Amex Amends Articles of Incorporation
Ticker: AXP · Form: 8-K · Filed: Sep 27, 2024 · CIK: 4962
| Field | Detail |
|---|---|
| Company | American Express CO (AXP) |
| Form Type | 8-K |
| Filed Date | Sep 27, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.20 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, amendment, capital-structure
Related Tickers: AXP
TL;DR
AXP is tweaking its share count in the Articles of Incorporation, effective Sept 25.
AI Summary
On September 25, 2024, American Express Company (AXP) filed an 8-K report to disclose amendments to its Articles of Incorporation. These amendments, effective September 25, 2024, relate to the company's capital stock structure, specifically concerning the number of authorized shares of common stock.
Why It Matters
This filing indicates a potential adjustment in American Express's capital structure, which could impact future share issuances or stock-based compensation plans.
Risk Assessment
Risk Level: low — Amendments to articles of incorporation regarding share structure are common corporate actions and typically do not represent immediate operational or financial risk.
Key Numbers
- 1-7657 — SEC File Number (American Express's SEC registration number.)
- 13-4922250 — IRS Employer Identification No. (American Express's tax identification number.)
Key Players & Entities
- AMERICAN EXPRESS CO (company) — Registrant
- 0000004962-24-000063 (filing_id) — Accession Number
- September 25, 2024 (date) — Effective date of event
- 200 Vesey Street (address) — Principal executive offices
- New York (location) — State of incorporation and principal executive offices
FAQ
What specific changes were made to the Articles of Incorporation?
The filing indicates amendments related to the company's capital stock structure, specifically concerning the number of authorized shares of common stock.
When did these amendments become effective?
The amendments were effective as of September 25, 2024.
What is the purpose of amending the Articles of Incorporation regarding authorized shares?
While not explicitly stated in this excerpt, such amendments are typically made to provide flexibility for future corporate actions like stock issuances, acquisitions, or stock-based compensation.
Is this filing related to a financial performance update?
No, this 8-K filing specifically addresses amendments to the Articles of Incorporation and does not contain financial statements or performance updates.
Where are American Express's principal executive offices located?
American Express's principal executive offices are located at 200 Vesey Street, New York, New York 10285.
Filing Stats: 497 words · 2 min read · ~2 pages · Grade level 12 · Accepted 2024-09-27 12:01:28
Key Financial Figures
- $0.20 — ch registered Common Shares (par value $0.20 per Share) AXP New York Stock Exchange
Filing Documents
- axp-20240925.htm (8-K) — 29KB
- axp31by-lawsasofsept252024.htm (EX-3.1) — 131KB
- 0000004962-24-000063.txt ( ) — 316KB
- axp-20240925.xsd (EX-101.SCH) — 2KB
- axp-20240925_lab.xml (EX-101.LAB) — 22KB
- axp-20240925_pre.xml (EX-101.PRE) — 13KB
- axp-20240925_htm.xml (XML) — 3KB
03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On September 25, 2024, the Board of Directors of American Express Company (the "Company") amended Section 2.4 of the Company's By-Laws, effective immediately, to provide further detail regarding the effect of abstentions and broker non-votes on the shareholder vote required to approve corporate actions. The foregoing description of the amendment to the By-Laws is qualified in its entirety by the text of the By-Laws, as amended, a copy of which is attached hereto as Exhibit 3.1 incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit Description 3.1 Company's By-Laws, as amended through September 25, 2024 104 The cover page of this Current Report on Form 8-K, formatted as inline XBRL -2-
SIGNATURES
SIGNATURES 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/ James J. Killerlane III Name: James J. Killerlane III Title: Corporate Secretary Date: September 27, 2024 -3-