Red Hat's fiscal year ends February 28.
The first quarter ends May 31.
The second quarter ends August 31.
The third quarter ends November 30.
The fourth quarter ends February 28.
How many employees do you have?
As of February 28, 2009 Red Hat had approximately 2,900 employees worldwide.
When and where was Red Hat incorporated?
Red Hat was incorporated in Connecticut in March 1993 as ACC Corp., Inc. In September 1995, ACC Corp. changed its name to Red Hat Software, Inc. In September 1998, Red Hat Software, Inc. reincorporated in Delaware. Red Hat Software, Inc. later changed its name to Red Hat, Inc. in June 1999.
When was Red Hat's initial public offering (IPO)?
Red Hat's initial public offering was on August 11, 1999. A total of 6,000,000 shares were priced at $14 ($7 post-split) per share. The lead underwriters were Goldman Sachs, Thomas Weisel Partners, H&Q, and E-Offering.
Has Red Hat held any subsequent offerings?
Yes. Red Hat sold 4,000,000 shares at $95/share in a secondary offering on February 3, 2000.
What is a secondary offering?
A secondary offering is a method of raising capital. When a company wishes to raise capital and has already had its initial public offering, it may choose to sell more shares of stock to the public market in a secondary offering. The shares sold in the offering are priced by the lead underwriter (investment bank) and distributed at the underwriter's discretion. For the secondary offering, lead underwriters were Goldman Sachs, Thomas Weisel Partners, H&Q, JP Morgan, and Ameritrade.
What were the proceeds from the secondary offering used for?
The net proceeds to Red Hat, approximately $250 million, were used for working capital and for other general corporate purposes including geographic expansion.
How many shares does Red Hat have outstanding?
As of February 28, 2009 Red Hat had approximately 190 million shares outstanding of common stock.
Does Red Hat offer a direct stock purchase program?
No. Any purchases or sales of Red Hat stock must be made through a stockbroker or an online brokerage firm of your choice.
Does Red Hat offer a dividend reinvestment program (DRIP)?
Red Hat does not offer a dividend reinvestment program at this time.
Does Red Hat offer Direct Registration System (DRS) stock transfers?
Yes. Red Hat's transfer agent Mellon Investor Services can electronically transfer your Red Hat stock to your broker or sell it for you without the need for you to hold a paper stock certificate.
Whom should I contact for more information about using the DRS system for my Red Hat shares?
Contact Red Hat's transfer agent Mellon Investor Services at 1-800-756-3353 or at melloninvestor.com. Once on Mellon's website, choose Investor ServiceDirect to initiate the transfer or sale of your Red Hat stock. Please note that if you are transferring shares to a broker-dealer, you must provide the broker-dealer with your Mellon Personal Account Information and request the broker-dealer initiate the electronic transfer of shares and obtain a Broker-Dealer Authorization Form from Mellon. This form is available on the melloninvestor.com website.
Where can I get information about my stock certificates or ownership records?
Red Hat's transfer agent is Mellon Investor Services, LLC. Mellon can be reached at 800-288-9541 or www.melloninvestor.com.
Where is Red Hat's stock traded?
As of December 12, 2006, the company's stock trades on the New York Stock Exchange (NYSE) under the symbol RHT. Prior to that date, the stock traded on Nasdaq.
Who are Red Hat's independent accountants?
PricewaterhouseCoopers LLP, in Raleigh, North Carolina.
Has the Board of Directors of Red Hat ever approved a stock repurchase program?
On September 17, 2001, the Board of Directors authorized a stock repurchase program of up to 10% of outstanding common shares over a period of twelve months. On September 29, 2004, the Board of Directors authorized a stock repurchase program of up to $100 million of outstanding common shares. On March 31, 2005, the Board expanded this authorization by an additional $150 million. This authorization expired on March 31, 2006. On October 27, 2006, the Board of Directors authorized a stock repurchase program of up to $250 million of outstanding common shares and up to $75 million of convertible debt. On November 17, 2008, the Board of Directors amended the Company's previously announced program for the repurchase of common stock. Under the program as amended, the Company is authorized to purchase up to an aggregate of $250 million of outstanding common shares, without regard to amounts previously repurchased under prior programs.
Red Hat is headquartered in Raleigh, North Carolina.
When is the annual shareholder meeting?
The 2009 Annual Shareholder's Meeting will be held on Thursday, August 13, 2009 at 11:00 am ET at Red Hat's corporate headquarters located in Raleigh, NC.
Will I be able to sell my shares at or above my purchase price? What determines whether the company's stock goes up?
Depending on current market conditions, shareholders may or may not be able to sell their shares at or above the purchase price. There's no guarantee that a stock price will rise or fall. At the initial public offering, the price of the common stock is determined by the company and its underwriters. From that point on, the stock is susceptible to everything from stock market fluctuations to stock-influencing information about the company.
Why should/would I pay Red Hat for something, Open Source Software, that is inherently free?
"Open Source Software is free if your time is worth nothing."While it is true that Open Source software code is free, taking advantage of its benefits requires a significant investment. Red Hat Linux and associated Open Source technologies are powerful, rich, and flexible. These very characteristics that make Red Hat Linux so appealing also create a significant level of complexity -- not different than any other powerful, flexible software technology. Harnessing the power of Red Hat Linux to solve the computing tasks that are important to your business requires an upfront investment in the skills and expertise to get a project up and running, and it requires an ongoing investment in support to maximize administrator and developer productivity while maintaining the security and reliability of the systems as the technology evolves.
What is Red Hat's SIC (Standard Industrial Code No.)?
7370
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