Frequently Asked Questions

1. What will happen to the U.S. qualified pension plans as a result of the DowDuPont transaction?

Current Dow and DuPont retirees will remain in their current pension plans after merger close. Future changes, if any, will be communicated prior to their effective date and can only affect prospective benefits, not those earned.

  • The IRS and Department of Labor rules strictly protect a participant’s rights to his or her vested accrued benefit.
  • The amount of a participant’s vested accrued benefit in a qualified plan is strictly protected by federal law and cannot be reduced as a result of the transaction.
  • Qualified pension assets are held in trusts that are separate legal entities from both Dow and DuPont and will not be affected by the transaction. Qualified U.S. pension benefits are protected under federal law, and the plans must meet their obligation to existing pensioners and other participants through the assets held in a secure trust. The protection under federal law generally prohibits plans from using pension funds for any purpose other than paying benefits and qualified plan expenses.

2. How will pensions outside the U.S. be impacted by the transaction?

  • Current Dow and DuPont retirees will remain in their current pension plans after merger close. Future changes, if any, will be communicated prior to their effective date and will only affect prospective benefits, not those already earned.
  • Dow and DuPont will continue to meet respective obligations to existing pensioners and other plan participants, as meeting such obligations is a top priority.

3. Is Dow current on funding its pension plans?

  • Dow’s pension plans continue to meet all local funding requirements in all countries. The pension plans comply with these requirements, and the company is committed to meeting its legal funding requirements for its plans.
  • More details on the U.S. qualified pension plans have been communicated through the annual funding notices, which include the plans’ funding percentage, the value of the plans’ assets and liabilities and a description of how the plans’ assets are invested as of specific dates. For specific questions about your pension, please call the Retiree Service Center at 1-800-344-0661.

4. What will happen to my 2017 benefits already in place?

  • Retirees will remain aligned to the benefits of their heritage company. There are no anticipated changes to the 2017 health care plans or pricing as a result of the closing of the merger transaction; however, the Company reserves the right to amend and terminate the plans at any time in its sole discretion while observing local legal requirements. The Company continually evaluates its benefits programs to ensure it is providing high-quality benefits plans for its employees and retirees.

5. Will there be any changes to the communications we currently receive from the Company?

  • On Day One, nothing changes. Retirees will continue to access their current communications channels, including the DowFriends website.

6. What about retiree picnics and/or reunions? Will those continue?

  • On Day One, nothing changes, and events will continue as currently scheduled. If anything changes, you will be notified.

Stock Update

1. What happened to the stock in my U.S. 401(k) now that the merger has closed?

  • Effective with the close of the merger transaction, a one-for-one exchange of Dow shares for DowDuPont shares automatically occurred for Dow stock invested in the Company Stock Funds currently held under the Dow Chemical Company Employees’ Savings Plan [401(k)].

2. What happened to my stock after Dow and DuPont merged?

  • DowDuPont became the parent company of Dow and DuPont. The last day of trading for Dow and DuPont common stock was August 31, 2017. DowDuPont began trading on the New York Stock Exchange on September 1, 2017, under the stock ticker symbol “DWDP.”
  • Dow and DuPont stockholders were entitled to receive shares of DowDuPont common stock in exchange for their shares of Dow and DuPont common stock according to the applicable exchange ratio fixed by the Merger Agreement with cash in lieu of any fractional shares.

3. What is the exchange ratio for the DowDuPont merger transaction?

  • Dow stockholders were entitled to receive one share of DowDuPont common stock for every one share of Dow common stock they held at the closing of the merger transactions. DuPont stockholders were entitled to receive 1.282 shares of DowDuPont common stock for every one share of DuPont common stock they held at the closing of the merger transaction, with cash in lieu of any fractional shares of DowDuPont common stock.

4. What do I need to do to exchange my shares?

  • If you held your Dow or DuPont shares through a broker or beneficial account, you will automatically receive shares of DowDuPont common stock for every share of Dow or DuPont common stock you held at closing. Stockholders who held their shares in certificate form will receive letters of instruction from the exchange agent, Computershare.

5. Do I have to return my Dow or DuPont stock certificates?

  • Yes. The shares of common stock represented by your Dow or DuPont stock certificate will no longer be traded on any stock exchange and now only represent the right to receive DowDuPont common stock (and, in the case of former DuPont stockholders, cash in lieu of any fractional DowDuPont shares) based on the applicable exchange ratio.

6. What will happen if I do not return my stock certificates?

  • Until you return your stock certificates for exchange, you will not receive your DowDuPont stock. Any future DowDuPont dividends will accrue on the shares represented by those certificates, but will not be paid to you until your Dow or DuPont shares are exchanged for DowDuPont shares. Accrued dividends and any cash in lieu of fractional shares will be paid without interest upon the exchange of shares.

7. Will I receive actual stock certificates for my DowDuPont shares?

  • No. All shares will be issued into book-entry under the Direct Registration System (DRS).

8. What if my stock certificate was lost, destroyed or stolen?

  • Please follow the instructions for a lost certificate included with the letter of transmittal from the exchange agent.

9. What if I have questions about how to exchange my stock?

  • Please contact Computershare, the exchange agent, at +1 866-644-4129 or +1 201-680-6578 (outside the U.S. and Canada).

10. Will DowDuPont pay a dividend?

  • Both Dow and DuPont have strong histories of quarterly dividends since the early 1900s. While DowDuPont is expected to target a dividend policy consistent with historical policies of Dow and DuPont, ultimately, the actual dividend, if any, will be a decision of the DowDuPont board.