On February 4, 2014, the Board of Directors declared a two-for-one stock split in the form of a 100% stock dividend on the company’s Class A Common Stock issued and outstanding as of February 21, 2014. The dividend distribution occurred on March 7, 2014, and the company’s Class A Common Stock began trading on a post-split basis on March 10, 2014.
Issuers of corporate securities are required to complete Internal Revenue Service Form 8937 to report organizational actions, including nontaxable distributions that affect the basis of the securities involved in the organizational action. See Form 8937. The information in this document does not constitute tax advice. Each shareholder should consult a tax advisor as to the particular consequences of the distribution under U.S. federal, state and local and foreign tax law.
On September 17, 2007, the Board of Directors declared a two-for-one stock split on its capital stock in the form of a stock dividend. Stockholders of record as of October 1, 2007, were entitled to one additional share of Common Stock for each share held on the record date. The stock dividend distribution occurred on October 16, 2007, the company's Class A Common Stock began trading on a post-split basis the business day following the distribution date.
On May 26, 2004, Cognizant stockholders approved an increase in the number of authorized shares of Class A Common Stock. As a result of the increase, Cognizant's previously announced conditional two-for-one stock split on its Class A Common Stock in the form of a stock dividend proceeded as planned. Stockholders of record as of May 27, 2004, received one additional share of Common Stock for each share held.
On March 5, 2003, the Cognizant Board of Directors declared a three-for-one stock split effected by a stock dividend payable on April 1, 2003, to stockholders.
On February 11, 2000, the Cognizant Board of Directors declared a two-for-one stock split effected by a 100% dividend payable on March 16, 2000 to stockholders.