How do I determine the book value of Pencor Services, Inc. shares?

The book value is determined by dividing the total Pencor Services, Inc. stockholder’s equity by the number of outstanding shares. The stockholder’s equity and the number of outstanding shares can be found on the balance sheet of the Pencor Audited Financial Report.

How often does Pencor establish the book value for the Pencor shares?

Pencor Services, Inc. shares book value is established annually upon the release of the independent auditor’s financial report. The independent auditors release the annual financial report at the conclusion of their audit, which usually happens between the last week of March and before the Pencor annual shareholder’s meeting in the first week of April.

Why is the book value important?

Pencor Services, Inc. is a private company and its shares are not registered or traded on any stock exchange. Early foundational documents established the book value as the means for determining the “value” of Pencor Services, Inc. shares.

Why is the timing of the release of the audited financial statement important?

Pencor Services, Inc. produces an audited financial statement only one time a year. This sets the book value of the stock for an entire year. The book value of Pencor Services, Inc. stock can vary greatly from one valuation year to the next. Therefore, choosing to sell the stock before or after the release of the audited financial statement can make a material difference in the book value/purchase/sale price of the stock.

How do I sell my Pencor Services, Inc. stock?

One way to sell Pencor Services, Inc. stock is to complete the Offer to Sell Pencor Services, Inc. stock form which is found on the Pencor Shareholder’s web page and submit it to the company. The company will respond appropriately to begin the transaction, if any.

What is the buy-sell agreement?

Most Pencor stock is subject to what is commonly referred to as a buy-sell agreement. Pencor’s buy-sell agreement was established in 1969, when most of the founding shareholders committed their shares to a process in which, among other things, required those shareholders to offer the stock back to the company for purchase at a certain rate based on “book value.” The company has record of which shares are subject to the buy-sell agreement. In most cases, the share certificate also carries a stamp which reads some variation of: “The shares of stock represented by this certificate are subject to all terms of an agreement made September 17, 1969, a copy of which is on file at the office of the company.”

Regardless of the stamp on your Pencor Services, Inc. shares, whether your shares are subject to the buy-sell agreement is controlled by the company’s records. If you have any doubt, please contact Pencor Shareholder Services @ ethompson@pencor.com; 610-826-9105; Pencor Services, Inc. PO Box 215, Palmerton, PA 18071 Attn. Eileen Thompson

I don’t have a stock certificate. I only have a voting trust certificate. What is that?

Certain shareholders entered into a private agreement under which those shareholders yielded their voting rights to a committee of trustees. The trustees hold the actual stock certificates. In return, you were provided with a Voting Trust Certificate representing your shares. The voting trust trustees meet annually to select candidates for the Board of Directors.