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DXC stock issues
This page gives additional details for only one of the many HP/HPE-related stocks. Start here: Stock Step-by-Step (Not officially endorsed or supported.)
Sequence of related stock events from Unofficial Stock Decoder table:
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2008-08-26 |
HP
bought EDS. EDS shareholders received $25 in exchange for each EDS
share. EDS stock was retired. |
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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. |
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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. |
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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. |
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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 paid into your brokerage cash account or a check was mailed by approx. 6/2/21. |
Perspecta is a completely separate company from DXC -- not a legal successor to DXC. HPAA's Perspecta stock info
If you ever worked for DXC: Info for DXC alumni
To check for lost stock and uncashed checks: https://www.hpalumni.org/Unclaimed. DXC is incorporated in Delaware
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
DXC Price Chart Note: Stock price 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
Plan administrators, transfer agents, and brokerages vary significantly in how (or if) they track lot-by-lot original cost and acquisition date, gain/loss, cash payouts, and current cost basis for the many complex HP-related stock events – and what (if anything) they report to the IRS. Some let you correct your cost basis information, reducing the tax when you sell. Preserve the documents and spreadsheets you used to figure your taxes. Admin and Broker Issues
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 (If no password, keep hitting #.) (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
(Apr 11, 2022) Question? Email: info@hpalumni.org
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