Investor FAQs

Stock Split FAQs

On December 7, 2023 CooperCompanies announced that its board of directors has approved a four-for-one split of Cooper’s common stock to make stock ownership more accessible to employees and investors. The stock split is expected to be effective after close of trading on February 16, 2024. Trading is expected to begin on a stock split-adjusted basis on February 20, 2024.

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What is a 4-for-1 stock split?

A 4-for-1 stock split means that a stockholder will have four (4) times as many shares as they had before the stock split, with each share valued at approximately one fourth (1/4th) of the pre-split market price.

For example, if a stockholder owns 100 shares and the market price was $100.00 per share, that stockholder’s total investment value is $10,000. After the 4-for-1 stock split, the stockholder will have 400 shares of stock but the market price will be approximately $25.00 per share. The stockholder’s total investment value will remain the same at $10,000 until the stock price moves up or down.

When will the common stock begin trading at the post-split price?

Cooper’s common stock is currently anticipated to begin trading at the post-split price on Nasdaq on February 20, 2024.

 

Why did Cooper’s Board of Directors authorize the stock split?

Cooper’s Board of Directors decided to split the stock in order to make the shares more affordable to a broader range of potential investors.

 

Is the stock split a taxable event for stockholders?

Under current law, in the case of stockholders that are U.S. persons (as defined for U.S. federal income tax purposes) and hold their shares of common stock as a capital asset, the stock split should not result in the recognition of gain or loss for U.S. federal income tax purposes. The tax basis of each Cooper share owned after the stock split generally will equal one fourth (1/4th) of the tax basis in the applicable pre-split Cooper share. Stockholders should consult with their personal tax advisor regarding their specific tax circumstances. Holders of Cooper stock should consult their tax advisor regarding any relevant U.S. federal non-income tax, state or local tax and non-U.S. tax considerations.

 

How will the stock split affect the number of shares outstanding and the future calculation of earnings per share?

At the time of the split, the number of shares outstanding will be multiplied by four (4) and earnings per share will be divided by four (4).

 

How does the stock split affect my voting rights?

The stock split will not affect stockholders’ voting rights. Assuming holdings remain unchanged, each stockholder will be entitled to vote four (4) times as many shares, but that stockholder’s proportionate vote will remain the same relative to other Cooper stockholders.

 

Will the par value change?

No, the par value of Cooper common stock will remain at $0.10 per share.

How do I contact Cooper’s transfer agent?

You can reach Cooper’s transfer agent, Equiniti Trust Company, LLC, as follows: 

Website: https://equiniti.com/us/ast-access/individuals/
Phone Number: (800) 937-5449 or (718) 921-8124

Where will the notification be mailed?

If you are a registered stockholder, your notification will be mailed to the address our transfer agent, Equiniti Trust Company, LLC, has on file. To verify the accuracy of your address, you can contact Equiniti Trust Company, LLC directly by calling (800) 937-5449 or (718) 921-8124 or logging into your account at https://equiniti.com/us/ast-access/individuals/. If you hold shares in a brokerage account in the broker’s name, the additional shares will be sent directly to your broker.

 

General FAQs

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General FAQs

How would you describe Cooper's business strategy?
Cooper is a medical device company operating in two attractive specialty markets: contact lenses in the vision care market through CooperVision, and diagnostics and devices used in women's healthcare through CooperSurgical. In both these markets, we offer proprietary, patented and, where possible, differentiated products. At CooperVision, we develop new products and improve manufacturing processes through research and engineering. Our business development activities focus on geographic expansion and, occasionally, product acquisition. At CooperSurgical, we develop new products internally, license innovative technology and continue to consolidate the highly fragmented women's healthcare market through product and company acquisitions.
Would Cooper consider entering other areas of healthcare?
Yes, if it were attractive enough. In the near-term, however, we plan to concentrate on developing our two existing businesses.
Does Cooper have a Dividend Reinvestment Program (DRIP) or Direct Stock Purchase Plan?
No.
How do I buy Cooper stock?
To buy shares of Cooper stock, contact a brokerage firm. Cooper does not have a direct stock purchase plan.
What exchange does Cooper stock trade on?
Cooper common stock is traded on the Nasdaq Stock Market. The ticker symbol is COO.
Does Cooper pay a dividend on its common stock?
No, we do not pay a dividend.
Who should I contact regarding my stock certificate(s)?
You should contact Cooper's transfer agent, Equiniti Trust Company LLC by one of these methods:
Website: https://equiniti.com/us/ast-access/individuals/
Phone Number: (800) 937-5449 or (718) 921-8124
What is Cooper's CU.S.IP number?
216648501
Where can I look up the stock price on a specific day?
Click here
What is Cooper's fiscal year?
Cooper's fiscal year runs from November 1 to October 31.
What is a transfer agent?
A transfer agent and registrar for a publicly held company keep record of every outstanding stock certificate and the name of the person to whom it is registered. When stock changes hands, the transfer agent transfers the ownership of the stock from the seller's name to the buyer's name. The registrar reconciles all transfer records and makes sure that the number of shares debited is equal to the number of shares credited. Cooper's transfer agent is Equiniti.
How do I contact Cooper's Investor Relations?
Contact Investor Relations
How do I change my address on my account?

If you own shares through a brokerage firm, you need to contact the brokerage firm directly to change your account address. If you're a registered shareholder and own shares through Equiniti Trust Company LLC, you may contact them by one of these methods to change your account address:
Website: https://equiniti.com/us/ast-access/individuals/
Phone Number: (800) 937-5449 or (718) 921-8124

What year and where was Cooper incorporated?
Cooper was incorporated in the state of Delaware in March of 1980 as CooperVision, Inc. The present name was adopted on June 22, 1987.