01—Abstract
Summary
Summary of the 10-K/A filed March 30, 2012. Cited figures are marked; the original filing is the authoritative source.
This filing represents Amendment No. 2 to American International Group, Inc. (AIG)'s Annual Report on Form 10-K for the fiscal year ended December 31, 2011.
The amendment is primarily to file two additional exhibits (99.1 and 99.2) related to TARP Standards for Compensation and Corporate Governance, specifically CEO and CFO certifications under the Emergency Economic Stabilization Act of 2008. No other financial or operational aspects of the original 2011 10-K filing are altered by this amendment. For investors, this filing is procedural and does not introduce new financial performance data or business updates for AIG for the 2011 fiscal year.
The core financial health and operational review would be found in the original 10-K filing. This amendment simply fulfills a regulatory requirement concerning executive certifications related to its historical government support under TARP.
02—Key points
Key Highlights
- This is an amendment to AIG's 2011 10-K filing, not a new financial report.
- The amendment's purpose is to add exhibits related to TARP (Troubled Asset Relief Program) compliance.
- Specifically, Exhibits 99.1 and 99.2 contain certifications from the CEO and CFO under the Emergency Economic Stabilization Act of 2008.
- These certifications pertain to TARP standards for compensation and corporate governance.
- The filing does not alter any other financial information or disclosures from the original 2011 10-K.
- AIG is classified as a large accelerated filer as of December 31, 2011.
- The aggregate market value of AIG's common equity held by non-affiliates was approximately $12.99 billion as of the second fiscal quarter of 2011.
03—Questions
Frequently Asked Questions
What is the main purpose of this Form 10-K/A filing?
The main purpose of this filing (Amendment No. 2 to the 2011 10-K) is to add two specific exhibits (99.1 and 99.2) that contain required certifications from AIG's principal executive officer (CEO) and principal financial officer (CFO). These certifications are mandated by the TARP Standards for Compensation and Corporate Governance under the Emergency Economic Stabilization Act of 2008. This amendment does not update or change any other financial or operational disclosures from the original 2011 10-K report.
Does this amendment provide new financial performance information for AIG in 2011?
No, this amendment does not provide new financial performance information for AIG in 2011. It is a procedural filing to include specific regulatory exhibits. All financial results, operational details, risks, and management's discussion and analysis for the fiscal year ended December 31, 2011, are contained within the original Form 10-K filing, not this amendment.
What does 'TARP Standards for Compensation and Corporate Governance' refer to in this filing?
This refers to specific requirements imposed on companies that received financial assistance under the Troubled Asset Relief Program (TARP), a U.S. government program established to stabilize financial markets. The standards typically involve oversight of executive compensation and corporate governance practices to ensure accountability and responsible management during and after the period of government support. The certifications filed here attest to AIG's compliance with these standards.
What is the significance of AIG being a 'large accelerated filer'?
Being a 'large accelerated filer' means AIG meets certain criteria related to its public float (market value of shares held by non-affiliates) and reporting history. As of December 31, 2011, AIG had a public float exceeding $700 million and had been subject to the reporting requirements of the Securities Exchange Act of 1934 for at least 12 calendar months. This classification subjects the company to specific SEC filing deadlines and disclosure requirements, generally indicating a more mature and larger publicly traded entity.
04—Continue