Investor FAQ

Migrated FAQ block

  1. What was the official spin-off date for NOW Inc. from NOV?
  2. Who is NOW Inc.’s stock transfer agent?
  3. What is a spin-off?
  4. What will the NYSE ticker be for NOW Inc.?
  5. Were shares of DNOW stock distributed to existing NOV shareholders? If so, what was the distribution ratio?
  6. Does NOV own or retain a controlling interest in DNOW?
  7. Where can I find the cost basis allocation document in regards to my NOV and DNOW shares?
  8. If I sold, on or before the distribution date of May 30, 2014, shares of NOV common stock that I held on the record date of May 22, 2014, was I entitled to receive shares of NOW Inc. common stock in the distribution?
  9. Where can I find the 10-12B/A (prospectus) form?
  10. How can I obtain a copy of the Annual Report or other SEC documents such as a 10-K, a 10-Q, or a prospectus?
  11. Where can I find more information about DistributionNOW?
  12. Other questions?

What was the official spin-off date for NOW Inc. from NOV?
The spin-off date was May 30, 2014, with regular way trading of stock beginning June 2, 2014.
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Who is NOW Inc.’s stock transfer agent?
American Stock Transfer & Trust Co., LLC
6201 15th Avenue
Brooklyn, New York 11219
(800) 937-5449
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What is a spin-off?
A spin-off is the development of an independent company through the sale or distribution of new shares of an existing business/division of a parent company. Now that the spin-off has occurred, NOW Inc. is its own publicly traded company, with its own management, board of directors and trading symbol.
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What will the NYSE ticker be for NOW Inc.?
DNOW.
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Were shares of DNOW stock distributed to existing NOV shareholders? If so, what was the distribution ratio?
Yes. Each NOV shareholder received 1 share of DNOW stock for every 4 shares of NOV stock that he/she owned outright.
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Does NOV own or retain a controlling interest in DNOW?
No. NOV does not own any of the common stock of NOW Inc. DNOW is now publicly owned by its shareholders, just as NOV is. Each company is an independent, publicly traded company with its own management team and Board of Directors.
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Where can I find the cost basis allocation document in regards to my NOV and DNOW shares?
The cost basis allocation document can be found at http://www.distributionnow.com/ under the investor relations tab, which is located in the top right corner of the site. Once the tab has opened, scroll down to the paragraph which starts, “For more information regarding the cost basis allocation….” Once you are there, click the hyperlink http://www.nov.com/investor/. Scroll down again to the paragraph which starts, “For detailed information…” and click on the blue highlighted sentence “Important U.S.A. Federal Income Tax Information Concerning The Now Inc. Stock Distribution.”
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If I sold, on or before the distribution date of May 30, 2014, shares of NOV common stock that I held on the record date of May 22, 2014, was I entitled to receive shares of NOW Inc. common stock in the distribution?
No, if you owned shares of NOV common stock on the record date of May 22, 2014 and sold those shares on the regular way market on or before the distribution date of May 30, 2014, you also sold the shares of NOW Inc. common stock that would have been distributed to you in the distribution. In this case, you (the seller) were not entitled to receive shares of NOW Inc. common stock in the distribution – the purchaser of your shares of NOV common stock would have been entitled to receive shares of NOW Inc. common stock in the distribution.
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Where can I find the 10-12B/A (prospectus) form?
Please visit http://www.distributionnow.com/ and click on the investor relations tab. Once there, click on the financial information tab on the left-hand side of the page. The 10-12B/A form will be listed there.
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How can I obtain a copy of the Annual Report or other SEC documents such as a 10-K, a 10-Q, or a prospectus?
DNOW does not publish an Annual Report.  All other SEC documents can be downloaded from the SEC or the link on the DNOW Investor Relations site.  Please see the following links.
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Where can I find more information about DistributionNOW?
For more information on DistributionNOW please visit http://www.distributionnow.com/
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Other questions?
Please send any other questions to ir@dnow.com.
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