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DXC stock issues    (Updated Apr 11, 2022.)


Time to untangle your stock! Depending on when and how you acquired HP or HPE stock, you may now have stock in up to six completely separate HP-related companies in various accounts -- or have missed cash payouts. How many shares of which HP-related companies should I have? How much cash should I have received? hpalumni.org/stock

If you got a letter from Social Security entitled "Potential Private Retirement Benefit." Look at the "Year Reported" and the table on the back of the letter. If "Type of Benefit" is "A" -- you rolled to a different plan, bought an annuity, or took cash. How to decode and what to do: https://www.hpalumni.org/PotentialBenefitLetter.


Sequence of related stock events from HPAA's detailed Stock Decoder table:

2008-08-26

HP bought EDS. EDS shareholders received $25 in exchange for each EDS share. EDS stock was retired.

2015-10-21

HP spun off Hewlett Packard Enterprise.. HPQ shareholders received 1 share of HPE per HPQ share owned. Hewlett-Packard Co. renamed HP Inc.

2017-03-20

HPE Enterprise Services business was spun off and merged with CSC, creating DXC. HPE shareholders received 0.086 share of DXC per HPE share owned.

2018-05-25

DXC U.S. Public Sector business was spun off and merged with two other companies, creating Perspecta. DXC shareholders received 0.5 share of Perspecta per DXC share owned.

2021-05-06

Perspecta bought by Peraton. Peraton paid $29.35 cash in exchange for each Perspecta share -- a 49.7% premium over last closing price before public reports. PRSP shares have vanished from your account. Either cash was added to your account or check mailed by approx. 6/2/21.

 

DXC is a completely separate company -- not a legal successor corporation to HP or HPE.

Perspecta is a completely separate company from DXC -- not a legal successor corporation to DXC. HPAA's Perspecta stock info

Also see this page if you ever worked for DXC 

To check for lost stock: DXC is incorporated in Delaware

Website operated by volunteers. Not officially endorsed or supported. Comments: info@hpalumni.org

Stock information and contacts:

DXC Investor Relations:  https://investors.dxc.com/investor-relations 

From the "Resources" dropdown on the right, select "FAQs."

Selecting "Spin-off Tax Documentation" gets you to the CSC/HPE and Perspecta tax documentation: https://investors.dxc.com/resources/spin-off-tax-documentation

Finally, DXC's "Tax Basis Worksheet" for the Perspecta deal: https://s27.q4cdn.com/120381974/files/doc_downloads/2021/06/Tax-Basis-Worksheet.pdf

"DXC assumed $600 million of net pension liability and $400 million of existing debt..." April 3, 2017 HPE press release on completion


Note 1. Yahoo Finance charts do not always accurately reflect stock splits and other events.

"...you will generally not recognize gain or loss for U.S. federal income tax purposes..." HPE/DXC tax basis letter

Your broker may have used a different formula than the one suggested in the tax basis letter provided by the company -- resulting in a somewhat different value. Check your brokerage account online -- or by examining a recent account statement -- to view your holdings in each stock going forward.

Unexpired HPE options: If you had unexpired HPE stock options and were transitioned to DXC, the HPE options in your Merrill Lynch account may have vanished in April 2017 -- with no notification. The HPE options were converted to DXC options and placed in a new Fidelity account.

If you have an existing HP 401(k) or personal brokerage account at Fidelity, go to http://netbenefits.com and use your existing username and password. Otherwise, call 1-800-457-4015 (Outside US 1-508-787-9902 collect.) Fidelity (Don't go to a local Fidelity office.)  

Announcement   Completion    Where's my DXC stock?    About DXC

Price history  

If you don't have good records -- or did not input your lot-and-cost information into your broker's system -- you can use our spreadsheet to estimate your cost basis for each HP-related stock for any span of HP employment from 7/1/1959 through the 11/1/2000 plan changeover. hpalumni.org/StockSpread


If formerly a regular, direct U.S. employee of HP or HPE -- or are in the process of leaving -- join the HP Alumni Association. No charge, thanks to HPAA's Supporting Members.


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