Hills Office Park
Canton, MA 02021
EquiServe delivers a wide range of corporate shareholder service solutions,
acting as a company’s agent to transfer a shareholder’s stock, disburse and
reinvest dividends, mail and tabulate proxies, distribute annual reports and
provide merger and acquisition services.
EquiServe provides corporations full-service processing, which includes all
accounting and data processing support for transfer agent activities related
to registered ownership. Registered ownership occurs when the beneficial
owner of the security is registered on the books and records of the
corporation. When investors purchase stock through a broker, the investor
may specifically direct the broker to register the shares purchased directly
with the corporation. Registered owners receive all corporate
communications, dividends, annual reports and proxy material directly from
the corporation. Registered ownership comes in two forms: physical
certificates or book-entry shares.
EquiServe provides custom services for corporate actions (mergers,
acquisitions, stock splits, tender offers, odd-lots, etc.), initial public
offerings and demutualization transactions.
EquiServe derives revenues from its securities processing services through
use of the Company’s proprietary software systems, clerical processing
services and other related products. Fees for accounting services are
generally charged based on number of accounts, CUSIPs and transactions.
EquiServe also derives revenues from investment earnings related to cash
balances maintained in corporate transfer agency bank accounts.
Employee Plan Administration
EquiServe services more than 300 employee stock purchase and stock option
plans with over two million employee accounts. EquiServe provides a complete
range of employee stock option services, from full service administration of
employee stock option plans to remote support of companies who do their own
recordkeeping services. EquiServe has developed a proprietary employee stock
purchase plan system that tracks and reports disqualifying dispositions,
utilizes an automated enrollment system and has the ability to provide
multi-lingual printing, multi-lingual interactive voice response systems and
multi-currency disbursements to support internationally-based employee
In 2003, EquiServe expanded its employee plan administration business
internationally. It offers global employee stock option administration and
international employee stock purchase plans services.
Revenues from these services are based generally on the number of employee
accounts in the employee plans, the number of transactions processed and the
number of employee plan accounts maintained.
Investment Plan Administration
EquiServe’s investment plan administration services encompass all types of
investment plans, including direct stock purchase plans (“DSPPs”) and
traditional dividend reinvestment plans. DSPPs (also called open enrollment
plans) offer interested investors who are not current shareholders the
opportunity to purchase shares directly in a company without going through a
broker. EquiServe is a leading provider of investment plan administrative
services, with 5.8 million plan participants for 180 DSPP clients and more
than 400 dividend reinvestment plans.
Revenues from these services are based generally on the number of
transactions and the number of investment plan accounts maintained.
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