Investor FAQ

1. Did Spectrum Brands exit bankruptcy?
2.Where is Spectrum Brands’ new stock listed?
3.How many shares of new common stock are being issued?
4.Who can I contact regarding my stockholder account?
5.What is the new common stock’s CUSIP number?
6.How do I obtain a copy of Spectrum Brands’ quarterly earnings reports?
7.What is Spectrum Brands’ fiscal year?
8.Who is Spectrum Brands’ auditor?
9.Where can I find information regarding the bankruptcy, including the Plan of Reorganization?
10.I owned Spectrum Brands stock before/during bankruptcy. Has it been cancelled as a result of the emergence from Chapter 11? (This includes all shares of ROV, SPC, SPCB or SPCBQ.)
11.Can I declare a tax loss in 2009 on my pre-bankruptcy Spectrum Brands stock?
12.What treatment will bondholders receive under the Plan of Reorganization?
13.Where can I find the indenture for Spectrum Brands’ new bond issue due 2019?
14.What is the new cusip number for the new bond issue due 2019?
15.Who can I contact if I have additional questions not answered on this website?
16.How do I determine the cost basis on the shares of stock (SPEB) and bonds due 2019 that I received upon the company’s emergence from Chapter 11?
1. Did Spectrum Brands exit bankruptcy?
 Yes. Spectrum Brands emerged from Chapter 11 protection on August 28, 2009.

2.Where is Spectrum Brands’ new stock listed?
 Shares of stock for Spectrum Brands trade under the symbol “SPB” on the New York Stock Exchange.

3.How many shares of new common stock are being issued?
 In accordance with the terms of the confirmed Plan or Reorganization, which was effective as of August 28, 2009, holders of claims with respect to the old bonds of Spectrum Brands (including holders of the 7.375% notes due 2015, the 8.5% notes due 2013 and the variable rate PIK Toggle Notes due 2013) will receive their pro rata share of 27,030,000 shares of common stock. Additionally, 2.97 million shares will be distributed to the lenders who provided Spectrum Brands its Supplemental Debtor-in-Possession Financing, and an additional 3.33 million shares will be available to the Board of Directors to use for incentive purposes.

4.Who can I contact regarding my stockholder account?
 

Please contact our transfer agent regarding your Spectrum Brands’ stockholder account:

BNY Shareowner Services
480 Washington Blvd.
Jersey City, NJ 07310
800-777-3694
www.bnymellon.com/shareowner


5.What is the new common stock’s CUSIP number?
 84762L 20 4

6.How do I obtain a copy of Spectrum Brands’ quarterly earnings reports?
 Spectrum Brands has remained current with all of its required SEC filings, including its annual 10-K and quarterly 10-Q’s. Please refer to the Investor Relations section of the company’s website at www.spectrumbrands.com for all SEC filings as well as all press releases, including those related to the announcement of quarterly earnings results. All SEC filings made by the company may also be accessed at www.sec.gov.

7.What is Spectrum Brands’ fiscal year?
 Spectrum Brands’ fiscal year is October 1 – September 30.

8.Who is Spectrum Brands’ auditor?
 Spectrum Brands’ independent auditor is KPMG LLP.

9.Where can I find information regarding the bankruptcy, including the Plan of Reorganization?
 You may access all of the bankruptcy filings at www.loganandco.com under the main case title, “Spectrum Jungle Labs Corporation”.

10.I owned Spectrum Brands stock before/during bankruptcy. Has it been cancelled as a result of the emergence from Chapter 11? (This includes all shares of ROV, SPC, SPCB or SPCBQ.)
 In accordance with the Company’s Plan of Reorganization, which the Bankruptcy Court confirmed on July 15, 2009, the company’s old common stock was extinguished upon the Plan’s effective date on August 28, 2009. No distributions have been or will be made to holders of the old equity. The canceled securities have no value.

11.Can I declare a tax loss in 2009 on my pre-bankruptcy Spectrum Brands stock?
  You may be able to claim a loss equal to the cost basis of your pre-bankruptcy stock, however, tax implications may differ for each individual. It is strongly recommended that you speak with a tax advisor regarding your own personal situation or contact the Internal Revenue Service for information about how to report securities-related transactions on your income tax return.

12.What treatment will bondholders receive under the Plan of Reorganization?
 

The Plan of Reorganization provides for the cancellation of all of the Company’s old bond obligations (including the 7.375%, 8.5% and variable rate PIK notes). Holders of any of these notes will be issued their pro rata share of both:

    (a) A new approximately $218 million bond obligation, which is equal to 20% of the allowed claims on the old bonds. Distribution of this new note is as follows:

Description

CUSIP

Notes per $1000 principal

8.5% Sr. Subordinated Notes due 2013

755081 AD8

205.713889

7.375% Sr. Subordinated Notes due 2015

84762L AA3

207.415973

Variable Rate PIK Toggle Sr. Subordinated Notes due 2013

84762L AB1

208.333333

    (b) and their pro rata share of 27,030,000 million shares of new common stock to be distributed as follows:

Description

CUSIP

Shares of new stock per $1000 principal

8.5% Sr. Subordinated Notes due 2013

755081 AD8

25.497698

7.375% Sr. Subordinated Notes due 2015

84762L AA3

25.708667

Variable Rate PIK Toggle Sr. Subordinated Notes due 2013

84762L AB1

25.822372


13.Where can I find the indenture for Spectrum Brands’ new bond issue due 2019?
 The indenture is being filed with the Securities and Exchange Commission on a current report on Form 8-K and will be available on the company’s website and at www.sec.gov.

14.What is the new cusip number for the new bond issue due 2019?
 84762L AE 5

15.Who can I contact if I have additional questions not answered on this website?
 You may contact the Investor Relations department at investorrelations@spectrumbrands.com.

16.How do I determine the cost basis on the shares of stock (SPEB) and bonds due 2019 that I received upon the company’s emergence from Chapter 11?
 

As noted in our Disclosure Statement, the United States federal income tax consequences arising from the Plan to holders of the Spectrum Notes will vary depending upon, among other things, whether such Spectrum Notes and New Notes constitute "securities" for United States federal income tax purposes. Each holder of Spectrum Notes is urged to consult his or her own tax advisor regarding the status of its Spectrum Notes and New Notes.

If such Spectrum Notes and New Notes constitute "securities" for United States federal income tax purposes, the holder's adjusted tax basis in its Spectrum Notes should be allocated among the New Notes and New Common Stock (other than the New Notes and New Common Stock received with respect to accrued interest not previously included in income) based on the relative fair market values thereof. The holding period for the New Notes and New Common Stock (other than the New Notes and New Common Stock received with respect to accrued interest not previously included in income) will include the holder's period for the Spectrum Notes exchanged therefor.

Pursuant to Spectrum's bankruptcy plan, for United States federal income tax purposes, each Debtor will allocate all distributions in respect of the Spectrum Notes first to the principal amount of such Spectrum Notes, and then to accrued but unpaid interest. Although certain authority suggests that this allocation is binding for United States federal income tax purposes, no assurance can be given that the IRS will not challenge the allocation. To the extent that New Notes and New Common Stock received with respect to a Spectrum Note are allocated to accrued interest not previously included in income, the holder's tax basis in such New Notes and New Common Stock would be equal to the fair market value of such New Notes and New Common Stock on the Effective Date. The holding period for the New Notes and New Common Stock received pursuant to the Plan would begin on the day after the Effective Date. Each holder of Spectrum Notes is urged to consult its own tax advisor regarding the tax consequences of the treatment of accrued but unpaid interest.

If such Spectrum Notes do not constitute "securities" for United States federal income tax purposes, the exchange of the Spectrum Notes for New Notes and New Common Stock should constitute a taxable exchange for United States federal income tax purposes. A holder's aggregate tax basis in the New Notes and New Common Stock received in exchange for its Spectrum Notes would generally be equal to the aggregate fair market value of such New Notes and New Common Stock on the Effective Date. The holding period for the New Notes and New Common Stock received pursuant to the Plan would begin on the day after the Effective Date.

To the extent the Spectrum Notes and New Notes constitute "securities" for United States federal income tax purposes, click here for a template to determine your basis in the New Notes and New Common Stock.