Amex Files Proxy Materials, No Fee Required

TL;DR

AXP filed proxy docs, no fee. Standard corporate stuff.

AI Summary

American Express Company (AXP) filed a Definitive Additional Materials (DEFA14A) on April 1, 2024. This filing is related to the company's proxy statement and indicates no fee was required for this filing. The filing is for the fiscal year ending December 31st.

Why It Matters

This filing is a routine part of corporate governance, informing shareholders about matters to be voted on at the company's annual meeting.

Risk Assessment

Risk Level: low — This is a routine regulatory filing with no new financial information or strategic changes disclosed.

Key Players & Entities

• AMERICAN EXPRESS COMPANY (company) — Registrant
• 0000004962-24-000020 (filing_id) — Accession Number
• 20240401 (date) — Filing Date
• 1231 (date) — Fiscal Year End
• 2126402000 (phone_number) — Business Phone

FAQ

Key Financial Figures

• $8.4B — m in 2023 FY 2023 Financial Performance $8.4B NET INCOME $11.21 EPS(2) $5.3B TOTAL CA
• $11.21 — Financial Performance $8.4B NET INCOME $11.21 EPS(2) $5.3B TOTAL CAPITAL RETURNED TO
• $5.3B — formance $8.4B NET INCOME $11.21 EPS(2) $5.3B TOTAL CAPITAL RETURNED TO SHAREHOLDERS
• $60.5B — ards and dividends on preferred shares. $60.5B TOTAL REVENUE YoY Growth: 14% / 15% Rep
• $1.5 — th: 14% / 15% Reported / FX-Adjusted(1) $1.5T WORLDWIDE BILLED BUSINESS YoY Growth:
• $60.5 b — tal revenue reached an all-time high of $60.5 billion, up 14% versus the prior year Add
• $484 million — ROMOTE DIVERSITY, EQUITY, AND INCLUSION $484 million In 2023, we made or contributed capital

Filing Documents

• axpdef14acombined.htm (DEFA14A) — 30KB
• a2024axpspringinvestoren001.jpg (GRAPHIC) — 88KB
• a2024axpspringinvestoren002.jpg (GRAPHIC) — 102KB
• a2024axpspringinvestoren003.jpg (GRAPHIC) — 104KB
• a2024axpspringinvestoren004.jpg (GRAPHIC) — 92KB
• a2024axpspringinvestoren005.jpg (GRAPHIC) — 145KB
• a2024axpspringinvestoren006.jpg (GRAPHIC) — 128KB
• a2024axpspringinvestoren007.jpg (GRAPHIC) — 171KB
• a2024axpspringinvestoren008.jpg (GRAPHIC) — 126KB
• a2024axpspringinvestoren009.jpg (GRAPHIC) — 150KB
• a2024axpspringinvestoren010.jpg (GRAPHIC) — 133KB
• a2024axpspringinvestoren011.jpg (GRAPHIC) — 144KB
• a2024axpspringinvestoren012.jpg (GRAPHIC) — 126KB
• a2024axpspringinvestoren013.jpg (GRAPHIC) — 116KB
• a2024axpspringinvestoren014.jpg (GRAPHIC) — 120KB
• a2024axpspringinvestoren015.jpg (GRAPHIC) — 36KB
• image_2.jpg (GRAPHIC) — 32KB
• 0000004962-24-000020.txt ( ) — 2533KB

From the Filing

AXP DEF14A Combined UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 AMERICAN EXPRESS COMPANY (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply) No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. Fee paid previously with preliminary materials. April 2024 SPRING 2024 INVESTOR ENGAGEMENT American Express Company We are committed to ongoing shareholder engagement to understand their perspectives and priorities and to inform our decision-making. Executive Summary Strategic Imperatives Executive Compensation Governance Corporate Sustainability / ESG Our strategic imperatives and enterprise-wide initiatives are based on our differentiated business model, our diverse customer base and global footprint. We continue to evolve our executive compensation program to respond to feedback we have received from shareholders. Our Board is thoughtfully assembled with the right balance of experience, skills, tenure and diversity to provide effective oversight. Our ESG mission is to back people and businesses to thrive and create equitable, resilient, and sustainable communities globally. 2 Our Strategic Imperatives Expand leadership in the premium consumer space Build on our strong position in commercial payments Strengthen our global, integrated network Build on our unique global position 3 We are a leader in providing credit and charge cards to a broad range of customers, including consumers, small businesses, mid-sized companies and large corporations around the world. We seek to grow by focusing on four strategic imperatives: are based on the competitive advantages of our business model... 4 Brand Strength Service Excellence Membership Model Lifestyle & Business- Centric Assets Premium Customer Base at Scale MerchantsCard Members AnalyticsData Technology 5 We continued to see strong momentum in 2023 FY 2023 Financial Performance $8.4B NET INCOME $11.21 EPS(2) $5.3B TOTAL CAPITAL RETURNED TO SHAREHOLDERS 12.2M NEW PROPRIETARY CARDS ACQUIRED 141M CARDS-IN-FORCE 1) Total Revenues Net of Interest Expense adjusted for FX is a non-GAAP measure. FX-adjusted information assumes a constant exchange rate between the periods being compared for purposes of currency translation into U.S. dollars (e.g., assumes the foreign exchange rates used to determine results for the current period apply to the corresponding prior year period against which such results are being compared). Management believes the presentation of information on an FX-adjusted basis is helpful to investors by making it easier to compare the Company's performance in one period to that of another period without the variability caused by fluctuations in currency exchange rates. 2) Attributable to common shareholders. Represents net income less earnings allocated to participating share awards and dividends on preferred shares. $60.5B TOTAL REVENUE YoY Growth: 14% / 15% Reported / FX-Adjusted(1) $1.5T WORLDWIDE BILLED BUSINESS YoY Growth: 9% We continue to engage with our shareholders to solicit and consider feedback in addition to focusing on the following: Aligning our executive compensation programs with the Company's strategic goals and long-term success Engaging with stakeholders and actively incorporating feedback from shareholders when considering program or disclosure enhancements Using a balanced scorecard with metrics across a range of categories to drive strong Company performance Focusing on strong governance practices in our executive compensation programs Discouraging imprudent risk-taking including, where appropriate, making adjustments to incentive outcomes Regular discussions with the Compensation & Benefits Committee (CBC) to review performance and executive pay Our Compensation Program and Our Commitment to Shareholders 6 Our Board continues to consider the long-term interests of the Company and shareholders when making decisions regarding our compensation programs 4% 30% 53% 13% Base Salary AIA PRSU Stock Options CBC continues to approve compensation decisions with a focus on aligning executive pay with company performance and its long-term growth plan The 2023 Annual Incentive Award (AIA) Company Multiplier of 130% reflects significant outperformance against the Company Scorecard Total revenue reached an all-time high of $60.5 billion, up 14% versus the prior year Added 12.2 million new proprietary cards, achieved industry-

View Full Filing

View this DEFA14A filing on SEC EDGAR