| FAQ |
| 1. | What services does American Stock Transfer & Company provide to Palm Harbor Homes shareholders? | | | Palm Harbor Homes shareholders can receive account information from American Stock Transfer & Company by dialing 1-800-937-5449. Representatives are available Monday through Thursday, 8:00 a.m. to 7:00 p.m. Eastern time and Friday, 8:00 a.m. to 5:00 p.m. Eastern time. AST can provide the following information:
- Account Information - Account Balance Statement of Certificate History
- Transfer Instruction Mailing - Establish Beneficiary
- From Individual into Joint Tenant
- Removal of Joint Tenant
- Establish Trust Account
- Change of Owner’s Name
- Establish Custodial Account
|
| 2. | How do I change my mailing address? | | | If you hold Palm Harbor Homes registered shares, or you possess Palm Harbor Homes stock in certificate form, promptly notify AST when your mailing address changes to update your account and ensure prompt receipt of Company mailings. This can be done by writing to American Stock Transfer & Trust Company, Shareholder Services, 40 Wall Street, 46th Floor, New York, NY 10005. |
| 3. | What should I do if I have lost my Palm Harbor Homes stock certificates? | | | If your Palm Harbor Homes stock certificates are lost, stolen, or destroyed, contact AST immediately to initiate replacement procedures. This can be done by writing to American Stock Transfer & Trust Company, 59 Maiden Lane, Plaza Level, New York, NY 10273-0923, or by calling 1-800-937-5449. A surety bond is required to replace lost certificates. Bonds will be 2% of the current market value of the shares (a minimum of $30), based on the price of the stock when the bond is issued. |
| 4. | How can I transfer shares from a deceased shareholder? | | | You must provide the following items:
- A Medallion Guaranteed Stock Power Form endorsed by the decedent’s representative in their legal capacity. A Medallion Guarantee is a financial surety that may be obtained from a commercial bank or brokerage firm.
- A W-9 form certifying the taxpayer identification number of the transferee.
- A court-certified copy or photocopy of the appointment of the decedent’s legal representative with a Medallion Guarantee. This is often referred to as Letters Testamentary of Letters of Administration. The court certification of Medallion Guarantee must be dated within six months.
- All certificates registered to the decedent’s shareholder.
If you wish to mail the necessary documentation, use registered or certified mail and mail it to American Stock Transfer & Trust Company, Shareholder Services, 40 Wall Street, New York, NY 10005. Check with the post office or carrier regarding insurance. Allow two to three weeks transfer to receive the new certificate. You can contact American Stock Transfer & Trust Company for assistance by telephone at 1-800-937-5449. |
| 5. | How can I add or remove Palm Harbor Homes shares from a custodial or minor registration? | | | You must provide the following items:
- A Medallion Guaranteed Stock Power Form endorsed by all registered owners. If you are removing the shares from a custodial registration, the custodian or former minor may sign. A Medallion Guarantee is a financial surety that may be obtained from a commercial bank or brokerage firm.
- A W-9 form certifying the taxpayer identification number of the transferee.
- All certificates to be added to or removed from the custodial registration.
- If the former minor signed the stock power to transfer shares from a present custodial registration, a photocopy of the birth certificate must also be provided.
If you wish to mail the necessary documentation, use registered or certified mail and mail it to American Stock Transfer & Trust Company, Shareholder Services, 40 Wall Street, New York, NY 10005. Check with the post office or carrier regarding insurance. Allow two to three weeks to receive your new certificate. You can contact American Stock Transfer & Trust Company for assistance by telephone at 1-800-937-5449. |
| 6. | How can I sell my shares? | | | If your shares are held in a brokerage account, simply contact your broker with your instructions for sale. The broker will sell the shares for you and place the proceeds, less a commission, in your brokerage account. To sell shares you hold in certificate form, you must first establish an account with a broker of your choosing. After opening the account, you will physically sign the shares over to your broker, who will sell them for you and place the proceeds, less a commission, in your brokerage account. |
| 7. | How can I combine several accounts registered in variations of the same name? | | | Shareholders who have more than one account for the same registered owner(s) can combine their accounts to avoid multiple mailings. This situation usually occurs because of slight variations in registered names such as "Jim Smith" and "Jim P. Smith." You are encouraged to contact American Stock Transfer & Trust Company for more information on account consolidation because multiple accounts create additional expenses for Palm Harbor Homes. |
| 8. | Can I buy or sell Palm Harbor Homes stock directly through the Company? | | | No, Palm Harbor Homes does not have a direct stock purchase or sales program. |
| 9. | Does Palm Harbor Homes pay cash dividends? | | | Historically, The Company has declared no cash dividends, and plans for earnings for the foreseeable future are to retain future earnings to support operations and finance the Company’s expansion. |
| 10. | Does Palm Harbor Homes have a Dividend Reinvestment Program (DRIP)? | | | No, Palm Harbor Homes does not have Dividend Reinvestment Program. |
| 11. | Where should I keep my Palm Harbor Homes stock certificates? | | | In view of the value of your Palm Harbor Homes stock certificates, as well as the expense incurred replacing lost certificates, keep your certificates in a safe place. Consider a safe deposit box at your bank. Also, Palm Harbor Homes’s stock certificates are negotiable documents and should only be signed upon a sale or transfer of ownership. |
| 12. | How can I determine tax implications relating to owning or selling my stock? | | | Palm Harbor Homes does not provide tax advisement services. Contact your CPA or tax professional for state and federal tax guidelines associated with owning and selling stock. It is important that you keep a record of each certificate - where it is kept, its number, the number of shares and the total cost price or value the day you acquired it. If you sell your stock, it is also important that you note the total sell price or value the day you sold it. |
| 13. | How can I find out about Palm Harbor Homes stock splits to determine the cost basis of my shares? | | | All stock splits since the Company’s stock was first publicly traded in 1995 can be viewed by clicking on "Stock Splits" on the Palm Harbor Homes Investor Relations home page or by clicking here: Stock Splits |
| 14. | How can I get Palm Harbor Homes’s quarterly financial results? | | | Palm Harbor Homes’s quarterly results are posted on the Investor Relations section of the Palm Harbor Homes web site under Financial Releases the same day the results are made public, usually within two hours of the public release. Requests to be added to the fax distribution list for press releases may also be made using the Information Request section of the web site. |
| 15. | Will I receive a Palm Harbor Homes Annual Report, and if so, when? | | | Shareholders of record on the proxy record date will be mailed an annual report. This report reviews the Company’s performance during the previous fiscal year and includes the Company’s 10-K report. The annual report with proxy statement and proxy card is mailed in a single mailing several weeks prior to the Company’s annual meeting. |
| 16. | Who is eligible to attend Palm Harbor Homes annual meeting? | | | Anyone who owns shares of Palm Harbor Homes stock is eligible to attend Palm Harbor Homes’s annual meeting. |
| 17. | When will I receive notice Palm Harbor Homes’s next annual meeting? | | | A notice of annual meeting, proxy statement and proxy card -- along with Palm Harbor Homes’s annual report -- are mailed in one envelope to shareholders of Palm Harbor Homes stock several weeks prior to the Company’s annual meeting. Registered shareholders, or those holding Palm Harbor Homes shares in certificate form, will receive these materials from American Stock Transfer & Trust Company. Shareholders whose shares are kept in a brokerage account will receive these materials directly from their broker. The proxy statement describes items to be voted on by the shareholders of the Company. Shareholders who cannot attend the annual meeting can vote their shares by completing and returning the proxy card. |
|
