8-K/AMaterial AgreementsExhibits & Filings

AMERICAN INTERNATIONAL GROUP, INC. 8-K/A Report, Material Agreement (May 15, 2009)

Filed May 15, 2009For Securities:AIG

Summary

This 8-K filing from American International Group (AIG) on May 15, 2009, primarily serves to attach the Shortfall Agreement dated November 25, 2008, between Maiden Lane III LLC and AIG Financial Products Corp. This agreement, while partially redacted for confidential treatment, is a material definitive agreement that investors should note. The filing does not contain new financial results or operational updates but rather provides transparency on a significant contractual arrangement. The involvement of Maiden Lane III LLC suggests a connection to actions taken by the Federal Reserve to stabilize financial markets during the 2008 crisis. Understanding the terms and implications of this Shortfall Agreement is crucial for investors trying to assess AIG's ongoing financial health and its relationship with governmental entities during that period.

Key Highlights

  • 1AIG has filed an 8-K/A to attach a material definitive agreement: the Shortfall Agreement dated November 25, 2008.
  • 2The agreement is between Maiden Lane III LLC and AIG Financial Products Corp.
  • 3Portions of the Shortfall Agreement are redacted due to a request for confidential treatment.
  • 4This filing does not include new financial statements or operational disclosures; it's an update regarding a specific contract.
  • 5The inclusion of Maiden Lane III LLC suggests a link to the government's efforts to support AIG during the 2008 financial crisis.
  • 6Investors should investigate the implications of this Shortfall Agreement on AIG's financial position and obligations.

Frequently Asked Questions

The Shortfall Agreement is a material definitive agreement that outlines specific terms related to financial arrangements between Maiden Lane III LLC and AIG Financial Products Corp. Its exact implications are somewhat obscured by redactions but likely involve AIG's obligations or support mechanisms, particularly in the context of the 2008 financial crisis.

Maiden Lane III LLC was a special purpose vehicle created by the Federal Reserve Bank of New York during the 2008 financial crisis. It was established to purchase illiquid assets from financial institutions, including AIG, to help stabilize their balance sheets and prevent systemic collapse.

Portions of the Shortfall Agreement are redacted because AIG requested confidential treatment for that information, likely to protect proprietary business details or sensitive financial terms from public disclosure.

No, this 8-K filing does not contain any new financial statements, earnings reports, or operational performance updates. Its sole purpose is to disclose the existence and provide the text of the Shortfall Agreement.