American Express Files Routine 8-K

TL;DR

AXP filed a routine 8-K, no major news.

AI Summary

On January 16, 2025, American Express Company (AXP) filed an 8-K report. The filing indicates no specific material events or transactions to report as of that date, suggesting a routine filing or a placeholder.

Why It Matters

This filing confirms American Express's compliance with SEC reporting requirements, indicating no immediate significant corporate actions or disclosures as of January 16, 2025.

Risk Assessment

Risk Level: low — The filing is a standard 8-K with no disclosed material events, indicating no immediate new risks.

Key Numbers

• 0000004962 — Central Index Key (Unique identifier for American Express Co.)
• 1-7657 — Commission File Number (SEC file number for American Express Co.)

Key Players & Entities

• AMERICAN EXPRESS CO (company) — Registrant
• 0000004962-25-000005 (filing_id) — Accession Number
• January 16, 2025 (date) — Date of earliest event reported
• 2126402000 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.20 — ch registered Common Shares (par value $0.20 per Share) AXP New York Stock Exchange
• $230 million — American Express will pay approximately $230 million in total to resolve these matters. The

Filing Documents

• axp-20250116.htm (8-K) — 28KB
• 0000004962-25-000005.txt ( ) — 149KB
• axp-20250116.xsd (EX-101.SCH) — 2KB
• axp-20250116_lab.xml (EX-101.LAB) — 21KB
• axp-20250116_pre.xml (EX-101.PRE) — 12KB
• axp-20250116_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events On January 16, 2025, American Express Company posted the following statement to its newsroom site : "American Express has entered into agreements with the U.S. Department of Justice and reached an agreement in principle with the Staff of the Board of Governors of the Federal Reserve System to resolve previously disclosed investigations into historical sales practices for certain U.S. small business customers, which the company ended in 2021 or earlier. We cooperated extensively with these agencies and our regulators and took decisive voluntary action to address these issues, including discontinuing certain products several years ago, conducting a comprehensive internal review, taking appropriate disciplinary measures, making organizational changes, and enhancing policies, compliance, and training programs. Pursuant to the agreements and after crediting, American Express will pay approximately $230 million in total to resolve these matters. The costs associated with the agreements were largely reserved for in prior periods and do not impact the 2024 guidance previously provided. We expect the resolution with the Federal Reserve to be finalized in the coming weeks." Cautionary Note Regarding Forward-Looking Statements This report includes forward-looking statements, which are subject to risks and uncertainties. The forward-looking statements contain words such as "expect," "anticipate," "intend," "plan," "will," "may," "should," "could," "would," "likely," and similar expressions. Actual results may differ from those set forth in the forward-looking statements due to a variety of factors, including those described in American Express' filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. American Express undertakes no obligation to update or revise any forward-looking statements. -2- SIGNATURE

View Full Filing

View this 8-K filing on SEC EDGAR