Shareholder FAQs

Direct Registration System (“DRS”)

WE ARE EXPERTS AT WHAT WE DO

In addition to having mastered the ins and outs of supporting emerging growth for midsize companies, we continuously keep abreast of changing industry rules, regulations and standards.

Here you will find commonly asked questions along with their answers. If you do not find the information you need, please do not hesitate to contact us.
We are eager to support you in any way we can.

WHAT IS DIRECT REGISTRATION SYSTEM (“DRS”)?

DRS (Direct Registration System) is a service offering by The Depository Trust Company (DTC) that provides registered shareholders of the issuer with the option of holding their assets (shares) on the books and records of the transfer agent in book-entry form instead of a physical stock certificate. DRS Format allows shares to be transferred between a broker dealer and the transfer agent electronically. DRS shares are held in the name of the registered shareholder and are represented by a DRS Transaction Statement or DRS Advice. DRS shares cannot be lost, thus avoiding the cost and effort involved in replacing lost certificates. The shareholder retains full ownership of the shares as well as all the traditional voting rights and privileges of being a share owner.