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Shareholder FAQ |
| When did Hospira begin trading as a publicly traded company? | | | Hospira was spun off from Abbott on April 30, 2004 and began trading as a publicly traded company on the New York Stock Exchange under the ticker “HSP” on May 3, 2004.
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| What is Hospira’s stock ticker? | | | Hospira common stock is listed as HSP on the New York Stock Exchange.
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| Where is Hospira’s stock traded? | | | Hospira common stock is listed as HSP on the New York Stock Exchange, which is the principal market where the company’s stock is traded.
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| What is Hospira’s CUSIP number? | | | Hospira’s CUSIP number is 441060100.
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| What is Hospira’s fiscal year? | | | Hospira’s fiscal year ends on December 31.
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| Where are Hospira’s corporate headquarters? | | | Hospira is headquartered in Lake Forest, Ill., just north of Chicago.
Hospira, Inc.
275 North Field Drive
Lake Forest, IL 60045
224.212.2000
www.hospira.com
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| Who are the members of Hospira’s board of directors? | | | Click here to view a listing of and information about the members of Hospira’s board of directors.
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| How can I contact Hospira? How can I contact Investor Relations? | | | You can contact Hospira through email by clicking here for general or investor-related questions. In addition, you can reach Investor Relations at 224.212.2711 or by fax at 224.212.3437.
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| What is Hospira's profile? | | | Hospira, Inc. is a global specialty pharmaceutical and medication delivery company dedicated to Advancing Wellness™. As the world leader in specialty generic injectable pharmaceuticals, Hospira offers one of the broadest portfolios of generic acute-care and oncology injectables, as well as integrated infusion therapy and medication management solutions. Through its products, Hospira helps improve the safety, cost and productivity of patient care. Headquartered north of Chicago in Lake Forest, Ill., Hospira has approximately 13,500 employees worldwide. In 2009, Hospira generated about $3.9 billion in sales.
For additional information, please see the “About Hospira” section of the company’s Web site contains information about the company and can be accessed by clicking here.
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| How can I get copies of Hospira’s annual reports or press releases? | | | Hospira's annual reports and press releases are available online. If you wish to receive a printed version of the annual report, you may contact the company to request investor material online.
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| How can I get more information about Hospira? | | | Additional information is also available on the Web site in the “About Hospira” section, which you can access by clicking here. Hospira's annual reports and press releases are also available online. You may contact the company directly if you wish to receive a printed version of the annual report, or request investor material online.
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| Is there a way to be alerted when new investor information is posted to the Investor Relations section of Hospira’s Web site? | | | You may automatically receive e-mail alerts about Hospira SEC filings, upcoming events, presentations and archived webcasts, and end-of-day stock alerts by clicking here. If you wish to be alerted when a new Hospira press release is posted, please click here.
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| When does Hospira hold its annual meeting? | | | Hospira generally holds its annual meetings in May. Notice of the meetings is issued in the proxy statement.
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| Can I elect to receive my proxy materials electronically as opposed to by mail? How do I do that? | | | Hospira shareholders may elect to receive proxy statements and annual reports online. In addition to reducing the amount of paper mailed to shareholders, this saves the company printing and mailing costs. To enroll for Hospira’s E-Delivery service, which is free of cost, click here.
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| How can I buy or sell Hospira stock? | | | Hospira common stock is listed as HSP on the New York Stock Exchange. Shares can be bought or sold through any financial institution that provides brokerage services.
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| Can I purchase stock directly from Hospira? Does Hospira have a direct stock purchase plan? | | | Hospira does not have a direct purchase plan. Please contact a stockbroker to purchase Hospira shares.
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| Does Hospira issue dividends or have a DRIP (Dividend Reinvestment Program)? | | | Hospira does not pay a dividend at this time; therefore, it does not have dividend reinvestment plan.
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| Who is Hospira’s transfer agent? What does a transfer agent do? | | | Hospira’s transfer agent is Computershare Investor Services.
Transfer agents maintain stock registries for their client companies. They issue and cancel stock certificates; maintain book-entry systems; resolve issues arising from lost or stolen certificates; handle address or registration changes; and answer account-related questions from registered shareholders of their client companies. (Book-entry refers to a paperless form of stock ownership commonly that allows an investor’s shares to be held in his or her name and tracked electronically. The investor retains full ownership of the shares without having to hold a paper stock certificate.)
You may contact Computershare by mail, toll-free telephone, fax or email. You can also visit the Computershare Web site to monitor and manage your account.
Computershare Investor Services
P.O. Box 43078
Providence, RI 02940-3078
Web site: www.computershare.com
E-mail: shareholder@computershare.com
Toll-free telephone: 800.821.1238
Telephone (for international inquiries): 781.575.4677
Fax: 781.575.3605
For requests or inquiries sent by overnight delivery, please send to:
Computershare Investor Services
250 Royall Street
Canton, MA 02021
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| What’s the difference between a registered shareholder and a “street-name” shareholder? | | | A registered shareholder is in possession of a stock certificate or whose shares are held in book entry under his or her own name with the company’s transfer agent. A registered shareholder receives shareholder information, such as the proxy statement, directly from the issuing company. A “street-name” shareholder refers to shareholders whose shares are held in brokerage accounts. If you receive information about your shares from a brokerage firm or bank, your shares are held in street name.
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| Why didn’t I receive a stock certificate for the shares of Hospira stock I received at the time of the spin-off from Abbott? | | | Hospira uses the Direct Registration system for its shares, a paperless form of stock ownership commonly referred to as “book entry,” that allows your shares to be held in your name and tracked electronically. You retain full ownership of your shares without having to hold a paper stock certificate. Because Hospira uses the book-entry system, at the time of spin-off, Abbott shareholders receiving Hospira stock did not receive actual stock certificates.
Shares held in book-entry have all the traditional rights and privileges as shares held in certificate form. Furthermore, by keeping your shares in book-entry, you do not have to worry about protecting your stock certificates from loss, theft or destruction. Book-entry ownership also allows for electronic share transactions, such as ownership transfers, sales and moving shares to or from a broker.
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| I’m a registered shareholder. Who do I contact to change my address or registration, or for other questions related to my account? | | | If you are a registered shareholder, contact Hospira’s transfer agent, Computershare Investor Services, for any change of address or registration.
Computershare Investor Services
P.O. Box 43078
Providence, RI 02940-3078
Web site: www.computershare.com
E-mail: shareholder@computershare.com
Toll-free telephone: 800.821.1238
Telephone (for international inquiries): 781.575.4677
Fax: 781.575.3605
For requests or inquiries sent by overnight delivery, please send to:
Computershare Investor Services
250 Royall Street
Canton, MA 02021
If your shares are held in street name, contact your broker.
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| I’m a registered shareholder. Can I access my account online? | | | Yes. Registered Hospira shareholders can access their accounts online by visiting www.computershare.com, where instructions are provided on how to access individual accounts.
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| Who are Hospira’s independent auditors? | | | Deloitte & Touche LLP are Hospira’s independent auditors.
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| I am a Javelin shareholder who tendered my shares during the tender offer period. What will happen now that the transaction has been completed? Do I need to do anything? How will I receive payment for my shares? | | | As a result of the merger, Javelin has become a wholly owned subsidiary of Hospira and its shares ceased to be traded on the NYSE Amex LLC as of the end of July 2, 2010, the effective date of the merger.
If you tendered your shares in the tender offer, you do not need to take any further action. You will receive payment of the offer price of $2.20 per share (without interest and less any required withholding taxes) from Computershare, the depositary for the tender offer, or through your broker, if you hold your shares in street name.
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| I am a Javelin shareholder who did not tender my shares during the tender offer period. What will happen to my shares? Do I need to do anything? | | | As a result of the merger, any shares of Javelin common stock that were not tendered into the offer have been converted into the right to receive the same price of $2.20 in cash paid in the tender offer (without interest and less any required withholding taxes). This excludes shares held by Hospira or any of its subsidiaries, and by non-tendering shareholders who validly exercise their appraisal rights under Delaware law.
If you did not tender your shares in the offer and wish to receive the merger consideration of $2.20 per share (without interest and less any required withholding taxes), you need to mail a letter of transmittal to Computershare, the paying agent in the merger, in order to receive payment for your shares. If you hold your shares in certificated form, meaning that you have stock certificates for the shares, you need to include the stock certificate(s) with the letter of transmittal (or follow the instructions in the letter of transmittal regarding lost certificates). Computershare will provide the letter of transmittal, which it will begin mailing to holders of untendered shares on or about July 12, 2010.
Hospira will also be sending a notice of merger and an accompanying information statement to non-tendering shareholders on July 12, 2010 notifying them of their appraisal rights under Delaware law and reminding them of the procedures for receiving the $2.20 per share merger consideration (without interest and less any required withholding taxes) if they wish to exchange their shares for the cash payment.
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| Where do I send the letter of transmittal and how can I reach Computershare? | | | If delivering by mail:
Computershare
c/o Voluntary Corporate Actions
P.O. Box 43014
Providence, RI 02940-3014
If delivering by overnight courier:
Computershare
c/o Voluntary Corporate Actions
250 Royall Street Canton, MA 02021
You may also contact Computershare directly at 1.800.546.5141.
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QUESTIONS RELATED TO THE SPIN-OFF FROM ABBOTT | | | |
| When were Hospira shares originally distributed? | | | On April 30, 2004, Hospira shares were issued to Abbott shareholders of record as of April 22, 2004, and Hospira became legally separate from Abbott. On May 3, 2004, Hospira's management team officially launched their new company.
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| How can I determine the tax basis I have in the Hospira shares received in the distribution of Hospira stock at spin-off? | | | Click here for information for U.S. shareholders regarding how to compute their tax basis in both Abbott and Hospira shares, as well as additional tax information, including guidance on how to split the cost basis between Abbott and Hospira shares. You should consult your tax advisor about your particular situation, including the application of state, local and foreign tax laws.
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| What was the rationale for the spin-off from Abbott? | | | Creating a new hospital products company provided Abbott shareholders with equity investments in two separate companies that are now able to focus exclusively on maximizing opportunities in their distinct markets. Ultimately the transaction is expected to generate stronger growth for both companies, delivering enhanced shareholder value.
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| What happened if the number of my Abbott shares was not evenly divisible by 10? Were fractional shares of Hospira issued at spin-off? | | | Partial, or fractional, shares were not issued for Hospira. Instead, shareholders entitled to fractional shares received a check for the net proceeds from the sale of their fractional shares. Unlike the distribution of Hospira shares, which was tax-free for U.S. citizens and legal residents, the cash distribution for fractional shares was generally taxable as income to shareholders.
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| Did the spin-off from Abbott mean that I ended up with fewer Abbott shares? | | | No, the distribution did not change the number of Abbott shares a shareholder owned. The Hospira shares distributed to a shareholder were in addition to the Abbott shares owned by the shareholder as of the close of business on April 22, 2004.
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| Did Abbott shareholders have to pay U.S. federal income taxes on receipt of Hospira shares at spin-off? | | | Abbott received a ruling from the Internal Revenue Service that, for U.S. federal income tax purposes, the distribution of Hospira common stock was tax-free to Abbott and to Abbott's U.S. shareholders to the extent that they received Hospira common stock. However, fractional shares were not issued, and any cash received in lieu of fractional shares generally was taxable. Additional tax information, including guidance on how to split the cost basis between Abbott and Hospira shares, is available by clicking here. You should consult your tax advisor about your particular situation, including the application of state, local and foreign tax laws.
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