Summary
Corning Incorporated (GLW) has filed an 8-K report on November 29, 2004, announcing an extension of its voluntary odd-lot program for small shareholders. This program allows shareholders owning fewer than 100 shares of Corning Common Stock to either sell their holdings or purchase additional shares to reach a minimum of 100 shares. The extension is set to run from November 30, 2004, through December 29, 2004, unless further modified. This initiative is designed to assist small shareholders who may find it difficult or uneconomical to manage very small positions. The price per share for participants will be market-based and applied uniformly, but cannot be determined in advance. Corning is not providing a recommendation on whether shareholders should participate in this program, emphasizing its voluntary nature and directing inquiries to Georgeson Shareholder Communications Inc.
Key Highlights
- 1Corning announced an extension of its voluntary odd-lot program for shareholders owning fewer than 100 shares.
- 2The program allows eligible shareholders to sell their shares or purchase shares to reach 100 shares.
- 3The extension period is from November 30, 2004, to December 29, 2004.
- 4The price per share will be market-based and uniformly applied to all participants during the extension period.
- 5Corning is not making any recommendation to shareholders regarding participation.
- 6Shareholders with questions are directed to Georgeson Shareholder Communications Inc. at 1-888-288-7059.
- 7The filing was made under Regulation FD Disclosure.