Amex Files 8-K: Director Changes, Officer Comp, Shareholder Votes
Ticker: AXP · Form: 8-K · Filed: May 8, 2024 · CIK: 4962
| Field | Detail |
|---|---|
| Company | American Express CO (AXP) |
| Form Type | 8-K |
| Filed Date | May 8, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.20 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-compensation, shareholder-vote
Related Tickers: AXP
TL;DR
Amex 8-K dropped: board shakeup, exec pay changes, shareholder votes incoming.
AI Summary
On May 8, 2024, American Express Company filed an 8-K report detailing several key events. These include the departure of a director, the election of new directors, and updates to compensatory arrangements for certain officers. The filing also covers the submission of matters to a vote of security holders and includes financial statements and exhibits.
Why It Matters
This filing provides crucial updates on corporate governance and executive compensation at American Express, which can impact investor confidence and the company's strategic direction.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of corporate governance and operational updates, not indicating immediate financial distress or significant new risks.
Key Players & Entities
- AMERICAN EXPRESS CO (company) — Registrant
- May 8, 2024 (date) — Date of Report
- May 6, 2024 (date) — Date of earliest event reported
- New York (location) — State of incorporation and principal executive offices
- 212-640-2000 (phone_number) — Registrant's telephone number
FAQ
Who departed as a director of American Express Company?
The filing indicates the departure of a director, but the specific name is not provided in the initial summary of the 8-K.
What specific compensatory arrangements were updated for officers?
The 8-K mentions updates to compensatory arrangements for certain officers, but the details of these arrangements are not specified in the provided text.
What is the filing date of this 8-K report?
The report was filed on May 8, 2024.
What is the earliest event date reported in this filing?
The earliest event reported is dated May 6, 2024.
What are the main items covered in this 8-K filing?
The filing covers the departure of directors, election of directors, compensatory arrangements of officers, submission of matters to a vote of security holders, and financial statements and exhibits.
Filing Stats: 1,019 words · 4 min read · ~3 pages · Grade level 9.9 · Accepted 2024-05-08 14:00:58
Key Financial Figures
- $0.20 — ch registered Common Shares (par value $0.20 per Share) AXP New York Stock Exchange
Filing Documents
- axp-20240506.htm (8-K) — 83KB
- ex101axp2016incentivecompe.htm (EX-10.1) — 117KB
- 0000004962-24-000038.txt ( ) — 350KB
- axp-20240506.xsd (EX-101.SCH) — 2KB
- axp-20240506_lab.xml (EX-101.LAB) — 21KB
- axp-20240506_pre.xml (EX-101.PRE) — 12KB
- axp-20240506_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders (a) As noted above, the Company's Annual Meeting was held on May 6, 2024. A quorum was present at the meeting as required by the Company's By-laws. The matters that were voted upon at the meeting, and the number of votes cast for or against, as well as the number of abstentions and broker non-votes, as to each such matter, where applicable, are set forth below. Abstentions and broker non-votes were counted for purposes of determining whether a quorum was present but were not counted as votes cast on any matter other than item 4 below, where abstentions were counted as votes cast against the matter. For matters 2-7, the percentages for and against each matter reflect all of the votes cast. (b) 1. Election of Directors. VOTES FOR VOTES AGAINST ABSTENTIONS BROKER NON-VOTES Thomas J. Baltimore 470,745,937 105,013,210 4,655,424 56,238,542 John J. Brennan 564,405,143 11,395,757 4,613,671 56,238,542 Walter J. Clayton III 565,865,975 9,908,311 4,640,285 56,238,542 Theodore J. Leonsis 558,634,884 17,125,096 4,654,591 56,238,542 Deborah P. Majoras 571,723,394 4,103,945 4,587,232 56,238,542 Karen L. Parkhill 574,986,399 860,473 4,567,699 56,238,542 Charles E. Phillips 563,112,045 12,642,558 4,659,968 56,238,542 Lynn A. Pike 572,170,176 3,594,008 4,650,387 56,238,542 Stephen J. Squeri 553,816,930 21,578,349 5,019,292 56,238,542 Daniel L. Vasella 559,496,528 16,259,649 4,658,394 56,238,542 Lisa W. Wardell 574,881,093 928,804 4,604,674 56,238,542 Christopher D. Young 566,725,829 9,035,056 4,653,686 56,238,542 All 12 of the Company's nominees for director received over a majority of votes cast. 2. Votes regarding ratification of appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for 2024 were as follows: VOTES FOR % FOR VOTES AGAINST % AGAINST ABSTENTIONS BROKER NON-VOTES 621,412,131 98.30% 10,736,569 1.69% 4,504,413 — 3. Votes regardin
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Description 10.1 American Express Company 2016 Incentive Compensation Plan (as amended and restated effective May 6, 2024). 104 The cover page of this Current Report on Form 8-K, formatted as inline XBRL. -3- SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AMERICAN EXPRESS COMPANY (REGISTRANT) By: /s/ Noelle Kenel-Pierre Name: Noelle Kenel-Pierre Title: Assistant Corporate Secretary Date: May 8, 2024 -4-