Q. What is MOD-PAC CORP.’s ticker symbol and where is MOD-PAC CORP.’s stock traded?
A. MOD-PAC CORP.'s ticker symbol is MPAC. MOD-PAC CORP.'s common stock is traded on the NASDAQ stock exchange.
Q. What was the date MOD-PAC CORP. first became a public company?
A. MOD-PAC CORP. first public trading date was March 14, 2003 when it was spun off from its former parent Astronics Corp.
Q. How many shares of MOD-PAC CORP. stock are outstanding?
A. Refer to the most recent form 10-Q or form 10-K in the SEC Fillings section for a recent count of MOD-PAC CORP.'s outstanding shares.
Q. How can I obtain a MOD-PAC CORP. Investor Information Package or other company-related financial information?
A. Refer to the SEC Fillings section for online versions of financial documents such as form 10-Q, 10-K. Fill out an Information Request to request printed materials.
Q. Which Investment Analysts follow MOD-PAC CORP.?
A. None at this time.
Q. Can I have access to the quarterly financial analyst conference calls?
A. MOD-PAC CORP. provides an audio webcast and replay of financial conference calls in the Calendar of Events section. You can fill out an Email Alert to be notified.
Q. How do I reach Investor Relations at MOD-PAC CORP.?
A. Contact Investor Relations at dpawlowski@keiadvisors.com.
Q. When is the annual shareholder meeting held?
A. The annual shareholder meeting is typically held in May as determined by the Board of Directors. Proxy materials and annual reports are mailed out about 30 days before the meeting. Refer to the Calendar of Events for a schedule of important upcoming dates.
Q. Where can I find information about MOD-PAC CORP.'s executive staff?
A. Refer to the Management Team page in the About Us section.
Q. How many employees does MOD-PAC CORP. have?
A. MOD-PAC CORP. has approximately 380 employees.
Q. Whom do I contact with questions about transferring shares, if I've lost my stock certificate or if I need to change my address?
A. For shareholder inquiries regarding stock certificate, change or consolidation of accounts, transfer of ownership or other stock matters, please contact our transfer agent:
American Stock Transfer & Trust Co.
59 Maiden Lane
New York, NY 10038
Phone: 800.937.5449
Fax: 718.236.2641
Website: www.amstock.com
Q. Who is MOD-PAC CORP.'s outside legal counsel?
A. Hodgson Russ LLP
Buffalo, New York
Q. Who are MOD-PAC CORP.'s independent accountants?
A. Ernst & Young LLP
Buffalo, New York
Q. Where is MOD-PAC CORP.’s Corporate Headquarters located?
A. MOD-PAC CORP.
1801 Elmwood Avenue
Buffalo, NY 14207
Phone: 716.873.0640
Q. Is there a market for the Class B Stock?
A. There is no market for Class B Stock. Each share of Class B Stock is convertible, at all times and without cost to the shareholder, into a share of Common Stock. This conversion feature provides the Class B Stock shareholder access to market.
Q. I have 100 shares of Class B Stock. What is the simplest way to sell them?
A. If you hold your shares in account with a broker: Your broker should contact the transfer agent. American Stock Transfer & Trust Co. (AST) at 1-800-937-5449. They will instruct your broker as to the mechanics of converting your Class B stock to Common. The Class B converts directly to common, so you can direct your sell order accordingly. There should be no delay or expense involved other than normal commissions.
If you hold your shares in certificate:
Option A: You can first convert your Class B certificate into Common by contacting the transfer agent, AST, at 1-800-937-5449 and follow their instructions. Once you have the Common Share Certificate you can deliver that to a broker of your choice properly endorsed and they can sell the shares based on your instructions.
Option B: Deliver to your broker the share certificate for your 100 shares of Class B Stock, properly endorsed. The broker will then submit your share certificate to MOD-PAC CORP.'s transfer agent for you. The transfer agent then issues a certificate for common shares which your broker can then sell for you.
If you hold the shares in certificate, there is time involved in the physical delivery of the certificate. Otherwise, once deposited into a brokerage account, there should be no delay or expense involved other than normal commissions.
Q. What is the value of the Class B Stock?
A. The market value of MOD-PAC CORP. Common is the value of the Class B Stock because of the immediate, no cost conversion features of the Class B stock.
Q. My shares of MPAC are in street name. Are the Class B shares that were distributed as a stock dividend also in street name?
A. Yes.
Q. What happens to my Class B shares held in street name if I change brokers?
A. You do not have to convert them to MOD-PAC CORP. Common. The Class B shares may remain Class B shares as long as you remain the beneficial owner. You must document that the Class B shares are currently held in street name for your account and submit instructions to transfer the shares to the new broker.
Q. Can I transfer Class B shares distributed to me in street name into my own name?
A. Yes.
Q. What happens if I transfer Class B shares held in my own name to street name?
A. Our transfer agent will convert such shares to MOD-PAC CORP. Common.
Q. Can I transfer Class B shares by gift or bequest?
A. Yes.
Q. My broker can't find the CUSIP Number for the Class B Stock. What is it?
A. The CUSIP Number for the Class B Stock is 607495 207.
Q. My broker claims the Class B Stock is restricted and can't be accepted by his company. Is he right? What can I do?
A. Technically, the Class B shares are restricted. By accepting the shares the conversion to MOD-PAC CORP. Common occurs automatically when he presents them to the transfer agent. So for all practical purposes the broker is accepting MOD-PAC CORP. Common, which is not restricted.