Poly/Plantronics Stock Issues  (Mar 28, 2023)  Question? Email: info@hpalumni.org

HP Inc. is the legal successor to Poly/Plantronics.  Stockholder information and contact instructions: HPInc Investor Relations Site https://investor.hp.com/resources/contact-ir/default.aspx (scroll down)

Merger effective Aug 29, 2022. A check for $40.00 per share was sent to the address in the ownership records for each shareholding -- Where's my stock? If the check was uncashed, the money would have eventually been turned over to a state unclaimed property department. See HPAA's page on How to check for unclaimed property 

SEC filings on Poly/Plantronics stock

Restricted and performance-based stock.

From the 8K SEC report filed by Plantronics (trading symbol POLY) on August 29, 2022

On August 29, 2022, Plantronics, Inc., a Delaware corporation (“Poly” or the “Company”), and HP Inc., a Delaware corporation (“HP” or “Parent”), completed the previously announced transactions contemplated by the Agreement and Plan of Merger, dated as of March 25, 2022 (the “Merger Agreement”), among the Company, HP and Prism Subsidiary Corp., a Delaware corporation and wholly owned subsidiary of HP (“Merger Sub”)

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Item 2.01. Completion of Acquisition or Disposition of Assets.

The information set forth in the Introductory Note and in Items 3.03, 5.01, 5.02, 5.03 and 7.01 of this Current Report is incorporated herein by reference

At the Effective Time, each share of common stock, $0.01 par value, of the Company (the “Company Common Stock”) outstanding immediately prior to the Effective Time (other than certain excluded shares as described in the Merger Agreement) was canceled and converted into the right to receive cash in the amount of $40.00 per share (the “Per Share Price”), without interest and subject to applicable withholding

At or immediately prior to the Effective Time, each of the Company’s outstanding stock options had an exercise price per share equal to or greater than the Per Share Price and was therefore canceled without payment

At or immediately prior to the Effective Time, the Company’s equity-based awards were treated in the following manner:

- Each outstanding share of restricted stock of the Company vested in full and was converted into the right to receive the Per Share Price.

- Each outstanding restricted stock unit of the Company (a “Company RSU”) that was granted prior to the date of the Merger Agreement was canceled and converted into the right to receive an amount in cash equal to the Per Share Price multiplied by the number of shares of Company Common Stock subject to such Company RSU.

- Each outstanding Company RSU that was subject to performance-based vesting conditions (a “Company PSU”) that was granted prior to the date of the Merger Agreement was canceled and converted into the right to receive an amount in cash equal to the Per Share Price multiplied by the total number of shares of Company Common Stock subject to such Company PSU, with the number of vested Company PSUs calculated by the Leadership Development and Compensation Committee of the Board of Directors of the Company (the “Company Board”) in accordance with the terms of the applicable Company stock plan and award agreement governing such Company PSUs.

- Each outstanding Company RSU that was granted on or after the date of the Merger Agreement (a “Company Interim RSU”) was assumed by Parent and converted into a restricted stock unit of Parent (each, an “Assumed RSU”) with respect to a number of shares of common stock of Parent (the “Parent Common Stock”) (rounded down to the nearest whole share) that was equal to the number of shares of Company Common Stock subject to such Company Interim RSU immediately prior to the Effective Time multiplied by the quotient obtained by dividing (a) the Per Share Price by (b) the average closing price per share of Parent Common Stock on the NYSE (as defined below) for the ten trading-day period ending on the trading day preceding the date of the closing of the Merger. Each such Assumed RSU remains subject to the vesting schedule that was applicable to such Company Interim RSU and the other terms and conditions applicable to such Company Interim RSU as in effect immediately prior to the closing of the Merger.

- Each outstanding Company PSU that was granted on or after the date of the Merger Agreement (a “Company Interim PSU”) was canceled and exchanged for a Company Interim RSU with respect to a number of shares of Company Common Stock equal to the number of shares of Company Common Stock subject to such Company Interim PSU with respect to target performance (on a one-for-one basis), and with the same remaining time-based vesting schedule that would have been applicable had the Company Interim PSU been initially granted as a Company Interim RSU, and such award was treated as a Company Interim RSU as described above.

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Item 3.01.

On August 29, 2022, in connection with the completion of the Merger, the Company notified the New York Stock Exchange (the “NYSE”) that the Merger had been completed, and requested that the NYSE suspend trading of the Company Common Stock on the NYSE and withdraw the Company Common Stock from listing on the NYSE prior to the opening of trading on August 29, 2022.
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https://www.sec.gov/ix?doc=/Archives/edgar/data/0000914025/000095010322014549/dp179027_8k.htm