, transfer agents, brokers, or the IRS – can
reconstruct your full stock history.
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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