8-KCorporate Changes

EIDP, Inc. 8-K Report, Change in Control (Jun 3, 2019)

Filed June 3, 2019For Securities:CTA-PBCTA-PA

Summary

EIDP, Inc. (CTA-PB) has filed an 8-K report detailing significant corporate changes stemming from the separation of DowDuPont's agriculture business. Effective June 3, 2019, E. I. du Pont de Nemours and Company (Historical DuPont) will operate under the name "Corteva Agriscience" and is now a subsidiary of Corteva, Inc. This restructuring followed DowDuPont's pro rata distribution of Corteva, Inc. common stock to its shareholders and subsequent internal reorganizations. For investors holding EIDP, Inc.'s preferred stock (Series $3.50 and Series $4.50), these shares remain outstanding and were unaffected by the distribution and reorganizations. However, they will trade under new NYSE ticker symbols, "CTAPrA" and "CTAPrB," respectively, effective June 3, 2019, moving from their previous "DDPrA" and "DDPrB" symbols. Corteva, Inc. is now the successor issuer to Historical DuPont.

Key Highlights

  • 1E. I. du Pont de Nemours and Company (Historical DuPont) will be renamed "Corteva Agriscience" effective June 3, 2019.
  • 2Historical DuPont is now a subsidiary of Corteva, Inc. following DowDuPont's agriculture business separation.
  • 3Corteva, Inc. is the successor issuer to Historical DuPont under SEC rules.
  • 4Preferred Stock-$3.50 Series (CTA-PB) and Preferred Stock-$4.50 Series remain outstanding and unaffected by the corporate changes.
  • 5The Preferred Stock-$3.50 Series will trade under the new ticker symbol "CTAPrA" starting June 3, 2019.
  • 6The Preferred Stock-$4.50 Series will trade under the new ticker symbol "CTAPrB" starting June 3, 2019.
  • 7Previous ticker symbols "DDPrA" and "DDPrB" for the preferred stocks are no longer in use.

Frequently Asked Questions

The primary change is that E. I. du Pont de Nemours and Company (Historical DuPont), under which CTA-PB preferred stock was issued, will now do business as "Corteva Agriscience" and is a subsidiary of Corteva, Inc., following DowDuPont's agriculture business separation.

These preferred stock series remain outstanding and were not directly affected by the corporate restructuring. However, they will trade under new ticker symbols on the NYSE: "CTAPrA" for the $3.50 Series and "CTAPrB" for the $4.50 Series, effective June 3, 2019.

Corteva, Inc. has become the successor issuer to Historical DuPont, as defined by Rule 15d-5 under the Securities Exchange Act of 1934.

The Preferred Stock-$3.50 Series previously traded under "DDPrA" and the Preferred Stock-$4.50 Series traded under "DDPrB".