NYSE: MDR 0.68
Change: +0.00 +0% )
Volume: 58,975
November 15, 2019

Stock Quote

Stock Quote: NYSE

  • Price $0.68
  • Change +0.00
  • Volume 58,975
  • % Change +0%
  • Intraday High $0.72
  • 52 Week High $10.99
  • Intraday Low $0.57
  • 52 Week Low $0.57
  • Today's Open $0.68
  • Previous Close $0.68

11/15/2019 04:02 PM Pricing delayed 20 minutes

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IRS Forms 8937

Explanation of IRS Form 8937

As part of the Emergency Economic Stabilization Act of 2008, Congress enacted section 6045B of the Internal Revenue Code in order to assist taxpayers and the IRS in determining taxpayers’ basis in certain securities, including stock in a corporation, following certain transactions. Section 6045B, among other things, imposes certain information reporting requirements on issuers of stock in a corporation that undertakes “an organizational action which affects the basis” of such stock. One manner in which such an issuer can comply with these information reporting requirements is by posting IRS Form 8937 in a readily accessible format in an area of its primary public website dedicated to such purpose and keeping such return accessible for ten years to the public on such website.

This is not tax advice. Please note that the information below is provided solely as a convenience to shareholders. McDermott International, Inc., does not provide its shareholders with tax advice and the information below is not intended to provide tax advice. McDermott International, Inc., encourages its shareholders to consult with their own tax advisors with respect to their specific questions pertaining to their own tax positions.

MDR/CB&I Combination Transaction (May 10, 2018) – Form 8937

McDermott believes that the Merger and the related elements of the Combination (each as defined in the joint proxy statement/prospectus filed with the Securities and Exchange Commission on March 29, 2018) qualified as one or more reorganizations within the meaning of IRC Section 368(a); however, McDermott has not obtained an opinion from counsel or a ruling from the Internal Revenue Service regarding such qualification.

MDR Reverse Stock Split (May 9, 2018) – Form 8937

The 3-to-1 reverse split of McDermott common stock, pursuant to which every three shares of McDermott common stock were automatically combined into one share (as more fully described in the joint proxy statement/prospectus filed with the Securities and Exchange Commission on March 29, 2018), qualified as a reorganization within the meaning of IRC Section 368(a).