Is the Computershare Control Number the Same as the Account Number?

For those dealing with shareholder services, understanding the nuances of various identification numbers is crucial. Computershare, a prominent transfer agent, uses control numbers for specific transactions. However, shareholders often confuse these with account numbers. This article examines the differences between these identifiers, their purposes, and their role in shareholder activities.

Distinctions From the Account Number

In shareholder services, a Computershare control number and an account number serve distinct purposes. The control number is a temporary identifier assigned for specific transactions like proxy voting or accessing shareholder meetings. Its temporary nature enhances security by preventing unauthorized access. In contrast, the account number is a permanent identifier used for account management and record-keeping, similar to a bank account number.

The control number ensures secure shareholder activities, particularly during proxy voting, allowing shareholders to vote online or via phone without exposing permanent account details. This system adheres to regulations like the SEC’s Rule 14a-8, which governs shareholder proposals and voting.

The account number, on the other hand, is vital for managing a shareholder’s portfolio. It tracks dividends, monitors stock performance, and assists with tax reporting. For example, shareholders use their account number to report dividend income on tax returns, ensuring compliance with IRS guidelines. Its permanence makes it a reliable tool for ongoing financial activities.

Locating the Control Number

To participate in Computershare transactions or meetings, shareholders must locate their control number. This number typically appears on proxy voting cards or meeting invitations sent via physical mail or electronic communication.

Shareholders can also check Computershare’s online portal to find their control number associated with upcoming events or transactions. This platform adds convenience for managing activities remotely.

For those needing additional guidance, contacting Computershare’s customer service is another option. The team can assist shareholders in locating their control number, ensuring accessibility for all, regardless of technical proficiency.

Using It for Shareholder Transactions

The control number enables shareholders to carry out various transactions. During corporate actions like mergers or acquisitions, the control number is used to submit shares for purchase under specific terms, ensuring compliance with regulations like the Williams Act.

Additionally, the control number grants access to shareholder-only events, such as earnings calls or special meetings, verifying eligibility and ensuring only legitimate stakeholders participate. It also facilitates communication between shareholders and the company, particularly for updates on dividends or governance changes, aligning with SEC disclosure requirements.

Retrieving a Lost or Misplaced Control Number

If a control number is misplaced, shareholders should first check their email inbox, including spam or junk folders, as these numbers are often sent digitally. If unavailable, brokerage statements may reference the control number, especially for significant corporate actions.

Contacting Computershare directly is a reliable way to retrieve a lost control number. Shareholders will need to verify their identity with personal details, ensuring compliance with data protection regulations like GDPR or CCPA to safeguard sensitive information.

Proxy Voting Processes

Proxy voting allows shareholders to influence corporate governance without attending meetings in person. The control number serves as a unique identifier, ensuring vote integrity and security. Shareholders receive their control number with instructions for voting electronically or by phone, streamlining participation in corporate decisions and adhering to SEC regulations on transparency and shareholder engagement.

Control numbers are often included with proxy statements, which outline voting matters to help shareholders make informed decisions. By using control numbers, shareholders can cast votes online, increasing convenience and participation rates. This system also supports compliance with the Dodd-Frank Act, which emphasizes shareholder rights and accountability.