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Stock issues for former EDS employees (Updated Feb 11, 2022.) Website operated by volunteers. Not officially endorsed or supported. Comments: info@hpalumni.org See all of HPAA's information for EDS alumni -- pension, career, benefits, networking, EDS history/culture -- whether or not you ever worked for HP: https://www.hpalumni.org/eds If you received 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. EDS sale to Hewlett-Packard. In 2008, due to declining growth and profits, EDS stock was down to $19 from $72 in 2001. EDS management and board negotiated a $13.9 billion sale to HP at a 32% premium -- which was completed Aug 26, 2008. (Founder Ross Perot retained 50% of the stock when EDS went public. GM contracts were 31% of revenue when he sold the company to GM in 1984. GM spun out EDS in 1996.) HP Inc. is the legal successor to the companies acquired by Hewlett-Packard before the company was split into HP Inc and Hewlett Packard Enterprise on Nov 1, 2015. Responsibility for commitments to former employees of Compaq, DEC, EDS, etc. remain with HP Inc. -- regardless of whether their last business unit ended up in HP or HPE. Includes employment verification and any retiree health, pension, etc. plans. HPE is responsible for commitments to former employees of companies acquired by HPE. HP Inc. is the legal successor to EDS. Stockholder information and contact instructions: HPInc Investor Relations Site https://investor.hp.com/resources/contact-ir/default.aspx (scroll down) To check for lost stock: Electronic Data Systems was originally incorporated in Texas. In 1984, it was reincorporated in Delaware. (For unclaimed property related to the 1984-1996 ownership of EDS by General Motors, check Michigan.)
HP's instructions to regular EDS shareholders:
Official HP public page on employee stock, including EDS ESPP: HPInc Global Total Rewards Official HPE public page on employee stock, including EDS ESPP: HPE Global Total Rewards HPAA member advice on EDS stock: EDS stock is no longer traded. Where's my stock? 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. HP/HPE tax basis letter
EDS Stock Splits Last four EDS Annual Reports For EDS SEC filings, go to the SEC's EDGAR site EDS annual reports on HP website: HPInc site EDS stock price history on third-party website: http://www.1stock1.com/1stock1_175.htm EDS and General Motors. In 1984, EDS was sold to General Motors. In 1996, GM spun out EDS as a separate public company. Wikipedia has links to contemporaneous news stories. "...on June 8, 2009... Common stock holders in the old General Motors were essentially wiped out... Shares of the old GM are canceled." --Matt Krantz, USA Today, Apr 30, 2013. |
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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. Operated by volunteers. Not officially endorsed or supported. © 2023 Hewlett-Packard Alumni Association, Inc. By using this site you accept these terms. |