The Company's Tax Benefit Preservation Plan ("Plan") was adopted by the company's Board of Directors to preserve the company's Net Operating Loss Carryforwards (“NOLs”) and other tax attributes and thus reduce the risk of a possible change of ownership under Section 382 of the Internal Revenue Code. Any such change of ownership under Section 382 would limit or eliminate the ability of the company to use its existing NOLs for federal income tax purposes. Rights issued under the Plan could be triggered upon the acquisition by any person or group of 4.9% or more of the company's outstanding common stock and could result in substantial dilution of the acquirer's percentage ownership in the company. There is no guarantee that the Plan will achieve the objective of preserving the value of the company's NOLs. For more information, please visit http://investor.autobytel.com/tax.cfm.
Autobytel Inc. provides high quality consumer leads and associated marketing services to automotive dealers and manufacturers throughout the United States and offers consumers robust and original online automotive content to help them make informed car-buying decisions. The company pioneered the automotive internet in 1995 with its flagship website www.autobytel.com and has since helped tens of millions of automotive consumers research vehicles; connected thousands of dealers nationwide with motivated car buyers; and helped every major automaker market its brand online.
Yes. On October 1, 2015, Autobytel entered into and consummated an Agreement and Plan of Merger with AutoWeb, Inc. (“AutoWeb”) whereby a wholly owned subsidiary of Autobytel merged (the “Merger”) with and into AutoWeb with AutoWeb continuing as the surviving corporation and as a wholly owned subsidiary of Autobytel. As part of the consideration for the Merger, Autobytel issued shares of Series B Junior Participating Convertible Preferred Stock, par value $0.001 per share, of Autobytel (“Series B Preferred Stock”). The shares of Series B Preferred Stock are convertible, subject to certain limitations, into ten (10) shares of Autobytel’s common stock.
Additional information about the Merger and Series B Preferred Stock can be found in Autobytel’s Current Report on Form 8-K filed with the Securities and Exchange Commission on October 6, 2015, a copy of which is available here.
Computershare Trust Company is our transfer agent. Computershare Trust Company is responsible for maintaining all records of registered stockholders (including change of address and name), canceling or issuing stock certificates and resolving problems related to lost, destroyed or stolen certificates. If your shares are held in Street name, you will have to contact your broker for these services. You may contact the transfer agent at:
For shareholder inquiries by shareholder of record who hold their shares directly in their name and not through a third party brokerage account, including change of name, address or telephone number, canceling or issuing stock certificates, and resolving problems related to lost, destroyed or stolen certificates, please contact our transfer agent: